Traders Purchase Large Volume of Vishay Intertechnology Call Options (NYSE:VSH)

Vishay Intertechnology, Inc. (NYSE:VSH) saw unusually large options trading activity on Tuesday. Stock traders purchased 7,605 call options on the company. This represents an increase of 874% compared to the average volume of 781 call options.

Analysts Set New Price Targets

VSH has been the topic of a number of research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Vishay Intertechnology in a report on Wednesday, January 21st. Argus upgraded shares of Vishay Intertechnology to a “strong-buy” rating in a report on Monday, February 9th. JPMorgan Chase & Co. increased their target price on shares of Vishay Intertechnology from $14.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Bank of America increased their price objective on shares of Vishay Intertechnology from $14.00 to $16.00 and gave the company an “underperform” rating in a research report on Thursday, January 22nd. Finally, Zacks Research raised shares of Vishay Intertechnology from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.00.

Vishay Intertechnology Stock Down 3.5%

Shares of NYSE:VSH traded down $1.21 during trading hours on Tuesday, reaching $33.62. The stock had a trading volume of 5,768,171 shares, compared to its average volume of 2,611,524. Vishay Intertechnology has a 1 year low of $11.77 and a 1 year high of $35.34. The firm’s 50 day moving average is $21.95 and its 200-day moving average is $18.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.57 and a current ratio of 2.62. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of -479.23 and a beta of 1.53.

Vishay Intertechnology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, March 12th. Vishay Intertechnology’s dividend payout ratio (DPR) is -571.43%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. ProShare Advisors LLC grew its position in shares of Vishay Intertechnology by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 23,569 shares of the semiconductor company’s stock valued at $342,000 after buying an additional 699 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of Vishay Intertechnology by 0.3% in the 4th quarter. State of Alaska Department of Revenue now owns 248,135 shares of the semiconductor company’s stock valued at $3,595,000 after buying an additional 743 shares during the last quarter. KLP Kapitalforvaltning AS grew its position in shares of Vishay Intertechnology by 3.8% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 22,100 shares of the semiconductor company’s stock valued at $338,000 after buying an additional 800 shares during the last quarter. Corient Private Wealth LLC grew its position in shares of Vishay Intertechnology by 7.4% in the 2nd quarter. Corient Private Wealth LLC now owns 18,598 shares of the semiconductor company’s stock valued at $295,000 after buying an additional 1,288 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its position in shares of Vishay Intertechnology by 4.2% in the 3rd quarter. Verdence Capital Advisors LLC now owns 33,040 shares of the semiconductor company’s stock valued at $506,000 after buying an additional 1,335 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 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.