Vishay Intertechnology (NYSE:VSH) Shares Up 8.4% – What’s Next?

Vishay Intertechnology, Inc. (NYSE:VSH)’s stock price shot up 8.4% during mid-day trading on Thursday . The stock traded as high as $58.45 and last traded at $59.2230. 1,024,510 shares were traded during mid-day trading, a decline of 73% from the average session volume of 3,768,335 shares. The stock had previously closed at $54.65.

Wall Street Analyst Weigh In

Several research firms have issued reports on VSH. Weiss Ratings upgraded Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Wall Street Zen cut Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Bank of America upped their target price on Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a report on Thursday, May 14th. Finally, Zacks Research raised Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Two equities 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. According to MarketBeat.com, Vishay Intertechnology presently has an average rating of “Moderate Buy” and an average target price of $24.00.

Vishay Intertechnology Price Performance

The company has a quick ratio of 1.53, a current ratio of 2.64 and a debt-to-equity ratio of 0.47. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 5,949.70 and a beta of 1.76. The company has a fifty day simple moving average of $37.40 and a two-hundred day simple moving average of $24.20.

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, beating the consensus estimate of $0.03 by $0.02. The company had revenue of $839.24 million for the quarter, compared to analyst estimates of $823.54 million. Vishay Intertechnology had a return on equity of 0.22% and a net margin of 0.07%.Vishay Intertechnology’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.03) earnings per share. On average, equities research analysts anticipate that Vishay Intertechnology, Inc. will post 0.75 earnings per share for the current fiscal year.

Vishay Intertechnology Dividend Announcement

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

Institutional Trading of Vishay Intertechnology

Several institutional investors and hedge funds have recently made changes to their positions in VSH. Royal Bank of Canada lifted its position in shares of Vishay Intertechnology by 26.6% in the first quarter. Royal Bank of Canada now owns 71,823 shares of the semiconductor company’s stock valued at $1,142,000 after acquiring an additional 15,079 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Vishay Intertechnology by 3.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,123 shares of the semiconductor company’s stock valued at $1,179,000 after acquiring an additional 2,250 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Vishay Intertechnology by 5.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 250,154 shares of the semiconductor company’s stock valued at $3,977,000 after acquiring an additional 12,547 shares in the last quarter. AXA S.A. lifted its position in shares of Vishay Intertechnology by 13.5% in the second quarter. AXA S.A. now owns 176,254 shares of the semiconductor company’s stock valued at $2,799,000 after acquiring an additional 20,950 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its position in shares of Vishay Intertechnology by 132.4% in the second quarter. Quantinno Capital Management LP now owns 52,791 shares of the semiconductor company’s stock valued at $838,000 after acquiring an additional 30,075 shares in 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.