Vishay Intertechnology (NYSE:VSH) Shares Down 7.7% – Here’s What Happened

Vishay Intertechnology, Inc. (NYSE:VSH) was down 7.7% on Friday . The company traded as low as $55.10 and last traded at $55.29. Approximately 856,465 shares were traded during trading, a decline of 79% from the average daily volume of 4,076,232 shares. The stock had previously closed at $59.91.

Wall Street Analysts Forecast Growth

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

Vishay Intertechnology Stock Performance

The company has a market cap of $7.66 billion, a P/E ratio of 5,624.20 and a beta of 1.76. The company’s fifty day moving average is $45.38 and its 200 day moving average is $27.47. The company has a current ratio of 2.64, a quick ratio of 1.53 and a debt-to-equity ratio of 0.47.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings results on Wednesday, May 13th. The semiconductor company reported $0.05 earnings per share 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 business had revenue of $839.24 million during the quarter, compared to the consensus estimate of $823.54 million. During the same period in the previous year, the firm posted ($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 analysts predict that Vishay Intertechnology, Inc. will post 0.75 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

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

Institutional Investors Weigh In On Vishay Intertechnology

Several institutional investors have recently bought and sold shares of the stock. ProShare Advisors LLC grew its position in Vishay Intertechnology by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 23,569 shares of the semiconductor company’s stock worth $342,000 after acquiring an additional 699 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Vishay Intertechnology by 0.3% during the fourth 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 holdings in shares of Vishay Intertechnology by 7.4% in the second quarter. Corient Private Wealth LLC now owns 18,598 shares of the semiconductor company’s stock worth $295,000 after purchasing an additional 1,288 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Vishay Intertechnology by 4.2% in the fourth quarter. Verdence Capital Advisors LLC now owns 34,439 shares of the semiconductor company’s stock worth $499,000 after buying an additional 1,399 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Vishay Intertechnology by 212.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company’s stock worth $30,000 after buying an additional 1,402 shares during the period. 93.66% of the stock is currently owned by hedge funds and other 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.