Power Integrations, Inc. (POWI) To Go Ex-Dividend on May 31st

Power Integrations, Inc. (NASDAQ:POWI) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Friday, May 31st will be paid 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 raised its dividend payment by an average of 22.4% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Power Integrations has a payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Equities 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 1.3 %

Shares of NASDAQ:POWI traded up $1.00 during midday trading on Thursday, reaching $77.63. The company’s stock had a trading volume of 174,930 shares, compared to its average volume of 406,343. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 79.15 and a beta of 1.20. The business has a 50 day moving average price of $69.58 and a 200 day moving average price of $74.26. Power Integrations has a 1 year low of $62.13 and a 1 year high of $99.60.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The company had revenue of $89.51 million for the quarter, compared to the consensus estimate of $90.21 million. Power Integrations had a net margin of 12.54% and a return on equity of 6.46%. Sell-side analysts anticipate that Power Integrations will post 0.65 earnings per share for the current fiscal year.

Insider Transactions at Power Integrations

In other news, VP Yang Chiah Yee sold 996 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $80.06, for a total transaction of $79,739.76. Following the completion of the sale, the vice president now owns 32,625 shares of the company’s stock, valued at $2,611,957.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Yang Chiah Yee sold 996 shares of Power Integrations stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $80.06, for a total value of $79,739.76. Following the completion of the transaction, the vice president now directly owns 32,625 shares in the company, valued at $2,611,957.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sandeep Nayyar sold 2,812 shares of Power Integrations stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $79.99, for a total value of $224,931.88. Following the completion of the transaction, the chief financial officer now owns 67,359 shares of the company’s stock, valued at approximately $5,388,046.41. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,106 shares of company stock valued at $3,518,339. 1.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

About Power Integrations

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.