Vishay Intertechnology (NYSE:VSH) Shares Gap Up Following Earnings Beat

Vishay Intertechnology, Inc. (NYSE:VSH)’s stock price gapped up prior to trading on Wednesday following a stronger than expected earnings report. The stock had previously closed at $33.63, but opened at $36.39. Vishay Intertechnology shares last traded at $35.8360, with a volume of 2,103,652 shares changing hands.

The semiconductor company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Vishay Intertechnology had a negative return on equity of 0.32% and a negative net margin of 0.29%.The company had revenue of $839.24 million during the quarter, compared to analysts’ expectations of $823.54 million. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. The business’s quarterly revenue was up 17.3% compared to the same quarter last year.

Vishay Intertechnology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were paid a $0.10 dividend. The ex-dividend date was Thursday, March 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.1%. Vishay Intertechnology’s dividend payout ratio (DPR) is presently -571.43%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Vishay Intertechnology from $14.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Argus raised shares of Vishay Intertechnology to a “strong-buy” rating in a report on Monday, February 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Vishay Intertechnology in a research note on Wednesday, January 21st. Bank of America boosted their price objective on Vishay Intertechnology from $14.00 to $16.00 and gave the stock an “underperform” rating in a report on Thursday, January 22nd. Finally, Zacks Research upgraded shares of Vishay Intertechnology from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.00.

Hedge Funds Weigh In On Vishay Intertechnology

Several hedge funds have recently made changes to their positions in VSH. Royal Bank of Canada boosted its holdings in Vishay Intertechnology by 26.6% during the first quarter. Royal Bank of Canada now owns 71,823 shares of the semiconductor company’s stock worth $1,142,000 after purchasing an additional 15,079 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Vishay Intertechnology by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,123 shares of the semiconductor company’s stock valued at $1,179,000 after buying an additional 2,250 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Vishay Intertechnology by 5.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 250,154 shares of the semiconductor company’s stock worth $3,977,000 after buying an additional 12,547 shares in the last quarter. AXA S.A. boosted its stake in shares of Vishay Intertechnology by 13.5% during the 2nd quarter. AXA S.A. now owns 176,254 shares of the semiconductor company’s stock worth $2,799,000 after buying an additional 20,950 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of Vishay Intertechnology by 132.4% during the 2nd quarter. Quantinno Capital Management LP now owns 52,791 shares of the semiconductor company’s stock worth $838,000 after buying an additional 30,075 shares during the last quarter. 93.66% of the stock is owned by institutional investors.

Vishay Intertechnology Price Performance

The company has a market cap of $4.89 billion, a P/E ratio of -514.00 and a beta of 1.53. The company has a fifty day moving average price of $22.25 and a two-hundred day moving average price of $18.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.57 and a current ratio of 2.62.

Vishay Intertechnology Company Profile

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.