Vishay Intertechnology, Inc. Declares Quarterly Dividend of $0.06 (VSH)
Vishay Intertechnology, Inc. (NYSE:VSH) announced a quarterly dividend on Tuesday, August 22nd, RTT News reports. Stockholders of record on Friday, September 15th will be paid a dividend of 0.0625 per share by the semiconductor company on Thursday, September 28th. This represents a $0.25 annualized dividend and a dividend yield of 1.48%.
Vishay Intertechnology has a payout ratio of 18.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Vishay Intertechnology to earn $1.38 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 18.1%.
Shares of Vishay Intertechnology (NYSE:VSH) traded up 0.90% during midday trading on Tuesday, hitting $16.85. 1,651,389 shares of the stock traded hands. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 31.97 and a beta of 1.22. The company’s 50 day moving average price is $17.41 and its 200-day moving average price is $16.61. Vishay Intertechnology has a 12-month low of $13.37 and a 12-month high of $18.55.
Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. The firm had revenue of $644.89 million for the quarter, compared to analysts’ expectations of $643.19 million. Vishay Intertechnology had a net margin of 3.34% and a return on equity of 9.89%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. On average, equities research analysts expect that Vishay Intertechnology will post $1.34 EPS for the current year.
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Vishay Intertechnology announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 2nd that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the semiconductor company to purchase up to 5.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
Several analysts recently issued reports on the stock. BidaskClub upgraded shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Stifel Nicolaus restated a “hold” rating and issued a $17.00 price objective on shares of Vishay Intertechnology in a report on Friday, July 14th. Zacks Investment Research upgraded shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a report on Friday, July 14th. Finally, ValuEngine upgraded shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $18.50.
Vishay Intertechnology Company Profile
Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five product segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors and Capacitors. MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs.
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