Stock Traders Buy Large Volume of Call Options on Vishay Intertechnology (NYSE:VSH)

Vishay Intertechnology, Inc. (NYSE:VSH) was the target of unusually large options trading activity on Tuesday. Traders acquired 7,605 call options on the stock. This is an increase of 874% compared to the average daily volume of 781 call options.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VSH. Zacks Research raised shares of Vishay Intertechnology from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Argus raised shares of Vishay Intertechnology to a “strong-buy” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. boosted their price target on shares of Vishay Intertechnology from $14.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Bank of America boosted their price target on shares of Vishay Intertechnology from $14.00 to $16.00 and gave the stock an “underperform” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Vishay Intertechnology in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $18.00.

Vishay Intertechnology Price Performance

VSH stock opened at $38.54 on Thursday. The firm’s 50-day moving average price is $22.63 and its two-hundred day moving average price is $18.66. Vishay Intertechnology has a 12-month low of $11.77 and a 12-month high of $40.07. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of -550.48 and a beta of 1.53. The company has a current ratio of 2.62, a quick ratio of 1.57 and a debt-to-equity ratio of 0.46.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Wednesday, May 13th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Vishay Intertechnology had a negative net margin of 0.29% and a negative return on equity of 0.32%. The firm had revenue of $839.24 million for the quarter, compared to analysts’ expectations of $823.54 million. During the same quarter in the previous year, the company earned ($0.03) earnings per share. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, equities analysts predict that Vishay Intertechnology will post 0.52 earnings per share for the current year.

Vishay Intertechnology News Summary

Here are the key news stories impacting Vishay Intertechnology this week:

• Positive Sentiment: Vishay beat Q1 expectations with revenue of $839.2 million and EPS of $0.05, while gross margin improved to 21.0% and book-to-bill reached 1.34, suggesting healthy demand and better operating momentum. Article Title
• Positive Sentiment: Management guided second-quarter revenue to $875 million-$905 million and expects gross margin around 22%, which is above the Street’s estimate and points to continued sequential improvement. Article Title
• Positive Sentiment: Investors also reacted to Vishay’s “Vishay 3.0” strategy, which includes capacity expansion in higher-growth, higher-margin products and appears to be supporting stronger backlog and future revenue growth. Article Title
• Neutral Sentiment: The company also launched new PAR and TRANSZORB TVS devices with 3000W power dissipation in a compact package, which is a positive product-development signal but unlikely to be a near-term earnings driver on its own. Article Title
• Neutral Sentiment: Options activity picked up sharply, with traders buying a large volume of call options, adding to the bullish tone around the stock. Article Title

Hedge Funds Weigh In On Vishay Intertechnology

Several hedge funds and other institutional investors have recently modified their holdings of VSH. Royal Bank of Canada increased its position in shares of Vishay Intertechnology by 26.6% during the first quarter. Royal Bank of Canada now owns 71,823 shares of the semiconductor company’s stock valued at $1,142,000 after buying an additional 15,079 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Vishay Intertechnology by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,123 shares of the semiconductor company’s stock valued at $1,179,000 after buying an additional 2,250 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Vishay Intertechnology by 5.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 250,154 shares of the semiconductor company’s stock valued at $3,977,000 after buying an additional 12,547 shares during the period. AXA S.A. increased its position in shares of Vishay Intertechnology by 13.5% during the second quarter. AXA S.A. now owns 176,254 shares of the semiconductor company’s stock valued at $2,799,000 after buying an additional 20,950 shares during the period. Finally, Quantinno Capital Management LP increased its position in shares of Vishay Intertechnology by 132.4% during the second quarter. Quantinno Capital Management LP now owns 52,791 shares of the semiconductor company’s stock valued at $838,000 after buying an additional 30,075 shares during the period. Hedge funds and other institutional investors own 93.66% of the company’s stock.

About Vishay Intertechnology

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.