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

Power Integrations, Inc. (NASDAQ:POWI) announced a quarterly dividend on Friday, February 7th,Wall Street Journal reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.21 per share by the semiconductor company on Monday, March 31st. This represents a $0.84 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Friday, February 28th.

Power Integrations has raised its dividend payment by an average of 14.5% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. Power Integrations has a dividend payout ratio of 39.6% 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

POWI stock traded down $1.03 during midday trading on Friday, reaching $59.72. The company’s stock had a trading volume of 632,793 shares, compared to its average volume of 446,253. The stock has a fifty day simple moving average of $62.59 and a two-hundred day simple moving average of $63.40. Power Integrations has a 1 year low of $56.63 and a 1 year high of $85.00. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 90.88, a PEG ratio of 4.06 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a net margin of 9.27% and a return on equity of 4.14%. As a group, analysts forecast that Power Integrations will post 0.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on POWI. Benchmark restated a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a report on Friday. StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Susquehanna lowered their price objective on Power Integrations from $80.00 to $77.00 and set a “positive” rating on the stock in a research report on Thursday, November 7th. Three investment 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Insider Transactions at Power Integrations

In other Power Integrations news, VP Clifford Walker sold 2,472 shares of Power Integrations stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $60.75, for a total transaction of $150,174.00. Following the transaction, the vice president now owns 142,145 shares of the company’s stock, valued at $8,635,308.75. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Doug Bailey sold 8,549 shares of Power Integrations 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 in the company, valued at $5,610,920. This trade represents a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,680 shares of company stock valued at $2,420,526. Corporate insiders own 1.70% 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.