Vishay Intertechnology (NYSE:VSH) Stock Price Down 8.3% – Should You Sell?

Vishay Intertechnology, Inc. (NYSE:VSH)’s share price was down 8.3% on Tuesday . The company traded as low as $32.46 and last traded at $32.6120. 511,327 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 4,562,277 shares. The stock had previously closed at $35.58.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Weiss Ratings raised shares of Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Bank of America upped their price objective on Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a research report on Thursday, May 14th. Needham & Company LLC assumed coverage on Vishay Intertechnology in a report on Tuesday, August 4th. They issued a “buy” rating and a $45.00 target price for the company. Raymond James Financial began coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They set an “outperform” rating and a $40.00 target price on the stock. Finally, Wall Street Zen upgraded Vishay Intertechnology from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vishay Intertechnology presently has a consensus rating of “Hold” and an average price target of $33.25.

Vishay Intertechnology Stock Down 4.7%

The firm has a market cap of $4.90 billion, a PE ratio of 168.11 and a beta of 1.81. The company has a 50-day simple moving average of $44.11 and a 200-day simple moving average of $33.61. 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 issued its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. The firm had revenue of $918.58 million during the quarter, compared to analyst estimates of $897.03 million. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%.Vishay Intertechnology’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the company earned ($0.07) EPS. Analysts expect that Vishay Intertechnology, Inc. will post 0.86 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. Vishay Intertechnology’s dividend payout ratio (DPR) is currently 210.53%.

Hedge Funds Weigh In On Vishay Intertechnology

Hedge funds have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. lifted its holdings in shares of 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 worth $30,000 after buying an additional 1,402 shares during the period. Carolina Wealth Advisors LLC purchased a new position in shares of Vishay Intertechnology during the second quarter valued at $32,000. Quarry LP bought a new stake in shares of Vishay Intertechnology in the third quarter valued at about $39,000. Rakuten Securities Inc. purchased a new stake in Vishay Intertechnology in the second quarter worth about $47,000. Finally, Allworth Financial LP purchased a new stake in Vishay Intertechnology in the second quarter worth about $54,000. 93.66% of the stock is currently owned by institutional investors.

Vishay Intertechnology Company Profile

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.