Vishay Intertechnology (NYSE:VSH) Trading 8.3% Higher – Here’s Why

Vishay Intertechnology, Inc. (NYSE:VSH) shares shot up 8.3% on Friday . The company traded as high as $33.85 and last traded at $33.9020. Approximately 523,251 shares changed hands during trading, a decline of 88% from the average session volume of 4,492,565 shares. The stock had previously closed at $31.29.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on VSH shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vishay Intertechnology in a report on Monday, August 24th. Truist Financial assumed coverage on Vishay Intertechnology in a report on Thursday, September 3rd. They set a “buy” rating and a $42.00 price target on the stock. Wall Street Zen downgraded Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Saturday, September 5th. Bank of America increased their target price on Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a research report on Thursday, May 14th. Finally, Zacks Research downgraded Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Vishay Intertechnology has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Vishay Intertechnology Trading Up 8.1%

The stock has a market cap of $5.19 billion, a P/E ratio of 178.00, a price-to-earnings-growth ratio of 3.73 and a beta of 1.80. The stock’s 50-day moving average is $35.40 and its two-hundred day moving average is $34.90. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.80 and a quick ratio of 1.27.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. The company had revenue of $918.58 million for the quarter, compared to the consensus estimate of $897.03 million. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. Vishay Intertechnology’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.07) EPS. Equities research analysts anticipate that Vishay Intertechnology, Inc. will post 0.85 EPS for the current year.

Vishay Intertechnology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.2%. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 210.53%.

Institutional Investors Weigh In On Vishay Intertechnology

A number of hedge funds have recently made changes to their positions in VSH. Hsbc Holdings PLC bought a new stake in Vishay Intertechnology in the first quarter worth about $574,000. Dimensional Fund Advisors LP grew its stake in shares of Vishay Intertechnology by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 7,102,376 shares of the semiconductor company’s stock valued at $127,830,000 after buying an additional 208,472 shares during the last quarter. SummitTX Capital L.P. bought a new position in shares of Vishay Intertechnology during the first quarter valued at approximately $2,555,000. Edgestream Partners L.P. raised its holdings in shares of Vishay Intertechnology by 127.4% in the first quarter. Edgestream Partners L.P. now owns 316,191 shares of the semiconductor company’s stock worth $5,691,000 after buying an additional 177,151 shares during the period. Finally, Situational Awareness LP purchased a new stake in shares of Vishay Intertechnology in the second quarter worth approximately $20,168,000. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc (NYSE:VSH) is a global manufacturer of electronic components used in a wide range of electrical and electronic systems. The company’s portfolio includes discrete semiconductors and passive components, such as diodes, MOSFETs, optoelectronic devices, resistors, capacitors, inductors, sensors, and transducers.

Vishay’s products are designed to support power management, signal processing, sensing, connectivity, and energy conversion applications. Its components are used in automotive systems, industrial equipment, computing and telecommunications hardware, consumer electronics, medical devices, aerospace and defense systems, and renewable energy and other infrastructure applications.

The company was founded in 1962 by physicist and inventor Felix Zandman and is headquartered in Malvern, Pennsylvania.