Power Integrations, Inc. (NASDAQ:POWI) to Issue Quarterly Dividend of $0.21

Power Integrations, Inc. (NASDAQ:POWI) declared a quarterly dividend on Tuesday, November 26th,Zacks Dividends reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.21 per share by the semiconductor company on Tuesday, December 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Friday, November 29th. This is a boost from Power Integrations’s previous quarterly dividend of $0.20.

Power Integrations has raised its dividend payment by an average of 22.4% annually over the last three years and has increased its dividend annually for the last 12 consecutive years. Power Integrations has a dividend payout ratio of 54.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Power Integrations to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 93.3%.

Power Integrations Price Performance

Shares of POWI opened at $65.66 on Wednesday. The company has a market capitalization of $3.73 billion, a PE ratio of 99.49, a price-to-earnings-growth ratio of 7.37 and a beta of 1.10. Power Integrations has a one year low of $56.63 and a one year high of $89.68. The company’s fifty day moving average price is $62.92 and its 200 day moving average price is $67.53.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. The firm had revenue of $115.84 million for the quarter, compared to the consensus estimate of $114.83 million. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. Analysts anticipate that Power Integrations will post 0.54 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on POWI. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Susquehanna decreased their price target on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Stifel Nicolaus restated a “buy” rating and issued a $95.00 price target (down from $100.00) on shares of Power Integrations in a research report on Monday, August 5th. Finally, Northland Capmk upgraded shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Power Integrations has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Insider Buying and Selling at Power Integrations

In other Power Integrations news, VP Doug Bailey sold 8,549 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $64.96, for a total value of $555,343.04. Following the transaction, the vice president now directly owns 86,375 shares in the company, valued at $5,610,920. The trade was a 9.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.50% of the company’s stock.

About Power Integrations

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.