Power Integrations, Inc. (NASDAQ:POWI) Declares $0.20 Quarterly Dividend

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Stockholders of record on Friday, May 31st will be given a dividend of 0.20 per share by the semiconductor company on Friday, June 28th. This represents a $0.80 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, May 31st.

Power Integrations has increased its dividend payment by an average of 22.4% annually over the last three years and has raised its dividend annually for the last 8 consecutive years. Power Integrations has a dividend payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Power Integrations to earn $1.40 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 57.1%.

Power Integrations Stock Up 0.9 %

POWI traded up $0.71 on Thursday, reaching $77.34. 444,726 shares of the company traded hands, compared to its average volume of 409,457. The company has a market cap of $4.40 billion, a P/E ratio of 84.04 and a beta of 1.20. The firm has a fifty day simple moving average of $69.58 and a two-hundred day simple moving average of $74.26. Power Integrations has a one year low of $62.13 and a one year high of $99.60.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its earnings results on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.09. The business had revenue of $89.51 million during the quarter, compared to analysts' expectations of $90.21 million. Power Integrations had a return on equity of 6.46% and a net margin of 12.54%. On average, equities analysts forecast that Power Integrations will post 0.65 earnings per share for the current year.

Analysts Set New Price Targets

POWI has been the topic of a number of research reports. StockNews.com raised shares of Power Integrations from a "sell" rating to a "hold" rating in a research report on Thursday, February 22nd. Benchmark boosted their price target on Power Integrations from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Friday, February 9th. Northland Securities upgraded Power Integrations from an "under perform" rating to a "market perform" rating and set a $67.00 target price on the stock in a research note on Monday, February 26th. Finally, TD Cowen raised their price target on shares of Power Integrations from $65.00 to $80.00 and gave the company a "market perform" rating in a report on Friday, February 9th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $87.40.

Insiders Place Their Bets

In other news, CEO Balu Balakrishnan sold 5,232 shares of the company's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $81.02, for a total transaction of $423,896.64. Following the transaction, the chief executive officer now owns 508,461 shares in the company, valued at $41,195,510.22. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Sandeep Nayyar sold 2,812 shares of the business's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $79.99, for a total value of $224,931.88. Following the completion of the sale, the chief financial officer now owns 67,359 shares of the company's stock, valued at approximately $5,388,046.41. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Balu Balakrishnan sold 5,232 shares of the business's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $81.02, for a total transaction of $423,896.64. Following the sale, the chief executive officer now directly owns 508,461 shares of the company's stock, valued at approximately $41,195,510.22. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,106 shares of company stock valued at $3,518,339. 1.70% of the stock is currently owned by corporate insiders.

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.