Traders Purchase High Volume of Call Options on Vishay Intertechnology (NYSE:VSH)

Vishay Intertechnology, Inc. (NYSE:VSH) was the recipient of unusually large options trading activity on Tuesday. Stock traders bought 7,463 call options on the company. This is an increase of approximately 67% compared to the typical volume of 4,482 call options.

Vishay Intertechnology Stock Down 4.5%

Shares of NYSE:VSH opened at $53.73 on Wednesday. Vishay Intertechnology has a 52 week low of $11.77 and a 52 week high of $69.47. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.53 and a current ratio of 2.64. The company has a market capitalization of $7.31 billion, a PE ratio of 5,372.70 and a beta of 1.76. The company has a 50 day moving average price of $46.54 and a two-hundred day moving average price of $28.11.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings results on Wednesday, May 13th. 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 net margin of 0.07% and a return on equity of 0.22%. The company had revenue of $839.24 million for the quarter, compared to analysts’ expectations of $823.54 million. During the same period last year, the firm posted ($0.03) earnings per share. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. Analysts forecast that Vishay Intertechnology will post 0.75 earnings per share for the current year.

Vishay Intertechnology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 18th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, June 18th. This represents a $0.40 annualized dividend and a yield of 0.7%. Vishay Intertechnology’s payout ratio is currently 4,000.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ProShare Advisors LLC raised its position in shares of Vishay Intertechnology by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 23,569 shares of the semiconductor company’s stock worth $342,000 after purchasing an additional 699 shares during the period. State of Alaska Department of Revenue grew its position in shares of Vishay Intertechnology by 0.3% in the 4th quarter. State of Alaska Department of Revenue now owns 248,135 shares of the semiconductor company’s stock valued at $3,595,000 after purchasing an additional 743 shares during the period. Corient Private Wealth LLC grew its position in shares of Vishay Intertechnology by 7.4% in the 2nd quarter. Corient Private Wealth LLC now owns 18,598 shares of the semiconductor company’s stock valued at $295,000 after purchasing an additional 1,288 shares during the period. Verdence Capital Advisors LLC increased its stake in Vishay Intertechnology by 4.2% during the 4th quarter. Verdence Capital Advisors LLC now owns 34,439 shares of the semiconductor company’s stock worth $499,000 after purchasing an additional 1,399 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in Vishay Intertechnology by 212.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 1,402 shares in the last quarter. 93.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Bank of America increased their price target on Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a research note on Thursday, May 14th. Zacks Research raised Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Weiss Ratings upgraded Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Finally, Wall Street Zen lowered Vishay Intertechnology from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

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.