Vishay Intertechnology (NYSE:VSH) Trading 8.4% Higher – What’s Next?

Vishay Intertechnology, Inc. (NYSE:VSH)’s share price traded up 8.4% on Thursday . The company traded as high as $60.29 and last traded at $60.2410. 2,322,956 shares were traded during trading, a decline of 43% from the average daily volume of 4,067,353 shares. The stock had previously closed at $55.59.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VSH shares. Weiss Ratings upgraded Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Bank of America increased their price target on Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a research note on Thursday, May 14th. Wall Street Zen cut Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Zacks Research raised Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Vishay Intertechnology Stock Down 6.1%

The firm 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 50-day simple moving average is $45.38 and its 200 day simple moving average is $27.47. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.64 and a quick ratio of 1.53.

Vishay Intertechnology (NYSE:VSH) last posted its earnings results on Wednesday, May 13th. The semiconductor company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Vishay Intertechnology had a net margin of 0.07% and a return on equity of 0.22%. The firm had revenue of $839.24 million for the quarter, compared to the consensus estimate of $823.54 million. During the same period in the previous year, the firm posted ($0.03) EPS. The business’s quarterly revenue was up 17.3% on a year-over-year basis. Research analysts anticipate that Vishay Intertechnology, Inc. will post 0.75 EPS 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. Shareholders of record on Thursday, June 18th will be given a dividend of $0.10 per share. The ex-dividend date 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 4,000.00%.

Hedge Funds Weigh In On Vishay Intertechnology

A number of institutional investors and hedge funds have recently modified their holdings of VSH. ProShare Advisors LLC raised its holdings in 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 buying an additional 699 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Vishay Intertechnology by 0.3% in 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 acquiring an additional 743 shares during the period. Corient Private Wealth LLC raised its stake 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 valued at $295,000 after acquiring an additional 1,288 shares during the period. Verdence Capital Advisors LLC lifted its holdings in shares of Vishay Intertechnology by 4.2% in the 4th quarter. Verdence Capital Advisors LLC now owns 34,439 shares of the semiconductor company’s stock worth $499,000 after acquiring an additional 1,399 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of Vishay Intertechnology by 212.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 1,402 shares during the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.

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.