Vishay Intertechnology (NYSE:VSH) Shares Gap Down – What’s Next?
by Kim Johansen · The Markets DailyShares of Vishay Intertechnology, Inc. (NYSE:VSH – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $63.97, but opened at $59.50. Vishay Intertechnology shares last traded at $59.5870, with a volume of 2,263,353 shares trading hands.
Analyst Upgrades and Downgrades
VSH has been the topic of a number of research reports. Argus raised Vishay Intertechnology to a “strong-buy” rating in a report on Monday, February 9th. Wall Street Zen lowered Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research raised Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Bank of America increased their price objective on Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a report on Thursday, May 14th. Finally, Weiss Ratings raised Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $24.00.
Read Our Latest Stock Analysis on VSH
Vishay Intertechnology Stock Down 10.0%
The company has a quick ratio of 1.53, a current ratio of 2.64 and a debt-to-equity ratio of 0.47. The stock has a market cap of $7.80 billion, a PE ratio of 5,732.20 and a beta of 1.76. The business has a 50 day moving average price of $33.37 and a 200 day moving average price of $22.61.
Vishay Intertechnology (NYSE:VSH – Get Free Report) last issued its earnings results on Wednesday, May 13th. The semiconductor company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Vishay Intertechnology had a return on equity of 0.22% and a net margin of 0.07%.The firm had revenue of $839.24 million for the quarter, compared to the consensus estimate of $823.54 million. During the same quarter in the prior year, the business earned ($0.03) earnings per share. The company’s revenue was up 17.3% compared to the same quarter last year. Equities research analysts expect that Vishay Intertechnology, Inc. will post 0.75 EPS for the current fiscal year.
Vishay Intertechnology Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Thursday, June 18th will be paid a $0.10 dividend. The ex-dividend date is Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.7%. Vishay Intertechnology’s dividend payout ratio is presently 4,000.00%.
Institutional Trading of Vishay Intertechnology
A number of hedge funds have recently modified their holdings of VSH. Bernzott Capital Advisors boosted its position in Vishay Intertechnology by 12.9% during the fourth quarter. Bernzott Capital Advisors now owns 549,780 shares of the semiconductor company’s stock worth $7,966,000 after purchasing an additional 62,753 shares in the last quarter. Tudor Investment Corp ET AL purchased a new position in Vishay Intertechnology during the third quarter worth approximately $12,306,000. Dana Investment Advisors Inc. boosted its position in Vishay Intertechnology by 30.4% during the fourth quarter. Dana Investment Advisors Inc. now owns 185,302 shares of the semiconductor company’s stock worth $2,685,000 after purchasing an additional 43,149 shares in the last quarter. SG Americas Securities LLC boosted its position in Vishay Intertechnology by 355.0% during the fourth quarter. SG Americas Securities LLC now owns 149,461 shares of the semiconductor company’s stock worth $2,166,000 after purchasing an additional 116,609 shares in the last quarter. Finally, UBS Group AG boosted its position in Vishay Intertechnology by 173.0% during the fourth quarter. UBS Group AG now owns 995,668 shares of the semiconductor company’s stock worth $14,427,000 after purchasing an additional 630,917 shares in the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.
About Vishay Intertechnology
Vishay Intertechnology, Inc is a global manufacturer of discrete semiconductors and passive electronic components, serving a wide range of industries including industrial, automotive, computing, consumer electronics, telecommunications, medical, and military/aerospace markets. The company’s portfolio encompasses resistors, capacitors, inductors, sensors, diodes, rectifiers, MOSFETs and a variety of integrated circuit solutions. Vishay’s components are used in power management, signal conditioning, circuit protection and sensing applications, supporting both standard and custom designs for original equipment manufacturers worldwide.
Originally founded in 1962 by Dr.