Vishay Intertechnology (NYSE:VSH) Trading Down 9.2% – What’s Next?

Vishay Intertechnology, Inc. (NYSE:VSH) shares dropped 9.2% during trading on Wednesday . The company traded as low as $34.85 and last traded at $35.29. 1,742,995 shares changed hands during trading, a decline of 62% from the average session volume of 4,567,810 shares. The stock had previously closed at $38.85.

Analyst Ratings Changes

Several research analysts recently weighed in on VSH shares. Needham & Company LLC assumed coverage on shares of Vishay Intertechnology in a research note on Tuesday. They issued a “buy” rating and a $45.00 target price for the company. Raymond James Financial started coverage on shares of Vishay Intertechnology in a research note on Tuesday. They set an “outperform” rating and a $40.00 price target on the stock. Bank of America lifted their price target on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a report on Thursday, May 14th. Weiss Ratings raised shares of Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Finally, Zacks Research downgraded shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $33.25.

Vishay Intertechnology Stock Performance

The firm has a market cap of $4.79 billion, a PE ratio of 184.74 and a beta of 1.81. The stock has a 50-day moving average price of $48.54 and a 200 day moving average price of $32.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.80 and a quick ratio of 1.53.

Vishay Intertechnology (NYSE:VSH) last released its earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.04. The firm had revenue of $918.58 million for the quarter, compared to the consensus estimate of $897.03 million. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%.The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.07) earnings per share. Research analysts forecast that Vishay Intertechnology, Inc. will post 0.75 earnings per share for the current year.

Vishay Intertechnology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 18th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.40 annualized dividend and a dividend yield of 1.1%. Vishay Intertechnology’s dividend payout ratio (DPR) is currently 4,000.00%.

Institutional Investors Weigh In On Vishay Intertechnology

A number of institutional investors have recently bought and sold shares of VSH. Rockefeller Capital Management L.P. boosted 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 last quarter. Carolina Wealth Advisors LLC acquired a new stake in shares of Vishay Intertechnology during the 2nd quarter worth $32,000. Quarry LP purchased a new position in shares of Vishay Intertechnology in the 3rd quarter worth $39,000. Empowered Funds LLC purchased a new position in shares of Vishay Intertechnology in the 4th quarter worth $57,000. Finally, Hantz Financial Services Inc. boosted its holdings in Vishay Intertechnology by 255.8% in the fourth quarter. Hantz Financial Services Inc. now owns 5,124 shares of the semiconductor company’s stock valued at $74,000 after acquiring an additional 3,684 shares during the last quarter. 93.66% of the stock is currently owned by hedge funds and other 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.