Vishay Intertechnology (NYSE:VSH) Trading Up 8.4% – Here’s Why

Shares of Vishay Intertechnology, Inc. (NYSE:VSH) rose 8.4% during mid-day trading on Thursday . The stock traded as high as $60.29 and last traded at $60.2410. 2,322,956 shares traded hands during trading, a decline of 43% from the average daily volume of 4,067,353 shares. The stock had previously closed at $55.59.

Analysts Set New Price Targets

Several brokerages have recently commented on VSH. 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 research report on Thursday, May 14th. Wall Street Zen lowered Vishay Intertechnology from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings raised Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Finally, Zacks Research upgraded shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Vishay Intertechnology Stock Performance

The stock has a market cap of $8.34 billion, a PE ratio of 6,134.10 and a beta of 1.76. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.64 and a quick ratio of 1.53. The business has a 50 day moving average price of $43.99 and a two-hundred day moving average price of $26.95.

Vishay Intertechnology (NYSE:VSH) last issued its earnings results on Wednesday, May 13th. The semiconductor company reported $0.05 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $823.54 million. During the same period in the previous year, the firm earned ($0.03) earnings per share. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. As a group, equities research analysts forecast that Vishay Intertechnology, Inc. will post 0.75 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Thursday, June 18th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, June 18th. Vishay Intertechnology’s dividend payout ratio is 4,000.00%.

Institutional Trading of Vishay Intertechnology

Several large investors have recently modified their holdings of the business. NewEdge Advisors LLC raised its position in Vishay Intertechnology by 11,394.9% during the 1st quarter. NewEdge Advisors LLC now owns 175,412 shares of the semiconductor company’s stock valued at $3,157,000 after purchasing an additional 173,886 shares during the last quarter. Edgestream Partners L.P. grew its position in shares of Vishay Intertechnology by 127.4% in the 1st quarter. Edgestream Partners L.P. now owns 316,191 shares of the semiconductor company’s stock worth $5,691,000 after buying an additional 177,151 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Vishay Intertechnology by 21.1% during the first quarter. California State Teachers Retirement System now owns 131,611 shares of the semiconductor company’s stock valued at $2,369,000 after buying an additional 22,902 shares during the period. Quantinno Capital Management LP raised its holdings in shares of Vishay Intertechnology by 9.4% during the first quarter. Quantinno Capital Management LP now owns 73,049 shares of the semiconductor company’s stock valued at $1,315,000 after acquiring an additional 6,290 shares in the last quarter. Finally, SummitTX Capital L.P. bought a new position in shares of Vishay Intertechnology during the first quarter valued at approximately $2,555,000. 93.66% of the stock is owned by institutional investors.

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.