Vishay Intertechnology Inc. (VSH) Shares Down 2.6%
Vishay Intertechnology Inc. (NYSE:VSH)’s share price was down 2.6% on Wednesday . The company traded as low as $11.77 and last traded at $11.84, with a volume of 617,507 shares trading hands. The stock had previously closed at $12.15.
Separately, Zacks Investment Research upgraded Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a research note on Friday, May 6th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Vishay Intertechnology presently has a consensus rating of “Hold” and a consensus price target of $10.75.
The firm’s market capitalization is $1.73 billion. The firm’s 50-day moving average is $12.77 and its 200 day moving average is $11.99.
Vishay Intertechnology (NYSE:VSH) last issued its earnings results on Tuesday, May 3rd. The company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. The business earned $571 million during the quarter, compared to analysts’ expectations of $559.16 million. The business’s revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 EPS. Equities research analysts forecast that Vishay Intertechnology Inc. will post $0.85 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 29th. Stockholders of record on Wednesday, June 15th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Monday, June 13th.
Several institutional investors have modified their holdings of VSH. Dimensional Fund Advisors LP increased its position in shares of Vishay Intertechnology by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,459,274 shares of the company’s stock worth $138,086,000 after buying an additional 127,135 shares in the last quarter. Victory Capital Management Inc. increased its stake in Vishay Intertechnology by 8.5% in the fourth quarter. Victory Capital Management Inc. now owns 2,026,595 shares of the company’s stock valued at $24,420,000 after buying an additional 158,072 shares during the period. Schroder Investment Management Group increased its stake in Vishay Intertechnology by 1.0% in the fourth quarter. Schroder Investment Management Group now owns 5,467,585 shares of the company’s stock valued at $65,884,000 after buying an additional 53,678 shares during the period. Morgan Stanley increased its stake in Vishay Intertechnology by 59.3% in the fourth quarter. Morgan Stanley now owns 210,620 shares of the company’s stock valued at $2,538,000 after buying an additional 78,387 shares during the period. Finally, Liberty Mutual Group Asset Management Inc. increased its stake in Vishay Intertechnology by 46.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 84,321 shares of the company’s stock valued at $1,016,000 after buying an additional 26,741 shares during the period.
Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five segments. The MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs. The Diodes segment’s products include rectifiers, small signal diodes, protection diodes, thyristors/silicon-controlled rectifiers (SCRs) and power modules.