Vishay Intertechnology (NYSE:VSH) Shares Gap Up – Here’s Why

Vishay Intertechnology, Inc. (NYSE:VSH) gapped up before the market opened on Monday . The stock had previously closed at $16.65, but opened at $17.78. Vishay Intertechnology shares last traded at $17.60, with a volume of 235,933 shares trading hands.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Zacks Research lowered Vishay Intertechnology from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Vishay Intertechnology in a report on Wednesday, January 21st. JPMorgan Chase & Co. raised their target price on shares of Vishay Intertechnology from $14.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Bank of America boosted their target price on shares of Vishay Intertechnology from $14.00 to $16.00 and gave the stock an “underperform” rating in a report on Thursday, January 22nd. Finally, Argus upgraded shares of Vishay Intertechnology to a “strong-buy” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $18.00.

Vishay Intertechnology Trading Up 4.8%

The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.57. The business has a 50-day simple moving average of $18.63 and a two-hundred day simple moving average of $16.42. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of -261.33 and a beta of 1.14.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Wednesday, February 4th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The business had revenue of $800.92 million during the quarter, compared to analyst estimates of $790.47 million. Vishay Intertechnology had a negative net margin of 0.29% and a negative return on equity of 0.32%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities analysts forecast that Vishay Intertechnology, Inc. will post 0.53 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.40 annualized dividend and a yield of 2.2%. Vishay Intertechnology’s dividend payout ratio (DPR) is currently -571.43%.

Hedge Funds Weigh In On Vishay Intertechnology

Several institutional investors and hedge funds have recently modified their holdings of VSH. Royal Bank of Canada lifted its stake in shares of Vishay Intertechnology by 26.6% during the 1st quarter. Royal Bank of Canada now owns 71,823 shares of the semiconductor company’s stock worth $1,142,000 after buying an additional 15,079 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Vishay Intertechnology by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,123 shares of the semiconductor company’s stock valued at $1,179,000 after buying an additional 2,250 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Vishay Intertechnology by 5.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 250,154 shares of the semiconductor company’s stock valued at $3,977,000 after acquiring an additional 12,547 shares during the period. PNC Financial Services Group Inc. raised its holdings in Vishay Intertechnology by 18.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 23,350 shares of the semiconductor company’s stock valued at $371,000 after acquiring an additional 3,563 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey lifted its position in Vishay Intertechnology by 4.0% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 28,364 shares of the semiconductor company’s stock worth $450,000 after acquiring an additional 1,101 shares during the last quarter. 93.66% of the stock is currently 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.