Vishay Intertechnology (NYSE:VSH) Shares Up 10% – What’s Next?

Shares of Vishay Intertechnology, Inc. (NYSE:VSH) traded up 10% on Wednesday . The stock traded as high as $20.15 and last traded at $20.00. 1,634,330 shares changed hands during mid-day trading, an increase of 28% from the average session volume of 1,276,466 shares. The stock had previously closed at $18.19.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. StockNews.com downgraded shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a research report on Wednesday. TD Cowen cut their price target on shares of Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating for the company in a report on Thursday, August 8th.

Vishay Intertechnology Price Performance

The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 30.58 and a beta of 1.09. The stock has a fifty day moving average of $17.58 and a two-hundred day moving average of $20.36. The company has a quick ratio of 1.85, a current ratio of 2.81 and a debt-to-equity ratio of 0.38.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). Vishay Intertechnology had a net margin of 2.88% and a return on equity of 5.35%. The company had revenue of $735.35 million during the quarter, compared to analysts’ expectations of $748.84 million. During the same quarter in the prior year, the business earned $0.60 EPS. The business’s revenue for the quarter was down 13.9% compared to the same quarter last year. On average, equities research analysts anticipate that Vishay Intertechnology, Inc. will post 0.55 earnings per share for the current year.

Vishay Intertechnology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.11%. The ex-dividend date is Tuesday, December 3rd. Vishay Intertechnology’s payout ratio is currently 64.52%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Matrix Trust Co purchased a new position in Vishay Intertechnology during the 3rd quarter valued at about $25,000. Massmutual Trust Co. FSB ADV raised its position in shares of Vishay Intertechnology by 173.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,367 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 868 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Vishay Intertechnology during the 2nd quarter worth approximately $45,000. Northwestern Mutual Wealth Management Co. grew its holdings in Vishay Intertechnology by 11,136.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,135 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 2,116 shares during the last quarter. Finally, Adirondack Trust Co. increased its position in Vishay Intertechnology by 71.4% during the third quarter. Adirondack Trust Co. now owns 4,800 shares of the semiconductor company’s stock worth $91,000 after buying an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 93.66% of the company’s stock.

Vishay Intertechnology Company Profile

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.