Vishay Intertechnology (NYSE:VSH) Shares Gap Up Following Strong Earnings

Shares of Vishay Intertechnology, Inc. (NYSE:VSH) gapped up prior to trading on Wednesday after the company announced better than expected quarterly earnings. The stock had previously closed at $33.63, but opened at $36.39. Vishay Intertechnology shares last traded at $35.8360, with a volume of 2,103,652 shares.

The semiconductor company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. Vishay Intertechnology had a negative return on equity of 0.32% and a negative net margin of 0.29%.The firm had revenue of $839.24 million for the quarter, compared to analyst estimates of $823.54 million. During the same quarter in the previous year, the firm earned ($0.03) EPS. The business’s quarterly revenue was up 17.3% on a year-over-year basis.

Vishay Intertechnology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, March 12th. Vishay Intertechnology’s payout ratio is presently -571.43%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Vishay Intertechnology

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Vishay Intertechnology by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 16,617,109 shares of the semiconductor company’s stock valued at $254,242,000 after purchasing an additional 375,378 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Vishay Intertechnology by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 7,102,376 shares of the semiconductor company’s stock worth $127,830,000 after purchasing an additional 208,472 shares during the period. Woodline Partners LP raised its position in shares of Vishay Intertechnology by 25.3% in the third quarter. Woodline Partners LP now owns 6,813,765 shares of the semiconductor company’s stock valued at $104,251,000 after buying an additional 1,377,356 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Vishay Intertechnology by 0.9% in the third quarter. American Century Companies Inc. now owns 4,180,606 shares of the semiconductor company’s stock valued at $63,963,000 after buying an additional 36,791 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its stake in shares of Vishay Intertechnology by 8.4% in the first quarter. Deprince Race & Zollo Inc. now owns 3,181,050 shares of the semiconductor company’s stock valued at $57,259,000 after buying an additional 247,060 shares during the period. 93.66% of the stock is owned by institutional investors.

Vishay Intertechnology Stock Up 7.1%

The stock has a 50-day moving average of $22.25 and a 200-day moving average of $18.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.57. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of -514.00 and a beta of 1.53.

Vishay Intertechnology Company Profile

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.