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

Vishay Intertechnology, Inc. (NYSE:VSH) saw some unusual options trading activity on Tuesday. Investors purchased 7,605 call options on the stock. This is an increase of approximately 874% compared to the typical volume of 781 call options.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VSH. Royal Bank of Canada lifted its stake 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Vishay Intertechnology by 3.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,123 shares of the semiconductor company’s stock worth $1,179,000 after buying an additional 2,250 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings 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. lifted its holdings in 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 in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in 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 in the last quarter. 93.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Vishay Intertechnology Trading Down 3.5%

NYSE VSH traded down $1.21 on Tuesday, reaching $33.62. The stock had a trading volume of 5,768,171 shares, compared to its average volume of 2,611,524. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of -479.23 and a beta of 1.53. The company has a quick ratio of 1.57, a current ratio of 2.62 and a debt-to-equity ratio of 0.46. Vishay Intertechnology has a 12-month low of $11.77 and a 12-month high of $35.34. The stock has a fifty day moving average price of $21.95 and a two-hundred day moving average price of $18.39.

Vishay Intertechnology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, March 12th. Vishay Intertechnology’s dividend payout ratio is -571.43%.

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.