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

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

Power Integrations has raised its dividend by an average of 14.5% per year over the last three years and has raised its dividend every year for the last 12 years. Power Integrations has a payout ratio of 39.6% meaning its dividend is sufficiently covered by earnings. Equities research 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 Down 1.7 %

POWI stock traded down $1.03 during trading on Friday, hitting $59.72. The company had a trading volume of 632,793 shares, compared to its average volume of 446,253. The firm has a 50-day moving average price of $62.59 and a 200-day moving average price of $63.40. Power Integrations has a 12 month low of $56.63 and a 12 month high of $85.00. The stock has a market cap 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 issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 EPS 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%. Equities analysts expect that Power Integrations will post 0.54 EPS for the current year.

Insiders Place Their Bets

In other Power Integrations news, CEO Balu Balakrishnan sold 12,507 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $60.64, for a total transaction of $758,424.48. Following the sale, the chief executive officer now owns 600,002 shares of the company’s stock, valued at approximately $36,384,121.28. This represents a 2.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Clifford Walker sold 10,000 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $64.36, for a total transaction of $643,600.00. Following the transaction, the vice president now directly owns 130,934 shares in the company, valued at $8,426,912.24. This trade represents a 7.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,680 shares of company stock valued at $2,420,526. 1.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on POWI shares. StockNews.com upgraded Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Susquehanna lowered their target price on Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a report on Thursday, November 7th. Finally, Benchmark reiterated a “buy” rating and set a $78.00 target price on shares of Power Integrations in a report on Friday. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Power Integrations has an average rating of “Moderate Buy” and an average price target of $78.00.

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.