Power Integrations, Inc. (POWI) To Go Ex-Dividend on August 31st

Power Integrations, Inc. (NASDAQ:POWI) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Monday, August 31st will be paid a dividend of 0.215 per share by the semiconductor company on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 31st.

Power Integrations has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 12 years. Power Integrations has a dividend payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Power Integrations to earn $1.01 per share next year, which means the company should continue to be able to cover its $0.86 annual dividend with an expected future payout ratio of 85.1%.

Power Integrations Trading Down 4.8%

POWI opened at $58.98 on Friday. The firm has a market cap of $3.29 billion, a P/E ratio of 131.07 and a beta of 1.58. Power Integrations has a 12 month low of $30.86 and a 12 month high of $91.18. The stock has a 50-day moving average of $74.00 and a 200 day moving average of $62.00.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05. The company had revenue of $118.94 million for the quarter, compared to analysts’ expectations of $117.44 million. Power Integrations had a return on equity of 5.52% and a net margin of 5.58%.The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 earnings per share. On average, research analysts forecast that Power Integrations will post 0.76 earnings per share for the current fiscal year.

Power Integrations News Roundup

Here are the key news stories impacting Power Integrations this week:

• Positive Sentiment: Second-quarter earnings exceeded expectations. Power Integrations reported adjusted EPS of $0.37 versus the $0.32 consensus estimate, while revenue of $118.94 million surpassed forecasts of $117.44 million. Revenue increased 2.6% year over year, and earnings rose from $0.35 per share in the comparable quarter. Power Integrations Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management declared a quarterly dividend of $0.215 per share. The dividend is payable September 30 to shareholders of record on August 31 and represents an annualized yield of approximately 1.4%, supporting the stock’s income appeal.
• Positive Sentiment: Power Integrations highlighted a potential technology catalyst by demonstrating what it called the world’s first 2,200-volt gallium-nitride technology for next-generation high-voltage power systems. Power Integrations Demonstrates World’s First 2200 V GaN Technology
• Neutral Sentiment: Third-quarter revenue guidance of $122 million to $130 million is broadly consistent with the $125.6 million analyst consensus, suggesting continued growth but limited near-term upside surprise. The reported update did not include a usable EPS figure.
• Negative Sentiment: Analysts lowered their price targets despite maintaining Buy ratings. Stifel Nicolaus and Needham each cut their targets to $80 from $95 and $90, respectively. Although both still see substantial upside, the reductions signal more cautious expectations following the results. Power Integrations Price Target Lowered at Needham

Power Integrations Company Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.