Vishay Intertechnology (VSH) Declares Quarterly Dividend of $0.06
Vishay Intertechnology (NYSE:VSH) declared a quarterly dividend on Tuesday, May 23rd. Investors of record on Thursday, June 15th will be paid a dividend of 0.0625 per share by the semiconductor company on Thursday, June 29th. This represents a $0.25 annualized dividend and a dividend yield of 1.55%.
Vishay Intertechnology has a dividend payout ratio of 21.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Vishay Intertechnology to earn $1.24 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 20.2%.
Shares of Vishay Intertechnology (NYSE:VSH) traded down 0.62% on Tuesday, hitting $16.10. 591,369 shares of the company traded hands. The firm’s 50-day moving average is $16.29 and its 200 day moving average is $16.06. The firm has a market capitalization of $2.35 billion, a P/E ratio of 42.15 and a beta of 1.12. Vishay Intertechnology has a 1-year low of $11.68 and a 1-year high of $17.60.
Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Wednesday, May 3rd. The semiconductor company reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.05. Vishay Intertechnology had a net margin of 2.10% and a return on equity of 7.72%. The company had revenue of $606 million during the quarter, compared to analyst estimates of $598.72 million. During the same period in the prior year, the firm earned $0.19 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, analysts anticipate that Vishay Intertechnology will post $1.20 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised shares of Vishay Intertechnology from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Friday, April 14th.
In other Vishay Intertechnology news, insider Marc Zandman sold 53,105 shares of the stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $16.19, for a total transaction of $859,769.95. Following the completion of the sale, the insider now directly owns 60,093 shares of the company’s stock, valued at $972,905.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gerald Paul sold 50,000 shares of the stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $16.28, for a total transaction of $814,000.00. Following the sale, the insider now directly owns 312,986 shares of the company’s stock, valued at $5,095,412.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 230,439 shares of company stock valued at $3,792,421. Insiders own 7.91% of the company’s stock.
A hedge fund recently raised its stake in Vishay Intertechnology stock. Teachers Advisors LLC boosted its stake in shares of Vishay Intertechnology (NYSE:VSH) by 3.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 226,189 shares of the semiconductor company’s stock after buying an additional 7,828 shares during the period. Teachers Advisors LLC owned approximately 0.15% of Vishay Intertechnology worth $3,721,000 as of its most recent SEC filing.
About Vishay Intertechnology
Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five product segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors and Capacitors. MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs.
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