Traders Purchase High Volume of Vishay Intertechnology Call Options (NYSE:VSH)

Vishay Intertechnology, Inc. (NYSE:VSH) saw some unusual options trading activity on Tuesday. Traders bought 7,463 call options on the company. This represents an increase of 67% compared to the typical volume of 4,482 call options.

Institutional Investors Weigh In On Vishay Intertechnology

Several hedge funds have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. purchased a new stake in Vishay Intertechnology in the fourth quarter worth $25,009,000. Woodline Partners LP lifted its position in 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 during the period. Jain Global LLC lifted its position in Vishay Intertechnology by 841.5% during the 4th 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 stake in Vishay Intertechnology during the third quarter worth about $12,306,000. Finally, Two Sigma Investments LP grew its holdings in Vishay Intertechnology by 1,440.5% in the third quarter. Two Sigma Investments LP now owns 844,508 shares of the semiconductor company’s stock worth $12,921,000 after purchasing an additional 789,686 shares during the period. 93.66% of the stock is currently owned by institutional investors.

Vishay Intertechnology Trading Down 4.4%

Shares of VSH traded down $2.45 during trading hours on Tuesday, reaching $53.83. 14,924,130 shares of the company traded hands, compared to its average volume of 4,230,265. Vishay Intertechnology has a 12 month low of $11.77 and a 12 month high of $69.47. The company has a quick ratio of 1.53, a current ratio of 2.64 and a debt-to-equity ratio of 0.47. The company’s fifty day moving average price is $45.98 and its two-hundred day moving average price is $27.84. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 5,397.40 and a beta of 1.76.

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

Vishay Intertechnology Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on VSH. Zacks Research upgraded shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Weiss Ratings raised Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Wall Street Zen downgraded Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Bank of America upped their price target on Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Vishay Intertechnology presently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

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.