Vishay Intertechnology (NYSE:VSH) Hits New 1-Year High – Here’s What Happened

Shares of Vishay Intertechnology, Inc. (NYSE:VSH) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $66.65 and last traded at $58.6120, with a volume of 18782338 shares changing hands. The stock had previously closed at $57.22.

Wall Street Analysts Forecast Growth

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

Vishay Intertechnology Price Performance

The company has a current ratio of 2.64, a quick ratio of 1.53 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $7.96 billion, a PE ratio of 5,846.60 and a beta of 1.76. The firm has a 50 day moving average price of $36.57 and a 200 day moving average price of $23.95.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data on Wednesday, May 13th. The semiconductor company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. The firm had revenue of $839.24 million during the quarter, compared to analyst estimates of $823.54 million. Vishay Intertechnology had a return on equity of 0.22% and a net margin of 0.07%.Vishay Intertechnology’s revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.03) EPS. Research analysts anticipate that Vishay Intertechnology, Inc. will post 0.75 earnings per share for the current year.

Vishay Intertechnology Dividend Announcement

The business 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 $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, June 18th. Vishay Intertechnology’s dividend payout ratio is 4,000.00%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. ProShare Advisors LLC boosted its holdings in shares of Vishay Intertechnology by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 23,569 shares of the semiconductor company’s stock valued at $342,000 after purchasing an additional 699 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Vishay Intertechnology by 0.3% during 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 last quarter. Corient Private Wealth LLC boosted its holdings in shares of Vishay Intertechnology by 7.4% during 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 last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of Vishay Intertechnology by 4.2% during the 4th quarter. Verdence Capital Advisors LLC now owns 34,439 shares of the semiconductor company’s stock valued at $499,000 after purchasing an additional 1,399 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of 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 valued at $30,000 after purchasing an additional 1,402 shares during the last quarter. Institutional investors own 93.66% of the company’s stock.

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.