Vishay Intertechnology, Inc. (VSH) to Issue Quarterly Dividend of $0.07 on December 21st
Vishay Intertechnology, Inc. (NYSE:VSH) announced a quarterly dividend on Wednesday, November 15th, RTT News reports. Stockholders of record on Thursday, December 7th will be given a dividend of 0.0675 per share by the semiconductor company on Thursday, December 21st. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Wednesday, December 6th. This is an increase from Vishay Intertechnology’s previous quarterly dividend of $0.06.
Vishay Intertechnology has a payout ratio of 19.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Vishay Intertechnology to earn $1.50 per share next year, which means the company should continue to be able to cover its $0.27 annual dividend with an expected future payout ratio of 18.0%.
Shares of Vishay Intertechnology (VSH) opened at $21.90 on Friday. The company has a current ratio of 4.33, a quick ratio of 3.44 and a debt-to-equity ratio of 0.38. Vishay Intertechnology has a 12-month low of $14.70 and a 12-month high of $23.45. The firm has a market cap of $3,410.47, a price-to-earnings ratio of 18.71, a P/E/G ratio of 0.81 and a beta of 1.19.
Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. Vishay Intertechnology had a net margin of 4.34% and a return on equity of 11.77%. The firm had revenue of $677.90 million during the quarter, compared to analysts’ expectations of $660.32 million. During the same period in the prior year, the company earned $0.25 EPS. The firm’s revenue was up 14.5% on a year-over-year basis. analysts anticipate that Vishay Intertechnology will post 1.4 earnings per share for the current year.
A number of analysts recently weighed in on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $17.00 price target on shares of Vishay Intertechnology in a research report on Monday, August 14th. BidaskClub downgraded shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Zacks Investment Research downgraded shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, Citigroup increased their target price on shares of Vishay Intertechnology from $16.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $20.33.
In other Vishay Intertechnology news, CEO Gerald Paul sold 50,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $21.37, for a total transaction of $1,068,500.00. Following the completion of the transaction, the chief executive officer now owns 162,986 shares of the company’s stock, valued at $3,483,010.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Abraham Ludomirski sold 20,000 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $21.79, for a total value of $435,800.00. Following the transaction, the director now directly owns 86,232 shares of the company’s stock, valued at approximately $1,878,995.28. The disclosure for this sale can be found here. Corporate insiders own 7.91% of the company’s stock.
Vishay Intertechnology Company Profile
Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five product segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors and Capacitors. MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs.
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