Vishay Intertechnology (NYSE:VSH) Shares Down 8.3% – What’s Next?

Vishay Intertechnology, Inc. (NYSE:VSH) fell 8.3% during trading on Tuesday . The stock traded as low as $32.46 and last traded at $32.6120. Approximately 511,327 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 4,562,277 shares. The stock had previously closed at $35.58.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Zacks Research downgraded shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Wall Street Zen raised Vishay Intertechnology from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings raised Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Bank of America lifted their price objective on Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a report on Thursday, May 14th. Finally, Raymond James Financial started coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They set an “outperform” rating and a $40.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $33.25.

Vishay Intertechnology Stock Down 8.9%

The company has a market cap of $4.41 billion, a PE ratio of 170.75 and a beta of 1.81. The company has a quick ratio of 1.27, a current ratio of 1.80 and a debt-to-equity ratio of 0.08. The firm’s fifty day simple moving average is $45.07 and its 200-day simple moving average is $33.43.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. The business had revenue of $918.58 million during the quarter, compared to analysts’ expectations of $897.03 million. During the same period last year, the company posted ($0.07) EPS. The company’s revenue was up 16.6% on a year-over-year basis. As a group, equities research analysts expect that Vishay Intertechnology, Inc. will post 0.86 earnings per share for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, September 10th. Vishay Intertechnology’s dividend payout ratio is 210.53%.

Hedge Funds Weigh In On Vishay Intertechnology

A number of institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC acquired a new position in Vishay Intertechnology in the 1st quarter valued at about $574,000. Dimensional Fund Advisors LP grew its holdings in shares of Vishay Intertechnology by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 7,102,376 shares of the semiconductor company’s stock worth $127,830,000 after buying an additional 208,472 shares in the last quarter. SummitTX Capital L.P. purchased a new stake in shares of Vishay Intertechnology during the first quarter worth about $2,555,000. Edgestream Partners L.P. raised its position in shares of Vishay Intertechnology by 127.4% in the first quarter. Edgestream Partners L.P. now owns 316,191 shares of the semiconductor company’s stock valued at $5,691,000 after buying an additional 177,151 shares during the last quarter. Finally, Mizuho Markets Americas LLC raised its position in shares of Vishay Intertechnology by 71.0% in the first quarter. Mizuho Markets Americas LLC now owns 963,167 shares of the semiconductor company’s stock valued at $17,337,000 after buying an additional 399,800 shares during the last quarter. 93.66% of the stock is owned by institutional investors and hedge funds.

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.