Vishay Intertechnology (NYSE:VSH) Trading Down 8.3% - What's Next?

Key Points

• Vishay Intertechnology shares fell 8.3% to about $32.61, with trading volume substantially below the average session volume.
• Analyst sentiment is mixed, with a consensus “Hold” rating and a $33.25 price target; recent bullish targets range from $40 to $45.
• The company exceeded quarterly expectations, reporting $0.19 earnings per share and $918.58 million in revenue, while declaring a quarterly dividend of $0.10 per share.

Vishay Intertechnology, Inc. (NYSE:VSH - Get Free Report)'s stock price traded down 8.3% during trading on Tuesday . The company traded as low as $32.46 and last traded at $32.6120. 511,327 shares were traded during mid-day trading, a decline of 89% from the average session volume of 4,562,277 shares. The stock had previously closed at $35.58.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on VSH shares. Raymond James Financial assumed coverage on shares of Vishay Intertechnology in a research note on Tuesday, August 4th. They set an "outperform" rating and a $40.00 target price for the company. 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 raised Vishay Intertechnology from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Zacks Research downgraded Vishay Intertechnology from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 20th. Finally, Needham & Company LLC assumed coverage on Vishay Intertechnology in a report on Tuesday, August 4th. They issued a "buy" rating and a $45.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $33.25.

Vishay Intertechnology Price Performance

The company has a market cap of $4.41 billion, a price-to-earnings ratio of 170.75 and a beta of 1.81. The company has a current ratio of 1.80, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The company's 50 day moving average price is $45.07 and its 200 day moving average price is $33.43.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last issued its earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.04. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. The business had revenue of $918.58 million for the quarter, compared to the consensus estimate of $897.03 million. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. The business's quarterly revenue was up 16.6% compared to the same quarter last year. Equities research analysts forecast that Vishay Intertechnology, Inc. will post 0.86 earnings per share for the current year.

Vishay Intertechnology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 10th. Vishay Intertechnology's payout ratio is currently 210.53%.

Hedge Funds Weigh In On Vishay Intertechnology

Large investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. grew its holdings in 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 worth $30,000 after acquiring an additional 1,402 shares during the period. Carolina Wealth Advisors LLC purchased a new position in Vishay Intertechnology in the second quarter worth $32,000. Quarry LP acquired a new stake in Vishay Intertechnology in the third quarter valued at $39,000. Rakuten Securities Inc. acquired a new stake in Vishay Intertechnology in the second quarter valued at $47,000. Finally, Allworth Financial LP purchased a new stake in shares of Vishay Intertechnology during the 2nd quarter worth $54,000. 93.66% of the stock is owned by hedge funds and other institutional investors.

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.

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