Vishay Intertechnology, Inc. (NYSE:VSH – Get Free Report)’s share price gapped up prior to trading 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 trading hands.
Wall Street Analysts Forecast Growth
VSH has been the subject of a number of analyst reports. Weiss Ratings raised shares of Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Wall Street Zen downgraded shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. 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. Finally, Zacks Research raised Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vishay Intertechnology presently has a consensus rating of “Moderate Buy” and an average target price of $24.00.
Read Our Latest Stock Analysis on VSH
Vishay Intertechnology Stock Performance
Vishay Intertechnology (NYSE:VSH – Get Free Report) last released its quarterly earnings data 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 company had revenue of $839.24 million during the quarter, compared to analysts’ expectations of $823.54 million. During the same period last year, the firm posted ($0.03) earnings per share. The business’s revenue was up 17.3% on a year-over-year basis. As a group, analysts forecast that Vishay Intertechnology, Inc. will post 0.75 earnings per share for the current year.
Vishay Intertechnology Announces Dividend
The firm 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, June 18th. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 4,000.00%.
Hedge Funds Weigh In On Vishay Intertechnology
Several institutional investors and hedge funds have recently made changes to their positions in VSH. T. Rowe Price Investment Management Inc. acquired a new position in shares of Vishay Intertechnology in the fourth quarter valued at approximately $25,009,000. Woodline Partners LP grew its position in shares of Vishay Intertechnology by 25.3% in the third quarter. Woodline Partners LP now owns 6,813,765 shares of the semiconductor company’s stock valued at $104,251,000 after purchasing an additional 1,377,356 shares during the last quarter. Jain Global LLC grew its position in shares of Vishay Intertechnology by 841.5% in the fourth quarter. Jain Global LLC now owns 910,143 shares of the semiconductor company’s stock valued at $13,188,000 after purchasing an additional 813,472 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Vishay Intertechnology in the third quarter valued at approximately $12,306,000. Finally, Two Sigma Investments LP grew its position in shares of Vishay Intertechnology by 1,440.5% in the third quarter. Two Sigma Investments LP now owns 844,508 shares of the semiconductor company’s stock valued at $12,921,000 after purchasing an additional 789,686 shares during the last quarter. Institutional investors and hedge funds own 93.66% of the company’s stock.
About Vishay Intertechnology
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.
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