Vishay Intertechnology, Inc. (NYSE:VSH) Declares $0.10 Quarterly Dividend

Vishay Intertechnology, Inc. (NYSE:VSH) announced a quarterly dividend on Wednesday, August 12th. Shareholders of record on Thursday, September 10th will be paid a dividend of 0.10 per share by the semiconductor company on Thursday, September 24th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 10th.

Vishay Intertechnology has raised its dividend payment by an average of 0.0%annually over the last three years. Vishay Intertechnology has a dividend payout ratio of 38.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Vishay Intertechnology to earn $1.65 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 24.2%.

Vishay Intertechnology Price Performance

Shares of VSH stock opened at $33.58 on Thursday. The stock has a 50 day moving average price of $46.56 and a 200 day moving average price of $33.08. Vishay Intertechnology has a 52-week low of $11.77 and a 52-week high of $69.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.80. The firm has a market capitalization of $4.57 billion, a P/E ratio of 176.75 and a beta of 1.81.

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. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%.The business had revenue of $918.58 million during the quarter, compared to the consensus estimate of $897.03 million. During the same period last year, the company earned ($0.07) earnings per share. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, sell-side analysts predict that Vishay Intertechnology will post 0.86 earnings per share for the current year.

Wall Street Analyst Weigh In

VSH has been the topic of several research analyst reports. Needham & Company LLC initiated coverage on Vishay Intertechnology in a research note on Tuesday, August 4th. They issued a “buy” rating and a $45.00 price objective on the stock. Zacks Research downgraded Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Bank of America raised their target price 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. Weiss Ratings upgraded shares of Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Finally, Wall Street Zen raised shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Vishay Intertechnology has a consensus rating of “Hold” and a consensus price target of $33.25.

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.