Vishay Intertechnology (NYSE:VSH) Shares Up 6.9% – Here’s What Happened

Vishay Intertechnology, Inc. (NYSE:VSH)’s stock price traded up 6.9% during trading on Friday. The company traded as high as $36.78 and last traded at $36.6240. Approximately 697,407 shares changed hands during trading, a decline of 84% from the average session volume of 4,383,531 shares. The stock had previously closed at $34.27.

Wall Street Analysts Forecast Growth

VSH has been the topic of several analyst reports. Needham & Company LLC initiated coverage on shares of Vishay Intertechnology in a report on Tuesday, August 4th. They issued a “buy” rating and a $45.00 price objective on the stock. Zacks Research downgraded shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Truist Financial initiated coverage on Vishay Intertechnology in a research report on Thursday, September 3rd. They set a “buy” rating and a $42.00 price target on the stock. Raymond James Financial initiated coverage on Vishay Intertechnology in a research note on Tuesday, August 4th. They set an “outperform” rating and a $40.00 price objective on the stock. Finally, Oppenheimer initiated coverage on Vishay Intertechnology in a report on Tuesday, September 15th. They issued an “outperform” rating and a $42.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.17.

Vishay Intertechnology Price Performance

The company has a current ratio of 1.80, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average of $32.68 and a 200-day moving average of $36.40. The firm has a market capitalization of $5.89 billion, a P/E ratio of 201.92, a P/E/G ratio of 3.84 and a beta of 1.79.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data 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 firm had revenue of $918.58 million for the quarter, compared to analysts’ expectations of $897.03 million. During the same quarter last year, the business earned ($0.07) EPS. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, sell-side analysts predict that Vishay Intertechnology, Inc. will post 0.85 EPS for the current year.

Vishay Intertechnology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were paid a $0.10 dividend. The ex-dividend date was Thursday, September 10th. This represents a $0.40 annualized dividend and a yield of 1.0%. Vishay Intertechnology’s payout ratio is 210.53%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Andar Capital Management HK Ltd acquired a new stake in shares of Vishay Intertechnology in the second quarter valued at approximately $160,000,000. Dimensional Fund Advisors LP increased its position in shares of Vishay Intertechnology by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 7,102,376 shares of the semiconductor company’s stock worth $127,830,000 after purchasing an additional 208,472 shares during the period. Deprince Race & Zollo Inc. raised its stake in Vishay Intertechnology by 8.4% in the first quarter. Deprince Race & Zollo Inc. now owns 3,181,050 shares of the semiconductor company’s stock valued at $57,259,000 after purchasing an additional 247,060 shares in the last quarter. Valliance Asset Management Ltd acquired a new position in Vishay Intertechnology in the second quarter valued at about $146,405,000. Finally, Needham Investment Management LLC lifted its position in Vishay Intertechnology by 29.8% during the fourth quarter. Needham Investment Management LLC now owns 2,375,000 shares of the semiconductor company’s stock worth $34,414,000 after purchasing an additional 545,650 shares during the period. Institutional investors and hedge funds own 93.66% of the company’s stock.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc (NYSE:VSH) is a manufacturer of electronic components used in a broad range of electrical and electronic systems. Its portfolio includes passive components such as resistors, capacitors, inductors and sensors, as well as semiconductor products including diodes, rectifiers, MOSFETs and optoelectronic devices.

The company’s products support applications in automotive, industrial, computing, telecommunications, consumer electronics, medical equipment, aerospace and defense.