Vishay Intertechnology (NYSE:VSH) Trading Down 11% – Here’s What Happened

Vishay Intertechnology, Inc. (NYSE:VSH) shares traded down 11% on Thursday . The stock traded as low as $46.25 and last traded at $45.5880. Approximately 5,056,923 shares were traded during trading, an increase of 17% from the average session volume of 4,338,587 shares. The stock had previously closed at $51.21.

Wall Street Analysts Forecast Growth

VSH has been the topic of a number of recent analyst reports. Wall Street Zen lowered Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Zacks Research raised Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Bank of America boosted 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, Weiss Ratings upgraded Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Two research 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. Based on data from MarketBeat, Vishay Intertechnology presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Vishay Intertechnology Stock Performance

The firm’s 50 day simple moving average is $47.03 and its 200-day simple moving average is $28.36. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of 4,524.30 and a beta of 1.76. 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 business had revenue of $839.24 million during the quarter, compared to analysts’ expectations of $823.54 million. During the same quarter last year, the firm posted ($0.03) earnings per share. Vishay Intertechnology’s revenue was up 17.3% compared to the same quarter last year. Analysts expect that Vishay Intertechnology, Inc. will post 0.75 EPS for the current year.

Vishay Intertechnology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 18th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, June 18th. Vishay Intertechnology’s dividend payout ratio is currently 4,000.00%.

Hedge Funds Weigh In On Vishay Intertechnology

Institutional investors and hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. increased its holdings in shares of Vishay Intertechnology by 212.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 1,402 shares during the period. Quarry LP acquired a new stake in shares of Vishay Intertechnology during the third quarter worth approximately $39,000. Empowered Funds LLC acquired a new stake in shares of Vishay Intertechnology during the fourth quarter worth approximately $57,000. Hantz Financial Services Inc. grew its position in Vishay Intertechnology by 255.8% during the fourth quarter. Hantz Financial Services Inc. now owns 5,124 shares of the semiconductor company’s stock valued at $74,000 after purchasing an additional 3,684 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in Vishay Intertechnology in the 4th quarter valued at approximately $87,000. Hedge funds and other institutional investors own 93.66% of the company’s stock.

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.