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

Vishay Intertechnology, Inc. (NYSE:VSH)’s stock price shot up 11% during mid-day trading on Tuesday. The company traded as high as $29.16 and last traded at $29.6580. 892,854 shares traded hands during trading, a decline of 80% from the average session volume of 4,355,825 shares. The stock had previously closed at $26.71.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Oppenheimer increased their price target on shares of Vishay Intertechnology from $42.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, October 8th. Wall Street Zen upgraded shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Weiss Ratings lowered Vishay Intertechnology from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 25th. Truist Financial began coverage on Vishay Intertechnology in a report on Thursday, September 3rd. They issued a “buy” rating and a $42.00 price objective on the stock. Finally, Needham & Company LLC began coverage on shares of Vishay Intertechnology in a research note on Tuesday, August 4th. They issued a “buy” rating and a $45.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $36.67.

Vishay Intertechnology Stock Performance

The business’s fifty day simple moving average is $31.74 and its 200-day simple moving average is $31.74. The company has a current ratio of 1.80, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The firm has a market cap of $4.53 billion, a P/E ratio of 156.04, a price-to-earnings-growth ratio of 3.15 and a beta of 1.79.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. The business had revenue of $918.58 million for the quarter, compared to analysts’ expectations of $897.03 million. During the same quarter in the prior year, the company earned ($0.07) earnings per share. The business’s revenue was up 16.6% compared to the same quarter last year. As a group, sell-side analysts expect that Vishay Intertechnology, Inc. will post 0.85 earnings per share for the current year.

Vishay Intertechnology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Thursday, September 10th. Vishay Intertechnology’s dividend payout ratio is currently 210.53%.

Insider Buying and Selling at Vishay Intertechnology

In other Vishay Intertechnology news, Director Raanan Zilberman sold 16,575 shares of the business’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $35.82, for a total value of $593,716.50. Following the completion of the transaction, the director directly owned 31,937 shares in the company, valued at approximately $1,143,983.34. The trade was a 34.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 8.35% of the company’s stock.

Institutional Trading of Vishay Intertechnology

A number of institutional investors and hedge funds have recently made changes to their positions in VSH. Andar Capital Management HK Ltd purchased a new position in Vishay Intertechnology during the second quarter worth about $160,000,000. Dimensional Fund Advisors LP raised its stake in shares of Vishay Intertechnology by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 7,102,376 shares of the semiconductor company’s stock valued at $127,830,000 after purchasing an additional 208,472 shares in the last quarter. Deprince Race & Zollo Inc. lifted its holdings in shares of Vishay Intertechnology by 8.4% during 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 acquiring an additional 247,060 shares during the period. Valliance Asset Management Ltd bought a new position in Vishay Intertechnology in the 2nd quarter valued at $146,405,000. Finally, Wellington Management Group LLP lifted its stake in Vishay Intertechnology by 7.6% in the second quarter. Wellington Management Group LLP now owns 2,312,220 shares of the semiconductor company’s stock valued at $124,351,000 after buying an additional 162,447 shares during the period. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

About Vishay Intertechnology

Vishay Intertechnology, Inc is a global manufacturer of electronic components used in industrial, automotive, computing, telecommunications, consumer electronics, aerospace and defense, and medical applications. The company’s portfolio includes passive components and semiconductor products that support power management, signal processing, sensing, connectivity and energy conversion.

Its products include resistors, capacitors, inductors, diodes, rectifiers, power MOSFETs, optoelectronic components, sensors, transducers and related power and circuit-protection devices.