Vishay Intertechnology Sees Unusually Large Options Volume (NYSE:VSH)

Vishay Intertechnology, Inc. (NYSE:VSH) was the recipient of some unusual options trading activity on Tuesday. Stock investors purchased 6,168 call options on the company. This is an increase of approximately 2,143% compared to the average daily volume of 275 call options.

Wall Street Analysts Forecast Growth

A number of analysts have commented on VSH shares. StockNews.com cut Vishay Intertechnology from a “hold” rating to a “sell” rating in a research report on Wednesday. TD Cowen cut their price objective on Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating for the company in a research note on Thursday, August 8th.

Vishay Intertechnology Stock Up 4.3 %

VSH opened at $18.98 on Thursday. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 30.60 and a beta of 1.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.85 and a current ratio of 2.81. The firm’s fifty day moving average is $17.57 and its 200 day moving average is $20.37. Vishay Intertechnology has a fifty-two week low of $14.95 and a fifty-two week high of $24.72.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). Vishay Intertechnology had a return on equity of 5.35% and a net margin of 2.88%. The business had revenue of $735.35 million during the quarter, compared to the consensus estimate of $748.84 million. During the same period last year, the company earned $0.60 EPS. The business’s revenue was down 13.9% on a year-over-year basis. On average, sell-side analysts forecast that Vishay Intertechnology will post 0.55 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Tuesday, December 3rd. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 64.52%.

Hedge Funds Weigh In On Vishay Intertechnology

A number of hedge funds and other institutional investors have recently modified their holdings of VSH. Mountaineer Partners Management LLC grew its holdings in Vishay Intertechnology by 924.9% during the 3rd quarter. Mountaineer Partners Management LLC now owns 20,844,077 shares of the semiconductor company’s stock valued at $394,161,000 after buying an additional 18,810,325 shares in the last quarter. Deprince Race & Zollo Inc. boosted its position in shares of Vishay Intertechnology by 94.0% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 3,129,207 shares of the semiconductor company’s stock valued at $69,781,000 after acquiring an additional 1,516,368 shares during the last quarter. Poplar Forest Capital LLC purchased a new position in shares of Vishay Intertechnology in the second quarter valued at $21,160,000. Vanguard Group Inc. increased its position in Vishay Intertechnology by 5.0% in the first quarter. Vanguard Group Inc. now owns 14,919,132 shares of the semiconductor company’s stock worth $338,366,000 after purchasing an additional 714,275 shares during the last quarter. Finally, Needham Investment Management LLC raised its stake in Vishay Intertechnology by 39.2% during the third quarter. Needham Investment Management LLC now owns 1,260,000 shares of the semiconductor company’s stock valued at $23,827,000 after purchasing an additional 355,000 shares in the last quarter. Institutional investors own 93.66% 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. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.