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

Key Points

• Power Integrations declared a quarterly dividend of $0.215 per share, payable September 30 to shareholders of record on August 31. The dividend implies an annualized payout of approximately $0.86 per share and a 1.4% yield.
• The company has raised its dividend for 12 consecutive years, with a current payout ratio of 43%. Analysts expect next year’s earnings of $1.01 per share, which would support the dividend despite an estimated future payout ratio of 85.1%.
• Power Integrations exceeded quarterly earnings and revenue expectations, reporting EPS of $0.37 versus $0.32 expected and revenue of $118.94 million. Analyst sentiment remains mixed, with an average “Hold” rating and a consensus price target of $74.20.

Power Integrations, Inc. (NASDAQ:POWI - Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Monday, August 31st will be given 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 1.4%. The ex-dividend date of this dividend is Monday, August 31st.

Power Integrations has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 12 consecutive years. Power Integrations has a 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 Stock Performance

Shares of POWI stock opened at $61.95 on Thursday. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 206.51 and a beta of 1.58. The firm has a fifty day moving average of $74.56 and a 200-day moving average of $61.89. Power Integrations has a 52-week low of $30.86 and a 52-week high of $91.18.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.05. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.The company had revenue of $118.94 million during the quarter, compared to analysts' expectations of $117.44 million. During the same period last year, the business earned $0.35 earnings per share. The business's revenue was up 2.6% on a year-over-year basis. On average, sell-side analysts predict that Power Integrations will post 0.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on POWI shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Power Integrations in a research note on Friday, May 8th. Susquehanna boosted their target price on shares of Power Integrations from $70.00 to $85.00 and gave the company a "positive" rating in a research report on Friday, May 8th. Needham & Company LLC dropped their price objective on shares of Power Integrations from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday. Stifel Nicolaus raised their price target on Power Integrations from $82.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, June 24th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Power Integrations in a research note on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Power Integrations has an average rating of "Hold" and an average target price of $74.20.

About Power Integrations

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source