Power Integrations Inc. (NASDAQ:POWI) announced a quarterly dividend on Thursday, October 27th. Shareholders of record on Wednesday, November 30th will be paid a dividend of 0.13 per share on Friday, December 30th. This represents a $0.52 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Monday, November 28th.
Shares of Power Integrations (NASDAQ:POWI) opened at 68.60 on Friday. The company has a market cap of $2.00 billion, a PE ratio of 43.09 and a beta of 1.03. The firm’s 50 day moving average is $64.25 and its 200 day moving average is $57.12. Power Integrations has a 12 month low of $39.53 and a 12 month high of $69.40.
Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, October 27th. The company reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.10. Power Integrations had a net margin of 12.57% and a return on equity of 11.90%. The company had revenue of $103.79 million for the quarter, compared to analysts’ expectations of $99 million. During the same period last year, the firm earned $0.55 earnings per share. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, equities analysts predict that Power Integrations will post $2.45 earnings per share for the current year.
Several research analysts have recently commented on the stock. Zacks Investment Research cut shares of Power Integrations from a “buy” rating to a “hold” rating in a report on Saturday, July 30th. Stifel Nicolaus reiterated a “buy” rating and set a $70.00 price target (up previously from $63.00) on shares of Power Integrations in a research report on Thursday, October 13th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $65.25.
In other Power Integrations news, Director Balakrishnan S. Iyer sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $64.16, for a total value of $641,600.00. Following the sale, the director now owns 21,992 shares in the company, valued at $1,411,006.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sandeep Nayyar sold 6,395 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $66.45, for a total transaction of $424,947.75. Following the completion of the sale, the chief financial officer now owns 37,021 shares in the company, valued at approximately $2,460,045.45. The disclosure for this sale can be found here. Corporate insiders own 5.70% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Thrivent Financial for Lutherans raised its stake in shares of Power Integrations by 6.0% in the second quarter. Thrivent Financial for Lutherans now owns 13,980 shares of the company’s stock worth $700,000 after buying an additional 790 shares in the last quarter. Profund Advisors LLC raised its stake in shares of Power Integrations by 0.4% in the second quarter. Profund Advisors LLC now owns 5,905 shares of the company’s stock worth $296,000 after buying an additional 23 shares in the last quarter. Stevens Capital Management LP bought a new stake in shares of Power Integrations during the second quarter worth $263,000. Raymond James & Associates raised its stake in shares of Power Integrations by 3.0% in the second quarter. Raymond James & Associates now owns 44,139 shares of the company’s stock worth $2,210,000 after buying an additional 1,279 shares in the last quarter. Finally, Teachers Advisors Inc. raised its stake in shares of Power Integrations by 6.3% in the second quarter. Teachers Advisors Inc. now owns 45,181 shares of the company’s stock worth $2,262,000 after buying an additional 2,666 shares in the last quarter. Hedge funds and other institutional investors own 98.20% of the company’s stock.
Power Integrations Company Profile