Vishay Intertechnology (NYSE:VSH) Shares Gap Up – Here’s Why

Shares of Vishay Intertechnology, Inc. (NYSE:VSH) gapped up before the market opened on Tuesday . The stock had previously closed at $57.22, but opened at $61.98. Vishay Intertechnology shares last traded at $63.8260, with a volume of 4,007,387 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on VSH shares. Bank of America raised 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. Argus raised Vishay Intertechnology to a “strong-buy” rating in a research note on Monday, February 9th. Wall Street Zen downgraded Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings upgraded Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Finally, Zacks Research upgraded Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Two investment 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Vishay Intertechnology Price Performance

The stock has a fifty day moving average price of $34.17 and a 200-day moving average price of $22.99. The firm has a market capitalization of $7.57 billion, a PE ratio of 5,568.10 and a beta of 1.76. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.53 and a current ratio of 2.64.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings results on Wednesday, May 13th. The semiconductor company reported $0.05 earnings per share (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 business had revenue of $839.24 million for the quarter, compared to the consensus estimate of $823.54 million. During the same period last year, the business posted ($0.03) EPS. The business’s revenue was up 17.3% compared to the same quarter last year. Sell-side analysts forecast that Vishay Intertechnology, Inc. will post 0.75 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Thursday, June 18th will be issued a $0.10 dividend. The ex-dividend date is Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.7%. Vishay Intertechnology’s dividend payout ratio (DPR) is currently 4,000.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp grew its stake in Vishay Intertechnology by 709.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,797 shares of the semiconductor company’s stock worth $27,000 after buying an additional 1,575 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in Vishay Intertechnology by 212.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company’s stock worth $30,000 after buying an additional 1,402 shares during the last quarter. Quarry LP purchased a new position in Vishay Intertechnology during the 3rd quarter worth $39,000. Empowered Funds LLC purchased a new position in Vishay Intertechnology during the 4th quarter worth $57,000. Finally, Hantz Financial Services Inc. grew its stake in Vishay Intertechnology by 255.8% during the 4th quarter. Hantz Financial Services Inc. now owns 5,124 shares of the semiconductor company’s stock worth $74,000 after buying an additional 3,684 shares during the last quarter. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

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.