Vishay Intertechnology, Inc. (NYSE:VSH) Announces Quarterly Dividend of $0.10

Key Points

• Vishay Intertechnology, Inc. has declared a quarterly dividend of $0.10 per share, with the payment scheduled for September 25th to investors of record as of September 11th.
• The company reported a revenue of $762.25 million in its recent earnings, slightly exceeding the consensus estimate, despite posting a loss of ($0.07) earnings per share for the quarter.
• Insider transactions showed significant activity, with Director Michael J. Cody purchasing 3,500 shares at an average price of $16.12, increasing his ownership stake in the company.

Vishay Intertechnology, Inc. (NYSE:VSH - Get Free Report) declared a quarterly dividend on Tuesday, August 12th, RTT News reports. Investors of record on Thursday, September 11th will be given a dividend of 0.10 per share by the semiconductor company on Thursday, September 25th. This represents a c) annualized dividend and a yield of 2.7%.

Vishay Intertechnology has a payout ratio of 38.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Vishay Intertechnology to earn $1.67 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 24.0%.

Vishay Intertechnology Stock Up 5.6%

VSH stock traded up $0.78 during midday trading on Tuesday, hitting $14.75. The company's stock had a trading volume of 2,390,844 shares, compared to its average volume of 2,005,767. The company has a market cap of $2.00 billion, a PE ratio of -22.69 and a beta of 1.13. Vishay Intertechnology has a 12 month low of $10.35 and a 12 month high of $20.91. The company has a current ratio of 2.70, a quick ratio of 1.64 and a debt-to-equity ratio of 0.44. The firm's 50-day moving average is $16.18 and its 200-day moving average is $15.54.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.09). The business had revenue of $762.25 million during the quarter, compared to the consensus estimate of $756.07 million. Vishay Intertechnology had a negative net margin of 3.00% and a negative return on equity of 0.10%. The business's revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company posted $0.17 earnings per share. On average, equities research analysts forecast that Vishay Intertechnology will post 0.53 earnings per share for the current fiscal year.

Insider Transactions at Vishay Intertechnology

In other news, Director Michael J. Cody purchased 3,500 shares of the stock in a transaction dated Wednesday, June 11th. The shares were purchased at an average cost of $16.12 per share, with a total value of $56,420.00. Following the acquisition, the director directly owned 60,169 shares of the company's stock, valued at $969,924.28. This represents a 6.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.32% of the company's stock.

Hedge Funds Weigh In On Vishay Intertechnology

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Vishay Intertechnology by 602.1% during the 1st quarter. GAMMA Investing LLC now owns 2,696 shares of the semiconductor company's stock valued at $43,000 after buying an additional 2,312 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Vishay Intertechnology by 27,083.3% during the 1st quarter. Larson Financial Group LLC now owns 3,262 shares of the semiconductor company's stock valued at $52,000 after buying an additional 3,250 shares during the period. CWM LLC lifted its holdings in shares of Vishay Intertechnology by 76.0% during the 1st quarter. CWM LLC now owns 3,473 shares of the semiconductor company's stock valued at $55,000 after buying an additional 1,500 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of Vishay Intertechnology by 819.2% during the 4th quarter. Sterling Capital Management LLC now owns 3,980 shares of the semiconductor company's stock valued at $67,000 after buying an additional 3,547 shares during the period. Finally, AlphaQuest LLC lifted its holdings in shares of Vishay Intertechnology by 135.6% during the 2nd quarter. AlphaQuest LLC now owns 5,789 shares of the semiconductor company's stock valued at $92,000 after buying an additional 3,332 shares during the period. 93.66% of the stock is owned by institutional investors.

About Vishay Intertechnology

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.

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