Vishay Intertechnology (NYSE:VSH) announced its quarterly earnings data on Thursday. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01, MarketWatch Earnings reports. Vishay Intertechnology had a return on equity of 23.80% and a net margin of 11.72%. The company had revenue of $745.16 million for the quarter, compared to analysts’ expectations of $754.26 million. During the same quarter in the prior year, the business posted $0.40 EPS. The business’s revenue was up 4.0% compared to the same quarter last year. Vishay Intertechnology updated its Q2 2019 guidance to EPS.
Shares of Vishay Intertechnology stock opened at $17.27 on Friday. Vishay Intertechnology has a 12-month low of $16.63 and a 12-month high of $26.50. The company has a market cap of $2.58 billion, a PE ratio of 8.02, a P/E/G ratio of 0.90 and a beta of 1.41. The company has a current ratio of 3.09, a quick ratio of 2.02 and a debt-to-equity ratio of 0.40.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be paid a dividend of $0.095 per share. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 2.20%. This is a boost from Vishay Intertechnology’s previous quarterly dividend of $0.09. Vishay Intertechnology’s dividend payout ratio is currently 16.04%.
A number of equities research analysts have recently issued reports on the company. ValuEngine cut Vishay Intertechnology from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research cut Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 12th. Finally, Bank of America cut Vishay Intertechnology from a “buy” rating to a “neutral” rating and set a $23.00 price objective on the stock. in a research note on Wednesday, February 6th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Vishay Intertechnology has an average rating of “Hold” and an average price target of $24.75.
In other news, Director Frank Dieter Maier sold 6,421 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $21.75, for a total transaction of $139,656.75. Following the sale, the director now owns 74,399 shares in the company, valued at approximately $1,618,178.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Marc Zandman sold 85,361 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $21.88, for a total value of $1,867,698.68. Following the sale, the chairman now owns 50,585 shares in the company, valued at approximately $1,106,799.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 157,782 shares of company stock worth $3,444,175. Company insiders own 8.07% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Meeder Asset Management Inc. bought a new stake in Vishay Intertechnology in the 1st quarter valued at $37,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Vishay Intertechnology in the 4th quarter valued at $50,000. Oregon Public Employees Retirement Fund raised its stake in Vishay Intertechnology by 1,701.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 939,780 shares of the semiconductor company’s stock valued at $52,000 after acquiring an additional 887,599 shares during the period. Strs Ohio raised its stake in Vishay Intertechnology by 41.7% in the 4th quarter. Strs Ohio now owns 8,500 shares of the semiconductor company’s stock valued at $153,000 after acquiring an additional 2,500 shares during the period. Finally, SG Americas Securities LLC raised its stake in Vishay Intertechnology by 17.3% in the 4th quarter. SG Americas Securities LLC now owns 10,506 shares of the semiconductor company’s stock valued at $189,000 after acquiring an additional 1,553 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.
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About Vishay Intertechnology
Vishay Intertechnology, Inc manufactures and supplies discrete semiconductors and passive components in the United States, Europe, and Asia. The Metal Oxide Semiconductor Field Effect Transistors (MOSFETs) segment offers low- and medium-voltage TrenchFET MOSFETs, high-voltage planar MOSFETs, high voltage super junction MOSFETs, power integrated circuits, and integrated function power devices.
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