Vishay Intertechnology (NYSE:VSH) Shares Down 16.6% After Earnings Miss

Key Points

• Vishay Intertechnology's shares plummeted 16.6% following a quarterly earnings report that missed expectations, with reported earnings per share (EPS) at ($0.07), below the consensus estimate of $0.02.
• The company announced a $0.10 quarterly dividend, offering a 3.0% yield, but has a negative payout ratio of -81.63%, signaling potential financial strain.
• Institutional investors show interest with significant recent increases in holdings, including First Trust Advisors LP, which raised its stake by 34.5% during the last quarter.

Shares of Vishay Intertechnology, Inc. (NYSE:VSH - Get Free Report) dropped 16.6% on Wednesday after the company announced weaker than expected quarterly earnings. The company traded as low as $13.13 and last traded at $13.35. Approximately 440,363 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 1,944,415 shares. The stock had previously closed at $16.01.

The semiconductor company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.09). Vishay Intertechnology had a positive return on equity of 1.46% and a negative net margin of 2.28%. During the same quarter last year, the firm posted $0.17 earnings per share. The company's revenue for the quarter was up 2.8% on a year-over-year basis.

Vishay Intertechnology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Wednesday, June 18th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Wednesday, June 18th. Vishay Intertechnology's dividend payout ratio is currently -81.63%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Vishay Intertechnology from a "hold" rating to a "sell" rating in a research report on Saturday, May 10th.

Insider Transactions at Vishay Intertechnology

In other Vishay Intertechnology news, Director Michael J. Cody purchased 3,500 shares of the stock in a transaction on Wednesday, June 11th. The stock was bought at an average price of $16.12 per share, for a total transaction 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 purchase was disclosed in a filing with the SEC, which is available at this link. Also, CFO David Mcconnell acquired 2,000 shares of the stock in a transaction dated Monday, May 12th. The shares were bought at an average cost of $14.69 per share, with a total value of $29,380.00. Following the completion of the purchase, the chief financial officer directly owned 53,501 shares in the company, valued at approximately $785,929.69. This trade represents a 3.88% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 16,750 shares of company stock worth $253,568 over the last quarter. 8.32% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vishay Intertechnology

A number of large investors have recently added to or reduced their stakes in VSH. First Trust Advisors LP increased its holdings in Vishay Intertechnology by 34.5% during the 4th quarter. First Trust Advisors LP now owns 5,077,379 shares of the semiconductor company's stock worth $86,011,000 after purchasing an additional 1,301,383 shares during the last quarter. Woodline Partners LP raised its holdings in Vishay Intertechnology by 142.4% in the first quarter. Woodline Partners LP now owns 4,292,204 shares of the semiconductor company's stock valued at $68,246,000 after acquiring an additional 2,521,413 shares in the last quarter. American Century Companies Inc. boosted its stake in Vishay Intertechnology by 6.5% during the 1st quarter. American Century Companies Inc. now owns 4,088,369 shares of the semiconductor company's stock valued at $65,005,000 after acquiring an additional 249,522 shares during the last quarter. Hood River Capital Management LLC acquired a new position in Vishay Intertechnology during the 4th quarter worth $53,860,000. Finally, Van Lanschot Kempen Investment Management N.V. increased its position in shares of Vishay Intertechnology by 69.4% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,463,334 shares of the semiconductor company's stock worth $41,729,000 after purchasing an additional 1,009,042 shares during the last quarter. 93.66% of the stock is owned by institutional investors and hedge funds.

Vishay Intertechnology Trading Down 18.0%

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.79 and a current ratio of 2.80. The business's 50 day moving average price is $16.18 and its 200-day moving average price is $15.63. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of -26.80 and a beta of 1.13.

Vishay Intertechnology Company Profile

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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