
Power Integrations (NASDAQ:POWI) Shares Gap Up After Dividend Announcement

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Power Integrations (NASDAQ:POWI) shares gapped up after announcing a quarterly dividend of $0.215, leading to an opening price of $77.22, up from a previous close of $71.83. The ex-dividend date is May 29, with the dividend payable on June 30. Analysts have mixed ratings on the stock, with price targets ranging from $46 to $85. The company reported Q1 earnings of $0.23 per share, slightly above expectations, and revenue of $103.20 million, down 1.9% year-over-year. The stock has a market cap of $4.26 billion and a PE ratio of 196.83.
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