Vishay Intertechnology (NYSE:VSH) Shares Gap Down – Should You Sell?

Vishay Intertechnology, Inc. (NYSE:VSH) shares gapped down prior to trading on Thursday . The stock had previously closed at $63.97, but opened at $59.50. Vishay Intertechnology shares last traded at $59.5870, with a volume of 2,263,353 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Argus upgraded Vishay Intertechnology to a “strong-buy” rating in a report on Monday, February 9th. Zacks Research upgraded Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Bank of America raised their price objective on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a research note on Thursday, May 14th. Weiss Ratings raised shares of Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Vishay Intertechnology from $14.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Vishay Intertechnology Trading Up 1.1%

The firm has a market cap of $8.80 billion, a price-to-earnings ratio of 6,464.40 and a beta of 1.76. The business’s 50 day moving average price is $31.68 and its 200-day moving average price is $22.01. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.53 and a current ratio of 2.64.

Vishay Intertechnology (NYSE:VSH) last issued its earnings results on Wednesday, May 13th. The semiconductor company reported $0.05 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $823.54 million. During the same quarter last year, the firm earned ($0.03) EPS. The business’s revenue was up 17.3% on a year-over-year basis. Equities analysts expect that Vishay Intertechnology, Inc. will post 0.75 EPS for the current year.

Vishay Intertechnology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Thursday, June 18th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, June 18th. Vishay Intertechnology’s dividend payout ratio is presently 4,000.00%.

Institutional Investors Weigh In On Vishay Intertechnology

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Vishay Intertechnology by 2.3% in the third quarter. Vanguard Group Inc. now owns 16,617,109 shares of the semiconductor company’s stock valued at $254,242,000 after acquiring an additional 375,378 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Vishay Intertechnology by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,102,376 shares of the semiconductor company’s stock valued at $127,830,000 after purchasing an additional 208,472 shares during the period. Woodline Partners LP boosted its holdings in shares of Vishay Intertechnology by 25.3% in the 3rd quarter. Woodline Partners LP now owns 6,813,765 shares of the semiconductor company’s stock worth $104,251,000 after buying an additional 1,377,356 shares during the last quarter. American Century Companies Inc. raised its position in Vishay Intertechnology by 0.9% in the third quarter. American Century Companies Inc. now owns 4,180,606 shares of the semiconductor company’s stock worth $63,963,000 after acquiring an additional 36,791 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its stake in Vishay Intertechnology by 8.4% in the first quarter. Deprince Race & Zollo Inc. now owns 3,181,050 shares of the semiconductor company’s stock valued at $57,259,000 after acquiring an additional 247,060 shares during the last quarter. Institutional investors 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.