Power Integrations, Inc. (NASDAQ:POWI) Raises Dividend to $0.22 Per Share

Power Integrations, Inc. (NASDAQ:POWI) announced a quarterly dividend on Thursday, February 5th. Shareholders of record on Friday, February 27th will be paid a dividend of 0.215 per share by the semiconductor company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, February 27th. This is a 2.4% increase from Power Integrations’s previous quarterly dividend of $0.21.

Power Integrations has increased its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 12 years. Power Integrations has a payout ratio of 42.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

POWI traded down $1.31 during midday trading on Friday, hitting $45.89. The company had a trading volume of 450,881 shares, compared to its average volume of 911,174. The firm’s 50-day simple moving average is $39.86 and its 200-day simple moving average is $41.77. Power Integrations has a twelve month low of $30.86 and a twelve month high of $68.20. The company has a market capitalization of $2.54 billion, a PE ratio of 147.86, a P/E/G ratio of 5.49 and a beta of 1.37.

Power Integrations (NASDAQ:POWI) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. Power Integrations had a return on equity of 4.49% and a net margin of 4.03%.The firm had revenue of $103.20 million for the quarter, compared to analyst estimates of $103.02 million. During the same period in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Power Integrations will post 0.93 EPS for the current fiscal year.

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.