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

Vishay Intertechnology, Inc. (NYSE:VSH)’s share price dropped 7.7% on Friday . The stock traded as low as $55.10 and last traded at $55.29. 856,465 shares traded hands during mid-day 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 Analyst Weigh In

A number of equities research analysts have issued reports on VSH shares. Bank of America increased their price target on Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a research note on Thursday, May 14th. Zacks Research raised Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research note 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, Wall Street Zen downgraded Vishay Intertechnology from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Vishay Intertechnology currently has an average rating of “Moderate Buy” and an average target price of $24.00.

Vishay Intertechnology Price Performance

The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.53 and a current ratio of 2.64. The firm has a fifty day simple moving average of $44.73 and a two-hundred day simple moving average of $27.27. The firm has a market cap of $7.56 billion, a PE ratio of 5,567.60 and a beta of 1.76.

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

Vishay Intertechnology Announces Dividend

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

Hedge Funds Weigh In On Vishay Intertechnology

A number of institutional investors and hedge funds have recently made changes to their positions in VSH. Vanguard Group Inc. increased its holdings in shares of Vishay Intertechnology by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 16,617,109 shares of the semiconductor company’s stock worth $254,242,000 after buying an additional 375,378 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Vishay Intertechnology by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 7,102,376 shares of the semiconductor company’s stock worth $127,830,000 after acquiring an additional 208,472 shares in the last quarter. Woodline Partners LP increased its stake in Vishay Intertechnology by 25.3% during the third quarter. Woodline Partners LP now owns 6,813,765 shares of the semiconductor company’s stock worth $104,251,000 after acquiring an additional 1,377,356 shares during the last quarter. American Century Companies Inc. raised its position in Vishay Intertechnology by 0.9% during the third quarter. American Century Companies Inc. now owns 4,180,606 shares of the semiconductor company’s stock valued at $63,963,000 after purchasing an additional 36,791 shares during the period. Finally, Deprince Race & Zollo Inc. lifted its stake in shares of Vishay Intertechnology by 8.4% in the 1st quarter. Deprince Race & Zollo Inc. now owns 3,181,050 shares of the semiconductor company’s stock valued at $57,259,000 after purchasing an additional 247,060 shares during the last quarter. 93.66% of the stock is owned by hedge funds and other institutional investors.

About Vishay Intertechnology

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.