Vishay Intertechnology (NYSE:VSH) Stock Price Up 8.5% – What’s Next?

Vishay Intertechnology, Inc. (NYSE:VSH)’s share price traded up 8.5% during mid-day trading on Monday . The stock traded as high as $50.39 and last traded at $49.8420. 952,247 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 4,355,388 shares. The stock had previously closed at $45.92.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VSH. Bank of America raised 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. Wall Street Zen lowered shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Zacks Research upgraded shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings raised Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Vishay Intertechnology has an average rating of “Moderate Buy” and a consensus 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 company’s 50 day moving average price is $48.45 and its 200 day moving average price is $29.21. The company has a market cap of $5.73 billion, a price-to-earnings ratio of 4,213.50 and a beta of 1.76.

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

Vishay Intertechnology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Thursday, June 18th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, June 18th. Vishay Intertechnology’s payout ratio is presently 4,000.00%.

Hedge Funds Weigh In On Vishay Intertechnology

Several institutional investors have recently bought and sold shares of VSH. Dimensional Fund Advisors LP grew its holdings in shares of Vishay Intertechnology by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 7,102,376 shares of the semiconductor company’s stock worth $127,830,000 after purchasing an additional 208,472 shares during the last quarter. Woodline Partners LP raised its holdings in shares of Vishay Intertechnology by 25.3% in the third quarter. Woodline Partners LP now owns 6,813,765 shares of the semiconductor company’s stock valued at $104,251,000 after buying an additional 1,377,356 shares during the last quarter. Deprince Race & Zollo Inc. lifted its position in Vishay Intertechnology by 8.4% during the 1st quarter. Deprince Race & Zollo Inc. now owns 3,181,050 shares of the semiconductor company’s stock worth $57,259,000 after buying an additional 247,060 shares in the last quarter. Geode Capital Management LLC grew its holdings in Vishay Intertechnology by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,907,928 shares of the semiconductor company’s stock worth $42,144,000 after acquiring an additional 10,917 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Vishay Intertechnology by 28.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,466,224 shares of the semiconductor company’s stock worth $35,736,000 after acquiring an additional 539,603 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.