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

Key Points

• Power Integrations, Inc. has declared a quarterly dividend of $0.21 per share, with an ex-dividend date set for August 29th and payment scheduled for September 30th.
• The company reported a net margin of 7.59% and revenue growth of 9.1% year-over-year, with earnings per share beating forecasts at $0.35.
• Power Integrations stocks have experienced a trading increase of 2.4%, reaching a price of $44.18, amid strong trading activity.

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) declared a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Stockholders of record on Friday, August 29th will be paid a dividend of 0.21 per share by the semiconductor company on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, August 29th.

Power Integrations has a payout ratio of 42.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Power Integrations to earn $1.41 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 59.6%.

Power Integrations Trading Up 2.4%

Shares of Power Integrations stock traded up $1.05 during trading on Friday, reaching $44.18. The company's stock had a trading volume of 859,547 shares, compared to its average volume of 548,555. The company has a 50-day moving average price of $54.16 and a two-hundred day moving average price of $54.46. The firm has a market cap of $2.49 billion, a PE ratio of 76.17, a P/E/G ratio of 1.95 and a beta of 1.31. Power Integrations has a fifty-two week low of $39.53 and a fifty-two week high of $69.53.

Power Integrations (NASDAQ:POWI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The company had revenue of $115.85 million for the quarter, compared to analysts' expectations of $115.02 million. Power Integrations had a net margin of 7.59% and a return on equity of 5.78%. Power Integrations's revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. On average, analysts predict that Power Integrations will post 0.93 earnings per share for the current fiscal year.

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.

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