Vishay Intertechnology (NYSE:VSH) Shares Gap Down – Here’s Why

Vishay Intertechnology, Inc. (NYSE:VSH) gapped down prior to trading on Monday . The stock had previously closed at $16.87, but opened at $16.50. Vishay Intertechnology shares last traded at $16.47, with a volume of 119,822 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on VSH shares. JPMorgan Chase & Co. started coverage on Vishay Intertechnology in a report on Monday, December 16th. They issued a “neutral” rating and a $19.00 price objective for the company. StockNews.com downgraded Vishay Intertechnology from a “hold” rating to a “sell” rating in a research note on Friday, March 7th.

Vishay Intertechnology Trading Down 1.3 %

The stock has a fifty day moving average of $17.22 and a 200 day moving average of $17.61. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 2.70. The company has a market capitalization of $2.26 billion, a PE ratio of -69.33 and a beta of 1.13.

Vishay Intertechnology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $0.10 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.40 dividend on an annualized basis and a yield of 2.40%. Vishay Intertechnology’s dividend payout ratio is presently -166.67%.

Insider Buying and Selling

In other news, Chairman Marc Zandman sold 27,176 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $16.88, for a total transaction of $458,730.88. Following the sale, the chairman now directly owns 76,468 shares of the company’s stock, valued at $1,290,779.84. This represents a 26.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.14% of the stock is owned by insiders.

Institutional Trading of Vishay Intertechnology

Hedge funds have recently modified their holdings of the company. Atria Investments Inc increased its position in shares of Vishay Intertechnology by 3.2% during the 4th quarter. Atria Investments Inc now owns 18,790 shares of the semiconductor company’s stock valued at $318,000 after purchasing an additional 590 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in Vishay Intertechnology by 6.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 11,090 shares of the semiconductor company’s stock worth $188,000 after purchasing an additional 663 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Vishay Intertechnology by 3.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 20,010 shares of the semiconductor company’s stock valued at $339,000 after buying an additional 714 shares during the period. Somerset Trust Co increased its stake in shares of Vishay Intertechnology by 10.4% during the fourth quarter. Somerset Trust Co now owns 12,253 shares of the semiconductor company’s stock valued at $208,000 after buying an additional 1,152 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Vishay Intertechnology by 1.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 104,986 shares of the semiconductor company’s stock valued at $1,778,000 after buying an additional 1,767 shares during the period. 93.66% of the stock is owned by hedge funds and other institutional investors.

About Vishay Intertechnology

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.