Vishay Intertechnology (NYSE:VSH) Trading Down 11% – What’s Next?

Vishay Intertechnology, Inc. (NYSE:VSH) shares were down 11% on Thursday . The stock traded as low as $46.25 and last traded at $45.5880. 5,056,923 shares were traded during trading, an increase of 17% from the average daily volume of 4,338,587 shares. The stock had previously closed at $51.21.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on VSH. Zacks Research raised Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Bank of America boosted their price target on Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings raised Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Vishay Intertechnology Price Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 2.64 and a quick ratio of 1.53. The business’s 50 day moving average price is $47.79 and its 200 day moving average price is $28.70. The stock has a market capitalization of $6.26 billion, a P/E ratio of 4,599.10 and a beta of 1.76.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings data on Wednesday, May 13th. The semiconductor company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Vishay Intertechnology had a net margin of 0.07% and a return on equity of 0.22%. The company had revenue of $839.24 million for the quarter, compared to the consensus estimate of $823.54 million. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. Sell-side analysts forecast that Vishay Intertechnology, Inc. will post 0.75 EPS for the current year.

Vishay Intertechnology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Thursday, June 18th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, June 18th. Vishay Intertechnology’s dividend payout ratio is presently 4,000.00%.

Hedge Funds Weigh In On Vishay Intertechnology

Institutional investors and hedge funds have recently modified their holdings of the company. ProShare Advisors LLC increased its position in 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 last quarter. State of Alaska Department of Revenue boosted its position in Vishay Intertechnology by 0.3% in the fourth quarter. State of Alaska Department of Revenue now owns 248,135 shares of the semiconductor company’s stock worth $3,595,000 after purchasing an additional 743 shares during the last quarter. Corient Private Wealth LLC boosted 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 purchasing an additional 1,288 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in shares of Vishay Intertechnology by 4.2% during the 4th quarter. Verdence Capital Advisors LLC now owns 34,439 shares of the semiconductor company’s stock valued at $499,000 after purchasing an additional 1,399 shares during the period. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Vishay Intertechnology by 212.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 1,402 shares during the period. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

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.