Vishay Intertechnology (NYSE:VSH) Stock Price Down 6.6% – Here’s Why

Vishay Intertechnology, Inc. (NYSE:VSH)’s stock price fell 6.6% during mid-day trading on Thursday . The company traded as low as $36.96 and last traded at $37.7710. Approximately 1,004,712 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 4,462,668 shares. The stock had previously closed at $40.45.

Analysts Set New Price Targets

VSH has been the subject of a number of research reports. Zacks Research raised shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Wall Street Zen cut shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Weiss Ratings raised shares of Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Finally, Bank of America raised their target price on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Vishay Intertechnology Price Performance

The company has a 50 day moving average price of $50.01 and a 200-day moving average price of $30.37. 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 $5.02 billion, a price-to-earnings ratio of 3,688.50 and a beta of 1.76.

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. The firm had revenue of $839.24 million for the quarter, compared to analyst estimates of $823.54 million. Vishay Intertechnology had a net margin of 0.07% and a return on equity of 0.22%. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.03) EPS. As a group, equities research analysts predict that Vishay Intertechnology, Inc. will post 0.75 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 18th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, June 18th. Vishay Intertechnology’s dividend payout ratio is presently 4,000.00%.

Institutional Investors Weigh In On Vishay Intertechnology

Large investors have recently modified their holdings of the company. Carolina Wealth Advisors LLC acquired a new stake in shares of Vishay Intertechnology during the 2nd quarter worth approximately $32,000. FNY Investment Advisers LLC bought a new position in Vishay Intertechnology during the second quarter worth $443,000. GAMMA Investing LLC grew its holdings in Vishay Intertechnology by 8.2% in the second quarter. GAMMA Investing LLC now owns 9,261 shares of the semiconductor company’s stock worth $498,000 after purchasing an additional 702 shares during the period. Somerset Trust Co acquired a new stake in Vishay Intertechnology in the second quarter worth $256,000. Finally, NewEdge Advisors LLC increased its stake in Vishay Intertechnology by 11,394.9% in the first quarter. NewEdge Advisors LLC now owns 175,412 shares of the semiconductor company’s stock valued at $3,157,000 after purchasing an additional 173,886 shares in the last quarter. 93.66% of the stock is currently owned by institutional investors and hedge funds.

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.