Vishay Intertechnology (NYSE:VSH) Shares Gap Up – Still a Buy?

Vishay Intertechnology, Inc. (NYSE:VSH) shares gapped up prior to trading on Monday . The stock had previously closed at $64.90, but opened at $68.46. Vishay Intertechnology shares last traded at $64.6250, with a volume of 1,598,187 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on VSH. Wall Street Zen downgraded Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Zacks Research raised Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Bank of America raised their price objective on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings raised shares of Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Vishay Intertechnology has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Vishay Intertechnology Trading Down 8.4%

The firm has a market cap of $8.01 billion, a P/E ratio of 5,887.00 and a beta of 1.76. The company’s 50 day moving average is $43.34 and its two-hundred day moving average is $26.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.64 and a quick ratio of 1.53.

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 the consensus estimate of $0.03 by $0.02. The firm had revenue of $839.24 million for the quarter, compared to analyst estimates of $823.54 million. Vishay Intertechnology had a return on equity of 0.22% and a net margin of 0.07%.The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.03) earnings per share. On average, sell-side analysts predict that Vishay Intertechnology, Inc. will post 0.75 earnings per share for the current year.

Vishay Intertechnology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Thursday, June 18th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.7%. Vishay Intertechnology’s payout ratio is currently 4,000.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. acquired a new position in shares of Vishay Intertechnology in the 4th quarter valued at $25,009,000. Woodline Partners LP boosted its position in shares of Vishay Intertechnology by 25.3% during the 3rd quarter. Woodline Partners LP now owns 6,813,765 shares of the semiconductor company’s stock valued at $104,251,000 after acquiring an additional 1,377,356 shares in the last quarter. Jain Global LLC increased its stake in Vishay Intertechnology by 841.5% in the fourth quarter. Jain Global LLC now owns 910,143 shares of the semiconductor company’s stock valued at $13,188,000 after acquiring an additional 813,472 shares during the period. Tudor Investment Corp ET AL bought a new position in Vishay Intertechnology during the third quarter worth about $12,306,000. Finally, Two Sigma Investments LP raised its holdings in shares of Vishay Intertechnology by 1,440.5% in the 3rd quarter. Two Sigma Investments LP now owns 844,508 shares of the semiconductor company’s stock worth $12,921,000 after buying an additional 789,686 shares in the last quarter. 93.66% of the stock is owned by 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.