Vishay Intertechnology (NYSE:VSH) Shares Up 10% – Here’s Why

Vishay Intertechnology, Inc. (NYSE:VSH)’s stock price was up 10% during mid-day trading on Wednesday . The stock traded as high as $20.15 and last traded at $20.00. Approximately 1,634,330 shares traded hands during mid-day trading, an increase of 28% from the average daily volume of 1,276,466 shares. The stock had previously closed at $18.19.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VSH. StockNews.com upgraded Vishay Intertechnology from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th. TD Cowen dropped their price target on Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th.

Vishay Intertechnology Stock Up 3.7 %

The stock’s fifty day moving average price is $17.57 and its 200-day moving average price is $20.37. The company has a quick ratio of 1.85, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 29.81 and a beta of 1.09.

Vishay Intertechnology (NYSE:VSH) last issued its earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). Vishay Intertechnology had a net margin of 2.88% and a return on equity of 5.35%. The firm had revenue of $735.35 million during the quarter, compared to the consensus estimate of $748.84 million. During the same period in the previous year, the company posted $0.60 earnings per share. The firm’s revenue for the quarter was down 13.9% compared to the same quarter last year. On average, sell-side analysts predict that Vishay Intertechnology, Inc. will post 0.55 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Tuesday, December 3rd. Vishay Intertechnology’s payout ratio is 64.52%.

Institutional Investors Weigh In On Vishay Intertechnology

Several large investors have recently modified their holdings of VSH. Janus Henderson Group PLC increased its stake in shares of Vishay Intertechnology by 53.7% during the 1st quarter. Janus Henderson Group PLC now owns 747,269 shares of the semiconductor company’s stock worth $16,947,000 after purchasing an additional 261,175 shares during the last quarter. Poplar Forest Capital LLC purchased a new position in shares of Vishay Intertechnology in the second quarter valued at $21,160,000. Kovack Advisors Inc. purchased a new stake in shares of Vishay Intertechnology in the 3rd quarter valued at about $788,000. Vest Financial LLC boosted its holdings in shares of Vishay Intertechnology by 65.2% in the 3rd quarter. Vest Financial LLC now owns 82,528 shares of the semiconductor company’s stock worth $1,561,000 after purchasing an additional 32,559 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in Vishay Intertechnology by 2.5% during the third quarter. Fisher Asset Management LLC now owns 2,673,088 shares of the semiconductor company’s stock valued at $50,548,000 after acquiring an additional 66,268 shares during the last quarter. 93.66% of the stock is currently owned by institutional investors and hedge funds.

About Vishay Intertechnology

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.