Vishay Intertechnology (NYSE:VSH) Shares Gap Down – Here’s Why

Vishay Intertechnology, Inc. (NYSE:VSHGet Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $56.28, but opened at $51.42. Vishay Intertechnology shares last traded at $51.9350, with a volume of 5,384,654 shares trading hands.

Wall Street Analysts Forecast Growth

VSH has been the topic of several research 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 note on Saturday, June 6th. Zacks Research upgraded shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Finally, Bank of America boosted their price objective on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given 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.

Check Out Our Latest Research Report on VSH

Vishay Intertechnology Stock Down 7.8%

The company has a current ratio of 2.64, a quick ratio of 1.53 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 5,220.60 and a beta of 1.76. The firm has a 50 day moving average price of $45.98 and a two-hundred day moving average price of $27.84.

Vishay Intertechnology (NYSE:VSHGet Free Report) last posted its earnings results on Wednesday, May 13th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $839.24 million during the quarter, compared to the consensus estimate 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 was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.03) EPS. On average, equities analysts expect that Vishay Intertechnology, Inc. will post 0.75 earnings per share for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Thursday, June 18th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, June 18th. Vishay Intertechnology’s dividend payout ratio (DPR) is currently 4,000.00%.

Institutional Trading of Vishay Intertechnology

A number of institutional investors have recently added to or reduced their stakes in VSH. Dana Investment Advisors Inc. lifted its stake in shares of Vishay Intertechnology by 30.4% during the fourth quarter. Dana Investment Advisors Inc. now owns 185,302 shares of the semiconductor company’s stock worth $2,685,000 after purchasing an additional 43,149 shares in the last quarter. Bernzott Capital Advisors raised its holdings in shares of Vishay Intertechnology by 12.9% during the 4th quarter. Bernzott Capital Advisors now owns 549,780 shares of the semiconductor company’s stock valued at $7,966,000 after buying an additional 62,753 shares during the period. Tudor Investment Corp ET AL purchased a new stake in shares of Vishay Intertechnology during the 3rd quarter valued at about $12,306,000. UBS Group AG lifted its position in Vishay Intertechnology by 173.0% during the 4th quarter. UBS Group AG now owns 995,668 shares of the semiconductor company’s stock worth $14,427,000 after acquiring an additional 630,917 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Vishay Intertechnology by 355.0% during the 4th quarter. SG Americas Securities LLC now owns 149,461 shares of the semiconductor company’s stock worth $2,166,000 after acquiring an additional 116,609 shares in the last quarter. 93.66% of the stock is owned by hedge funds and other institutional investors.

About Vishay Intertechnology

(Get Free Report)

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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