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

Vishay Intertechnology, Inc. (NYSE:VSH) saw some unusual options trading on Thursday. Investors purchased 8,488 call options on the company. This represents an increase of approximately 255% compared to the average volume of 2,392 call options.

Vishay Intertechnology Stock Up 1.1%

VSH traded up $0.67 during trading on Thursday, hitting $64.64. 6,455,115 shares of the company’s stock traded hands, compared to its average volume of 3,449,108. Vishay Intertechnology has a 12-month low of $11.77 and a 12-month high of $66.07. The company’s 50 day simple moving average is $31.68 and its two-hundred day simple moving average is $22.01. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 6,451.60 and a beta of 1.76. The company has a current ratio of 2.64, a quick ratio of 1.53 and a debt-to-equity ratio of 0.47.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Wednesday, May 13th. The semiconductor company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. Vishay Intertechnology had a return on equity of 0.22% and a net margin of 0.07%.The company had revenue of $839.24 million during the quarter, compared to the consensus estimate of $823.54 million. During the same period last year, the company earned ($0.03) EPS. Vishay Intertechnology’s revenue for the quarter was up 17.3% on a year-over-year basis. Analysts predict that Vishay Intertechnology will post 0.75 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Thursday, June 18th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, June 18th. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 4,000.00%.

Institutional Investors Weigh In On Vishay Intertechnology

Several large investors have recently bought and sold shares of VSH. ProShare Advisors LLC increased its stake in shares of Vishay Intertechnology by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 23,569 shares of the semiconductor company’s stock valued at $342,000 after acquiring an additional 699 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Vishay Intertechnology by 0.3% during the fourth quarter. State of Alaska Department of Revenue now owns 248,135 shares of the semiconductor company’s stock valued at $3,595,000 after acquiring an additional 743 shares during the period. Corient Private Wealth LLC grew its position in Vishay Intertechnology by 7.4% in the second quarter. Corient Private Wealth LLC now owns 18,598 shares of the semiconductor company’s stock worth $295,000 after buying an additional 1,288 shares during the last quarter. Verdence Capital Advisors LLC grew its position in Vishay Intertechnology by 4.2% in the fourth quarter. Verdence Capital Advisors LLC now owns 34,439 shares of the semiconductor company’s stock worth $499,000 after buying an additional 1,399 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in Vishay Intertechnology by 212.4% in the fourth 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 last quarter. 93.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Weiss Ratings upgraded Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Argus upgraded Vishay Intertechnology to a “strong-buy” rating in a report on Monday, February 9th. JPMorgan Chase & Co. boosted their price target on Vishay Intertechnology from $14.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Bank of America boosted their price target on Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a report on Thursday, May 14th. Finally, Wall Street Zen upgraded Vishay Intertechnology from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

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.