Vishay Intertechnology (NYSE:VSH) Stock Price Down 11% – Here’s What Happened

Vishay Intertechnology, Inc. (NYSE:VSH)’s share price traded down 11% on Thursday . The stock traded as low as $46.25 and last traded at $45.5880. 5,056,923 shares traded hands during trading, an increase of 17% from the average daily volume of 4,338,587 shares. The stock had previously closed at $51.21.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Bank of America boosted their price target on Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a research report on Thursday, May 14th. Zacks Research raised Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Wall Street Zen cut shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Weiss Ratings raised shares of Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Vishay Intertechnology Stock Performance

The stock has a market cap of $6.15 billion, a P/E ratio of 4,524.30 and a beta of 1.76. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.64 and a quick ratio of 1.53. The company has a fifty day moving average of $47.03 and a 200 day moving average of $28.36.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings results on Wednesday, May 13th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Vishay Intertechnology had a return on equity of 0.22% and a net margin of 0.07%.The firm had revenue of $839.24 million during the quarter, compared to analyst estimates of $823.54 million. During the same period last year, the company posted ($0.03) EPS. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. On average, equities analysts predict that Vishay Intertechnology, Inc. will post 0.75 earnings per share for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 18th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.40 annualized dividend and a yield of 0.9%. Vishay Intertechnology’s dividend payout ratio (DPR) is currently 4,000.00%.

Institutional Investors Weigh In On Vishay Intertechnology

A number of institutional investors and hedge funds have recently bought and sold shares of VSH. Dimensional Fund Advisors LP grew its stake in shares of Vishay Intertechnology by 3.0% in the 1st 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 last quarter. Woodline Partners LP boosted its holdings in Vishay Intertechnology by 25.3% during the third quarter. Woodline Partners LP now owns 6,813,765 shares of the semiconductor company’s stock worth $104,251,000 after buying an additional 1,377,356 shares in the last quarter. American Century Companies Inc. boosted its holdings in Vishay Intertechnology by 0.9% during the third quarter. American Century Companies Inc. now owns 4,180,606 shares of the semiconductor company’s stock worth $63,963,000 after buying an additional 36,791 shares in the last quarter. Deprince Race & Zollo Inc. grew its position in 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 worth $57,259,000 after buying an additional 247,060 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Vishay Intertechnology by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 2,907,928 shares of the semiconductor company’s stock worth $42,144,000 after buying an additional 10,917 shares during the last quarter. 93.66% of the stock is owned by institutional investors and hedge funds.

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.