Vishay Intertechnology (NYSE:VSH) Stock Price Up 7.6% – Here’s Why

Shares of Vishay Intertechnology, Inc. (NYSE:VSH) were up 7.6% during mid-day trading on Wednesday . The company traded as high as $17.81 and last traded at $17.91. Approximately 1,606,902 shares traded hands during trading, an increase of 4% from the average daily volume of 1,539,271 shares. The stock had previously closed at $16.64.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. started coverage on Vishay Intertechnology in a research report on Monday, December 16th. They set a “neutral” rating and a $19.00 price objective for the company. StockNews.com lowered shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a research report on Tuesday.

Vishay Intertechnology Stock Up 9.7 %

The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 29.28 and a beta of 1.13. The business has a 50 day moving average of $17.30 and a 200 day moving average of $18.37. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 1.85.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The business had revenue of $735.35 million for the quarter, compared to the consensus estimate of $748.84 million. Vishay Intertechnology had a return on equity of 5.35% and a net margin of 2.88%. Vishay Intertechnology’s revenue was down 13.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 earnings per share. On average, equities analysts anticipate that Vishay Intertechnology, Inc. will post 0.56 EPS for the current year.

Vishay Intertechnology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend was Tuesday, December 3rd. Vishay Intertechnology’s payout ratio is 64.52%.

Insider Activity

In other Vishay Intertechnology news, Chairman Marc Zandman sold 20,359 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $16.71, for a total value of $340,198.89. Following the transaction, the chairman now directly owns 32,957 shares in the company, valued at $550,711.47. The trade was a 38.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 8.14% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VSH. Mountaineer Partners Management LLC boosted its stake in Vishay Intertechnology by 924.9% in the third quarter. Mountaineer Partners Management LLC now owns 20,844,077 shares of the semiconductor company’s stock worth $394,161,000 after purchasing an additional 18,810,325 shares in the last quarter. Cambiar Investors LLC bought a new position in shares of Vishay Intertechnology in the fourth quarter valued at about $13,173,000. Needham Investment Management LLC lifted its position in Vishay Intertechnology by 39.2% during the 3rd quarter. Needham Investment Management LLC now owns 1,260,000 shares of the semiconductor company’s stock worth $23,827,000 after buying an additional 355,000 shares in the last quarter. Bernzott Capital Advisors bought a new stake in Vishay Intertechnology during the 3rd quarter worth about $5,378,000. Finally, Charles Schwab Investment Management Inc. increased its position in Vishay Intertechnology by 17.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,709,994 shares of the semiconductor company’s stock valued at $32,336,000 after acquiring an additional 248,741 shares in the last quarter. 93.66% of the stock is owned by institutional investors and hedge funds.

About Vishay Intertechnology

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.