Vishay Intertechnology (NYSE:VSH) Trading 10% Higher – Still a Buy?

Vishay Intertechnology, Inc. (NYSE:VSH) rose 10% during trading on Wednesday . The company traded as high as $20.15 and last traded at $20.00. Approximately 1,634,330 shares traded hands during mid-day trading, an increase of 28% from the average daily volume of 1,276,466 shares. The stock had previously closed at $18.19.

Analyst Ratings Changes

VSH has been the subject of several recent research reports. StockNews.com upgraded shares of Vishay Intertechnology from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th. TD Cowen reduced their price objective on shares of Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating for the company in a research report on Thursday, August 8th.

Vishay Intertechnology Trading Up 3.7 %

The stock has a market cap of $2.56 billion, a PE ratio of 29.81 and a beta of 1.09. The company has a quick ratio of 1.85, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. The business’s fifty day moving average is $17.57 and its 200 day moving average is $20.37.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The firm had revenue of $735.35 million during the quarter, compared to analysts’ expectations of $748.84 million. Vishay Intertechnology had a net margin of 2.88% and a return on equity of 5.35%. The business’s quarterly revenue was down 13.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 earnings per share. As a group, analysts predict that Vishay Intertechnology, Inc. will post 0.55 earnings per share for the current year.

Vishay Intertechnology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Tuesday, December 3rd. Vishay Intertechnology’s dividend payout ratio is 64.52%.

Institutional Investors Weigh In On Vishay Intertechnology

Several hedge funds have recently bought and sold shares of VSH. BOKF NA purchased a new stake in Vishay Intertechnology in the 1st quarter worth about $299,000. Price T Rowe Associates Inc. MD increased its position in Vishay Intertechnology by 6.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 80,653 shares of the semiconductor company’s stock worth $1,830,000 after purchasing an additional 4,614 shares during the last quarter. Janus Henderson Group PLC increased its position in Vishay Intertechnology by 53.7% in the 1st quarter. Janus Henderson Group PLC now owns 747,269 shares of the semiconductor company’s stock worth $16,947,000 after purchasing an additional 261,175 shares during the last quarter. Tidal Investments LLC increased its position in Vishay Intertechnology by 118.2% in the 1st quarter. Tidal Investments LLC now owns 30,247 shares of the semiconductor company’s stock worth $686,000 after purchasing an additional 16,385 shares during the last quarter. Finally, EMC Capital Management increased its position in Vishay Intertechnology by 27.8% in the 1st quarter. EMC Capital Management now owns 16,094 shares of the semiconductor company’s stock worth $365,000 after purchasing an additional 3,500 shares during the last quarter. 93.66% of the stock is owned by hedge funds and other institutional investors.

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.