Vishay Intertechnology (NYSE:VSH) Shares Gap Up – Here’s Why

Shares of Vishay Intertechnology, Inc. (NYSE:VSH) gapped up before the market opened on Tuesday . The stock had previously closed at $57.22, but opened at $61.98. Vishay Intertechnology shares last traded at $63.8260, with a volume of 4,007,387 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VSH. Bank of America boosted their target price on 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 upgraded Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Zacks Research upgraded Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Wall Street Zen downgraded Vishay Intertechnology from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Argus upgraded Vishay Intertechnology to a “strong-buy” rating in a research note on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.00.

Vishay Intertechnology Trading Down 2.8%

The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.53 and a current ratio of 2.64. The company has a 50 day simple moving average of $34.17 and a two-hundred day simple moving average of $22.99. The firm has a market cap of $7.57 billion, a PE ratio of 5,568.10 and a beta of 1.76.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings results on Wednesday, May 13th. The semiconductor company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $839.24 million for the quarter, compared to the consensus estimate of $823.54 million. Vishay Intertechnology had a return on equity of 0.22% and a net margin of 0.07%.The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.03) EPS. Analysts expect that Vishay Intertechnology, Inc. will post 0.75 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Thursday, June 18th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, June 18th. Vishay Intertechnology’s payout ratio is 4,000.00%.

Hedge Funds Weigh In On Vishay Intertechnology

Several institutional investors and hedge funds have recently modified their holdings of VSH. T. Rowe Price Investment Management Inc. acquired a new position in shares of Vishay Intertechnology in the 4th quarter valued at about $25,009,000. Woodline Partners LP lifted 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 valued at $104,251,000 after buying an additional 1,377,356 shares during the period. Jain Global LLC lifted its holdings in shares of Vishay Intertechnology by 841.5% in the 4th quarter. Jain Global LLC now owns 910,143 shares of the semiconductor company’s stock valued at $13,188,000 after buying an additional 813,472 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of Vishay Intertechnology in the 3rd quarter valued at about $12,306,000. Finally, Two Sigma Investments LP lifted its holdings in shares of Vishay Intertechnology by 1,440.5% in the 3rd quarter. Two Sigma Investments LP now owns 844,508 shares of the semiconductor company’s stock valued at $12,921,000 after buying an additional 789,686 shares during the period. Institutional investors and hedge funds 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.