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

Vishay Intertechnology, Inc. (NYSE:VSH)’s stock price 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 changing hands.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VSH. Wall Street Zen lowered shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Bank of America upped their price objective 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. Zacks Research upgraded shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings raised Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Vishay Intertechnology Price Performance

The stock has a market cap of $6.98 billion, a P/E ratio of 5,124.60 and a beta of 1.76. 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 company’s fifty day simple moving average is $47.03 and its 200-day simple moving average is $28.36.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Wednesday, May 13th. The semiconductor company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Vishay Intertechnology had a net margin of 0.07% and a return on equity of 0.22%. The company had revenue of $839.24 million during the quarter, compared to the consensus estimate of $823.54 million. During the same period last year, the firm earned ($0.03) EPS. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Vishay Intertechnology, Inc. will post 0.75 EPS for the current year.

Vishay Intertechnology Announces Dividend

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

Institutional Investors Weigh In On Vishay Intertechnology

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

Vishay Intertechnology Company Profile

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.