Vishay Intertechnology (NYSE:VSH) Shares Gap Down – Here’s What Happened

Shares of Vishay Intertechnology, Inc. (NYSE:VSH) gapped down prior to trading on Tuesday . The stock had previously closed at $56.28, but opened at $51.42. Vishay Intertechnology shares last traded at $51.9350, with a volume of 5,384,654 shares trading hands.

Analyst Upgrades and Downgrades

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

Vishay Intertechnology Trading Down 7.8%

The stock has a market cap of $7.06 billion, a P/E ratio of 5,220.60 and a beta of 1.76. The firm’s 50 day simple moving average is $45.98 and its two-hundred day simple moving average is $27.84. 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 (NYSE:VSH) last announced its quarterly earnings data on Wednesday, May 13th. The semiconductor company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $839.24 million during 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 company’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.03) EPS. As a group, equities research analysts predict that Vishay Intertechnology, Inc. will post 0.75 earnings per share for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 18th were given a $0.10 dividend. The ex-dividend date was Thursday, June 18th. This represents a $0.40 annualized dividend and a yield of 0.8%. Vishay Intertechnology’s dividend payout ratio (DPR) is currently 4,000.00%.

Institutional Investors Weigh In On Vishay Intertechnology

Several large investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. raised its holdings in shares of Vishay Intertechnology by 212.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 1,402 shares during the last quarter. Quarry LP acquired a new stake in Vishay Intertechnology in the 3rd quarter valued at about $39,000. Empowered Funds LLC bought a new stake in Vishay Intertechnology during the fourth quarter worth approximately $57,000. Hantz Financial Services Inc. grew its position in Vishay Intertechnology by 255.8% in the fourth quarter. Hantz Financial Services Inc. now owns 5,124 shares of the semiconductor company’s stock worth $74,000 after buying an additional 3,684 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Vishay Intertechnology during the 4th quarter valued at $87,000. Institutional investors and hedge funds own 93.66% of the company’s stock.

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.