Power Integrations Inc. (POWI) reported fourth quarter non-GAAP net income of $0.47 per share after the close Monday, compared to $0.29 per share last year. The consensus estimate was for EPS of $0.42. The company said its board of directors has increased its quarterly dividend by 60 percent for the upcoming year, to eight cents per share.
Power Integrations gapped up Tuesday and rose sharply in early trade. Shares advanced further going into the close and finished with a gain of 5.51 at $43.69 on strong volume. The stock closed challenging the highs of the year, trading at a 9-month high.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.