Vishay Intertechnology (NYSE:VSH) Sees Strong Trading Volume

Vishay Intertechnology, Inc. (NYSE:VSH) saw unusually-high trading volume on Friday . Approximately 2,454,876 shares were traded during mid-day trading, an increase of 148% from the previous session’s volume of 990,133 shares.The stock last traded at $25.25 and had previously closed at $25.13.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Vishay Intertechnology in a report on Thursday, August 17th. They issued a “buy” rating on the stock.

Vishay Intertechnology Trading Down 2.2 %

The business’s 50-day moving average price is $27.69 and its two-hundred day moving average price is $25.03. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.16 and a quick ratio of 2.29. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 8.30 and a beta of 1.30.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data on Wednesday, August 9th. The semiconductor company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. The business had revenue of $892.10 million during the quarter, compared to analyst estimates of $879.80 million. Vishay Intertechnology had a net margin of 11.84% and a return on equity of 21.16%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 earnings per share. Equities analysts expect that Vishay Intertechnology, Inc. will post 2.47 earnings per share for the current year.

Vishay Intertechnology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Thursday, September 7th. Vishay Intertechnology’s dividend payout ratio is presently 13.51%.

Hedge Funds Weigh In On Vishay Intertechnology

Institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in Vishay Intertechnology during the fourth quarter worth approximately $33,695,000. Principal Financial Group Inc. increased its position in Vishay Intertechnology by 110.6% during the first quarter. Principal Financial Group Inc. now owns 2,773,148 shares of the semiconductor company’s stock worth $62,729,000 after purchasing an additional 1,456,665 shares during the last quarter. First Trust Advisors LP increased its position in Vishay Intertechnology by 567.6% during the first quarter. First Trust Advisors LP now owns 1,694,775 shares of the semiconductor company’s stock worth $38,336,000 after purchasing an additional 1,440,932 shares during the last quarter. Comerica Bank acquired a new position in Vishay Intertechnology during the second quarter worth approximately $17,404,000. Finally, Dimensional Fund Advisors LP increased its position in Vishay Intertechnology by 6.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,290,115 shares of the semiconductor company’s stock worth $200,387,000 after purchasing an additional 522,908 shares during the last quarter. Institutional investors and hedge funds own 82.60% of the company’s stock.

Vishay Intertechnology Company Profile

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