Vishay Intertechnology (NYSE:VSH) Shares Gap Down – What’s Next?

Vishay Intertechnology, Inc. (NYSE:VSH) shares gapped down prior to trading on Monday . The stock had previously closed at $44.67, but opened at $42.00. Vishay Intertechnology shares last traded at $42.2740, with a volume of 640,503 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Zacks Research raised Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Bank of America boosted their target price on Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a report on Thursday, May 14th. Weiss Ratings upgraded Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Finally, Wall Street Zen lowered Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Two equities 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Vishay Intertechnology Stock Down 0.6%

The company has a market cap of $5.67 billion, a P/E ratio of 4,168.90 and a beta of 1.76. The company’s 50-day moving average is $49.87 and its two-hundred day moving average is $30.19. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.64 and a quick ratio of 1.53.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Wednesday, May 13th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $823.54 million. During the same period in the prior year, the firm posted ($0.03) EPS. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. As a group, equities analysts predict that Vishay Intertechnology, Inc. will post 0.75 earnings per share for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Thursday, June 18th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend 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 bought and sold shares of the business. T. Rowe Price Investment Management Inc. bought a new position in Vishay Intertechnology during the fourth quarter valued at approximately $25,009,000. Woodline Partners LP grew its position in Vishay Intertechnology by 25.3% in the 3rd quarter. Woodline Partners LP now owns 6,813,765 shares of the semiconductor company’s stock worth $104,251,000 after purchasing an additional 1,377,356 shares during the period. Jain Global LLC raised its stake in Vishay Intertechnology by 841.5% during the 4th quarter. Jain Global LLC now owns 910,143 shares of the semiconductor company’s stock valued at $13,188,000 after buying an additional 813,472 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in Vishay Intertechnology during the 3rd quarter valued at $12,306,000. Finally, Two Sigma Investments LP lifted its holdings in shares of Vishay Intertechnology by 1,440.5% during the 3rd quarter. Two Sigma Investments LP now owns 844,508 shares of the semiconductor company’s stock valued at $12,921,000 after buying an additional 789,686 shares during the period. 93.66% of the stock is currently owned by 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.