Investors Buy Large Volume of Call Options on Vishay Intertechnology (NYSE:VSH)

Vishay Intertechnology, Inc. (NYSE:VSH) saw some unusual options trading on Thursday. Investors purchased 8,488 call options on the company. This is an increase of 255% compared to the typical daily volume of 2,392 call options.

Analyst Upgrades and Downgrades

VSH has been the topic of a number of recent analyst reports. Bank of America boosted their price objective on Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a research note on Thursday, May 14th. Zacks Research raised Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Wall Street Zen raised Vishay Intertechnology from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings raised Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. upped their price target on Vishay Intertechnology from $14.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $24.00.

Institutional Trading of Vishay Intertechnology

Hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings in shares of Vishay Intertechnology by 709.5% in the third quarter. Jones Financial Companies Lllp now owns 1,797 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 1,575 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in Vishay Intertechnology by 212.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 1,402 shares during the period. Quarry LP purchased a new position in Vishay Intertechnology during the 3rd quarter valued at about $39,000. Empowered Funds LLC purchased a new position in Vishay Intertechnology during the 4th quarter valued at about $57,000. Finally, Hantz Financial Services Inc. increased its holdings in Vishay Intertechnology by 255.8% during the 4th quarter. Hantz Financial Services Inc. now owns 5,124 shares of the semiconductor company’s stock valued at $74,000 after purchasing an additional 3,684 shares during the period. 93.66% of the stock is currently owned by institutional investors.

Vishay Intertechnology Stock Performance

VSH stock traded up $0.67 during midday trading on Thursday, hitting $64.64. The company’s stock had a trading volume of 6,455,115 shares, compared to its average volume of 3,449,108. The stock’s 50-day moving average price is $31.68 and its 200 day moving average price is $22.01. The company has a quick ratio of 1.53, a current ratio of 2.64 and a debt-to-equity ratio of 0.47. Vishay Intertechnology has a 1 year low of $11.77 and a 1 year high of $66.07. The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 6,451.60 and a beta of 1.76.

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

Vishay Intertechnology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Thursday, June 18th will be paid a $0.10 dividend. The ex-dividend date is Thursday, June 18th. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. Vishay Intertechnology’s payout ratio is presently 4,000.00%.

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.