Vishay Intertechnology, Inc. (NYSE:VSH) Declares $0.10 Quarterly Dividend

Vishay Intertechnology, Inc. (NYSE:VSH) announced a quarterly dividend on Tuesday, May 20th, RTT News reports. Stockholders of record on Wednesday, June 18th will be given a dividend of 0.10 per share by the semiconductor company on Friday, June 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.69%.

Vishay Intertechnology has raised its dividend by an average of 1.3% per year over the last three years. Vishay Intertechnology has a payout ratio of 38.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Vishay Intertechnology to earn $1.67 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 24.0%.

Vishay Intertechnology Stock Down 0.9%

Shares of VSH traded down $0.13 during trading hours on Tuesday, hitting $14.88. The company had a trading volume of 1,170,961 shares, compared to its average volume of 1,788,739. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of -62.00 and a beta of 1.06. The firm has a fifty day moving average price of $13.88 and a 200-day moving average price of $16.10. Vishay Intertechnology has a 52-week low of $10.35 and a 52-week high of $24.69. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 2.70.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03). The business had revenue of $715.24 million during the quarter, compared to analyst estimates of $713.50 million. Vishay Intertechnology had a negative net margin of 1.06% and a positive return on equity of 3.06%. Vishay Intertechnology’s revenue was down 4.2% compared to the same quarter last year. During the same period last year, the business earned $0.22 EPS. On average, equities research analysts forecast that Vishay Intertechnology will post 0.53 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Marc Zandman sold 27,176 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $16.88, for a total value of $458,730.88. Following the sale, the chairman now owns 76,468 shares in the company, valued at approximately $1,290,779.84. This trade represents a 26.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David Mcconnell bought 2,000 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were bought at an average price of $14.69 per share, with a total value of $29,380.00. Following the completion of the purchase, the chief financial officer now owns 53,501 shares in the company, valued at approximately $785,929.69. The trade was a 3.88% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 13,000 shares of company stock worth $193,280. 8.32% of the stock is owned by corporate insiders.

Institutional Trading of Vishay Intertechnology

Hedge funds have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in 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 worth $3,977,000 after purchasing an additional 12,547 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Vishay Intertechnology by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,123 shares of the semiconductor company’s stock worth $1,179,000 after purchasing an additional 2,250 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of Vishay Intertechnology by 26.6% in the 1st quarter. Royal Bank of Canada now owns 71,823 shares of the semiconductor company’s stock worth $1,142,000 after purchasing an additional 15,079 shares during the period. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Vishay Intertechnology from a “hold” rating to a “sell” rating in a research note on Saturday, May 10th.

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.