Vishay Intertechnology (NYSE:VSH) Shares Down 6.6% – Should You Sell?

Vishay Intertechnology, Inc. (NYSE:VSH) shares fell 6.6% on Thursday . The company traded as low as $36.96 and last traded at $37.7710. Approximately 1,004,712 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 4,462,668 shares. The stock had previously closed at $40.45.

Wall Street Analysts Forecast Growth

VSH has been the subject of a number of analyst reports. Zacks Research upgraded shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Weiss Ratings upgraded Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Wall Street Zen downgraded Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Bank of America lifted their price target on Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a report on Thursday, May 14th. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $24.00.

Vishay Intertechnology Stock Performance

The company has a quick ratio of 1.53, a current ratio of 2.64 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average of $50.15 and a 200-day moving average of $30.57. The stock has a market capitalization of $5.13 billion, a price-to-earnings ratio of 3,770.60 and a beta of 1.76.

Vishay Intertechnology (NYSE:VSH) last announced its earnings results on Wednesday, May 13th. The semiconductor company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Vishay Intertechnology had a return on equity of 0.22% and a net margin of 0.07%.The firm had revenue of $839.24 million for the quarter, compared to analysts’ expectations of $823.54 million. During the same quarter in the prior year, the firm earned ($0.03) EPS. Vishay Intertechnology’s quarterly revenue was up 17.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Vishay Intertechnology, Inc. will post 0.75 EPS 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 issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, June 18th. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 4,000.00%.

Institutional Trading of Vishay Intertechnology

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. lifted its position in 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 bought a new stake in shares of Vishay Intertechnology during the second quarter valued at about $32,000. Quarry LP acquired a new stake in Vishay Intertechnology in the third quarter worth about $39,000. Empowered Funds LLC bought a new position in Vishay Intertechnology in the 4th quarter valued at about $57,000. Finally, Hantz Financial Services Inc. increased its stake in Vishay Intertechnology by 255.8% during the 4th quarter. Hantz Financial Services Inc. now owns 5,124 shares of the semiconductor company’s stock valued at $74,000 after buying an additional 3,684 shares during the period. Institutional investors own 93.66% of the company’s stock.

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.