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

Power Integrations, Inc. (NASDAQ:POWI) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.2150 per share by the semiconductor company on Thursday, December 31st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, November 30th.

Power Integrations has raised its dividend by an average of 0.1% per year 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 43.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Power Integrations to earn $1.15 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 74.8%.

Power Integrations Trading Down 0.4%

NASDAQ POWI opened at $46.80 on Thursday. 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 $49.49 and a 200-day moving average of $58.61. The company has a market cap of $2.61 billion, a PE ratio of 104.00 and a beta of 1.58.

Power Integrations (NASDAQ:POWI) last issued its earnings results on Wednesday, November 4th. The semiconductor company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. Power Integrations had a net margin of 5.58% and a return on equity of 5.50%. The business had revenue of $125.48 million for the quarter, compared to the consensus estimate of $126.03 million. During the same period in the previous year, the company earned $0.36 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, sell-side analysts predict that Power Integrations will post 0.77 EPS for the current fiscal year.

Analyst Ratings Changes

POWI has been the subject of a number of analyst reports. Williams Trading set a $80.00 price objective on shares of Power Integrations in a research report on Thursday, August 6th. Susquehanna dropped their target price on shares of Power Integrations from $85.00 to $70.00 and set a “positive” rating on the stock in a report on Wednesday, October 21st. Wall Street Zen upgraded shares of Power Integrations from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded Power Integrations from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 19th. Finally, Needham & Company LLC lowered their price target on Power Integrations from $80.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Power Integrations has a consensus rating of “Moderate Buy” and an average target price of $64.67.

About Power Integrations

Power Integrations, Inc designs and manufactures high-performance semiconductor technologies used in energy-efficient power conversion. Its products help convert and control electrical power in applications such as consumer electronics, appliances, industrial equipment, communications infrastructure, renewable-energy systems, and electric vehicles.

The company’s product portfolio includes integrated circuits for AC-to-DC and DC-to-DC power supplies, LED lighting drivers, power-factor correction, motor drives, and high-voltage gate driving.