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

Power Integrations, Inc. (NASDAQ:POWI) announced a quarterly dividend on Tuesday, October 28th. Stockholders of record on Monday, August 31st will be given a dividend of 0.215 per share by the semiconductor company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, August 31st.

Power Integrations has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 12 consecutive years. Power Integrations has a payout ratio of 43.0% meaning its dividend is sufficiently covered by earnings. Equities 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

POWI stock opened at $51.51 on Friday. The company’s 50-day simple moving average is $66.75 and its 200 day simple moving average is $63.31. Power Integrations has a 52 week low of $30.86 and a 52 week high of $91.18. The company has a market capitalization of $2.88 billion, a PE ratio of 114.47 and a beta of 1.58.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The business had revenue of $118.94 million for the quarter, compared to analyst estimates of $117.44 million. Power Integrations had a net margin of 5.58% and a return on equity of 5.50%. Power Integrations’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the firm earned $0.35 earnings per share. On average, analysts forecast that Power Integrations will post 0.77 EPS for the current year.

Institutional Investors Weigh In On Power Integrations

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd increased its stake in shares of Power Integrations by 13.8% in the 4th quarter. Covestor Ltd now owns 2,064 shares of the semiconductor company’s stock valued at $73,000 after purchasing an additional 251 shares during the last quarter. Baird Financial Group Inc. boosted its stake in Power Integrations by 5.4% in the first quarter. Baird Financial Group Inc. now owns 5,053 shares of the semiconductor company’s stock valued at $255,000 after buying an additional 261 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Power Integrations by 6.7% in the second quarter. Hsbc Holdings PLC now owns 5,213 shares of the semiconductor company’s stock valued at $437,000 after buying an additional 329 shares in the last quarter. Cetera Investment Advisers grew its position in Power Integrations by 2.7% in the fourth quarter. Cetera Investment Advisers now owns 12,972 shares of the semiconductor company’s stock valued at $461,000 after acquiring an additional 340 shares during the last quarter. Finally, First National Bank of Omaha grew its position in Power Integrations by 0.8% in the fourth quarter. First National Bank of Omaha now owns 46,047 shares of the semiconductor company’s stock valued at $1,637,000 after acquiring an additional 366 shares during the last quarter.

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.