Vishay Intertechnology, Inc. (NYSE:VSH) to Issue Quarterly Dividend of $0.10

Vishay Intertechnology, Inc. (NYSE:VSH) declared a quarterly dividend on Tuesday, May 21st, RTT News reports. Investors of record on Thursday, June 13th will be paid a dividend of 0.10 per share by the semiconductor company on Thursday, June 27th. This represents a $0.40 annualized dividend and a yield of 1.69%.

Vishay Intertechnology has raised its dividend payment by an average of 1.7% per year over the last three years.

Vishay Intertechnology Price Performance

Vishay Intertechnology stock traded down $0.40 during mid-day trading on Tuesday, hitting $23.61. 806,957 shares of the company were exchanged, compared to its average volume of 1,280,717. The company has a quick ratio of 2.08, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The business has a fifty day moving average of $22.34 and a 200 day moving average of $22.53. Vishay Intertechnology has a 1-year low of $20.83 and a 1-year high of $30.10. The company has a market capitalization of $3.24 billion, a PE ratio of 13.57 and a beta of 1.21.

Vishay Intertechnology (NYSE:VSH) last announced its earnings results on Wednesday, May 8th. The semiconductor company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. Vishay Intertechnology had a return on equity of 11.95% and a net margin of 7.41%. The company had revenue of $746.30 million during the quarter, compared to analyst estimates of $735.96 million. During the same period last year, the company posted $0.79 earnings per share. The firm’s quarterly revenue was down 14.3% compared to the same quarter last year. As a group, sell-side analysts expect that Vishay Intertechnology will post 0.87 earnings per share for the current year.

Insider Buying and Selling

In related news, Director John Malvisi bought 8,929 shares of Vishay Intertechnology stock in a transaction on Friday, May 10th. The shares were purchased at an average price of $22.60 per share, for a total transaction of $201,795.40. Following the completion of the acquisition, the director now owns 16,438 shares in the company, valued at $371,498.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Vishay Intertechnology news, Director John Malvisi acquired 8,929 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were acquired at an average price of $22.60 per share, for a total transaction of $201,795.40. Following the acquisition, the director now directly owns 16,438 shares of the company’s stock, valued at approximately $371,498.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Marc Zandman sold 26,154 shares of Vishay Intertechnology stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $22.83, for a total value of $597,095.82. Following the transaction, the chairman now owns 73,678 shares in the company, valued at approximately $1,682,068.74. The disclosure for this sale can be found here. Corporate insiders own 8.14% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus reiterated a “buy” rating and issued a $25.00 price objective on shares of Vishay Intertechnology in a research report on Wednesday, April 3rd.

About Vishay Intertechnology

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.