Power Integrations, Inc. (POWI) To Go Ex-Dividend on November 29th

Power Integrations, Inc. (NASDAQ:POWI) declared a quarterly dividend on Tuesday, November 26th,Zacks Dividends reports. Shareholders 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 yield of 1.28%. The ex-dividend date is Friday, November 29th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.20.

Power Integrations has increased 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 payout ratio of 54.5% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of POWI stock opened at $65.66 on Wednesday. Power Integrations has a one year low of $56.63 and a one year high of $89.68. The company’s 50-day simple moving average is $62.92 and its 200-day simple moving average is $67.53. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 99.49, a PEG ratio of 7.37 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share 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 analyst estimates of $114.83 million. Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. Power Integrations’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. As a group, research analysts forecast that Power Integrations will post 0.54 EPS for the current year.

Analyst Ratings Changes

POWI has been the topic of several research reports. Stifel Nicolaus reiterated a “buy” rating and set a $95.00 price objective (down previously from $100.00) on shares of Power Integrations in a research note on Monday, August 5th. Susquehanna dropped 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 note on Thursday, November 7th. Benchmark restated a “buy” rating and issued a $78.00 price target on shares of Power Integrations in a research note on Friday, November 8th. Northland Securities upgraded shares of Power Integrations from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Monday, August 12th. Finally, Northland Capmk upgraded shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Insider Buying and Selling

In related news, VP Doug Bailey sold 8,549 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $64.96, for a total value of $555,343.04. Following the completion of the transaction, the vice president now owns 86,375 shares of the company’s stock, valued at approximately $5,610,920. This trade represents a 9.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.

Power Integrations Company Profile

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.