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

Vishay Intertechnology, Inc. (NYSE:VSH)’s share price fell 16.6% during mid-day trading on Wednesday following a dissappointing earnings announcement. The stock traded as low as $13.13 and last traded at $13.35. 440,363 shares changed hands during trading, a decline of 77% from the average session volume of 1,944,415 shares. The stock had previously closed at $16.01.

The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). The company had revenue of $762.25 million for the quarter, compared to analysts’ expectations of $756.07 million. Vishay Intertechnology had a negative net margin of 2.28% and a positive return on equity of 1.46%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 EPS.

Vishay Intertechnology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders 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 dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, June 18th. Vishay Intertechnology’s dividend payout ratio (DPR) is presently -81.63%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a report on Saturday, May 10th.

Insider Activity

In other Vishay Intertechnology news, EVP Roy Shoshani acquired 10,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were purchased at an average price of $14.95 per share, for a total transaction of $149,500.00. Following the purchase, the executive vice president directly owned 106,550 shares of the company’s stock, valued at approximately $1,592,922.50. This trade represents a 10.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO David Mcconnell acquired 2,000 shares of the stock in a transaction dated Monday, May 12th. The stock was acquired at an average price of $14.69 per share, for a total transaction of $29,380.00. Following 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 purchased a total of 16,750 shares of company stock valued at $253,568 in the last 90 days. 8.32% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vishay Intertechnology

Several institutional investors have recently made changes to their positions in VSH. First Eagle Investment Management LLC raised its stake in Vishay Intertechnology by 15.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 842,500 shares of the semiconductor company’s stock worth $13,379,000 after acquiring an additional 111,000 shares during the period. Ellevest Inc. raised its stake in Vishay Intertechnology by 9.6% during the 2nd quarter. Ellevest Inc. now owns 22,888 shares of the semiconductor company’s stock worth $363,000 after acquiring an additional 1,997 shares during the period. Bryce Point Capital LLC bought a new stake in Vishay Intertechnology during the 2nd quarter worth approximately $959,000. Kovack Advisors Inc. raised its stake in Vishay Intertechnology by 6.6% during the 2nd quarter. Kovack Advisors Inc. now owns 112,050 shares of the semiconductor company’s stock worth $1,779,000 after acquiring an additional 6,950 shares during the period. Finally, Atria Investments Inc raised its stake in Vishay Intertechnology by 21.0% during the 2nd quarter. Atria Investments Inc now owns 25,478 shares of the semiconductor company’s stock worth $405,000 after acquiring an additional 4,423 shares during the period. Institutional investors own 93.66% of the company’s stock.

Vishay Intertechnology Stock Performance

The company has a market cap of $1.88 billion, a P/E ratio of -28.30 and a beta of 1.13. The business’s 50 day simple moving average is $16.17 and its 200 day simple moving average is $15.61. The company has a current ratio of 2.80, a quick ratio of 1.79 and a debt-to-equity ratio of 0.49.

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.