Power Integrations, Inc. (POWI) to Issue Quarterly Dividend of $0.21 on December 31st

by · The Markets Daily

Power Integrations, Inc. (NASDAQ:POWI – Get Free Report) announced a quarterly dividend on Wednesday, November 4th. Shareholders of record on Monday, November 30th will be paid a dividend of $0.2150 per share by the semiconductor company on Thursday, December 31st. This represents a $0.86 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, November 30th.

Power Integrations has increased its dividend by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 12 years. Power Integrations has a dividend payout ratio of 43.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Power Integrations to earn $1.15 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 74.8%.

Power Integrations Stock Performance

Shares of POWI stock opened at $38.84 on Friday. The company has a market capitalization of $2.17 billion, a P/E ratio of 52.58 and a beta of 1.58. Power Integrations has a fifty-two week low of $30.86 and a fifty-two week high of $91.18. The stock has a 50 day moving average price of $49.17 and a two-hundred day moving average price of $58.58.

Power Integrations (NASDAQ:POWI – Get Free Report) last issued its earnings results on Wednesday, November 4th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.04. Power Integrations had a net margin of 9.81% and a return on equity of 7.42%. The firm had revenue of $125.48 million for the quarter, compared to analysts’ expectations of $126.03 million. During the same quarter last year, the business earned $0.36 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. As a group, equities analysts predict that Power Integrations will post 0.77 earnings per share for the current year.

More Power Integrations News

Here are the key news stories impacting Power Integrations this week:

  • Positive Sentiment: Third-quarter EPS of $0.46 topped the $0.42 consensus and rose from $0.36 a year earlier. Revenue increased 5.5% year over year to $125.48 million. Power Integrations Q3 Earnings Surpass Estimates
  • Positive Sentiment: Management outlined a long-term goal to double its serviceable addressable market by 2031, a potential growth opportunity. Power Integrations targets doubling SAM by 2031
  • Neutral Sentiment: Power Integrations declared a quarterly dividend of $0.215 per share, equivalent to $0.86 annually. Power Integrations brokerage coverage
  • Negative Sentiment: The reported decline was attributed to sector-wide selling, suggesting pressure was not specific to POWI. Power Integrations amid sector-wide selling
  • Negative Sentiment: Susquehanna cut its price target to $55 from $70, despite keeping a positive rating. Needham also lowered its target, to $65 from $80, while retaining a buy rating. Target reductions may weigh on sentiment. Susquehanna lowers POWI price target
  • Negative Sentiment: Third-quarter revenue narrowly missed analysts’ expectations, and the company’s fourth-quarter revenue outlook of $118 million–$126 million leaves room for a sequential decline from Q3’s $125.48 million. Power Integrations Q4 revenue outlook

About Power Integrations

(Get Free Report)

Power Integrations, Inc designs and manufactures high-performance semiconductor technologies used in energy-efficient power conversion. Its products help convert and control electrical power in applications such as consumer electronics, appliances, industrial equipment, communications infrastructure, renewable-energy systems, and electric vehicles.

The company’s product portfolio includes integrated circuits for AC-to-DC and DC-to-DC power supplies, LED lighting drivers, power-factor correction, motor drives, and high-voltage gate driving.

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