Vishay Intertechnology (NYSE:VSH) Shares Gap Down – What’s Next?

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 changing hands.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on VSH shares. StockNews.com raised shares of Vishay Intertechnology from a “sell” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. started coverage on shares of Vishay Intertechnology in a report on Monday, December 16th. They issued a “neutral” rating and a $19.00 price target for the company.

Vishay Intertechnology Trading Down 0.3 %

The company has a fifty day simple moving average of $17.22 and a 200-day simple moving average of $17.57. The company has a current ratio of 2.70, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of -71.02 and a beta of 1.13.

Vishay Intertechnology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.40 annualized dividend and a yield of 2.35%. Vishay Intertechnology’s payout ratio is presently -166.67%.

Insiders Place Their Bets

In other news, Chairman Marc Zandman sold 27,176 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $16.88, for a total value of $458,730.88. Following the transaction, the chairman now owns 76,468 shares in the company, valued at $1,290,779.84. This represents a 26.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.14% of the company’s stock.

Hedge Funds Weigh In On Vishay Intertechnology

A number of large investors have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Vishay Intertechnology in the 4th quarter valued at about $887,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Vishay Intertechnology by 15.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 237,607 shares of the semiconductor company’s stock valued at $4,025,000 after purchasing an additional 32,304 shares during the period. Wolverine Trading LLC acquired a new position in shares of Vishay Intertechnology in the 4th quarter valued at about $171,000. Voloridge Investment Management LLC increased its holdings in shares of Vishay Intertechnology by 8.0% in the 4th quarter. Voloridge Investment Management LLC now owns 715,570 shares of the semiconductor company’s stock valued at $12,122,000 after purchasing an additional 53,235 shares during the period. Finally, Woodline Partners LP increased its holdings in shares of Vishay Intertechnology by 148.5% in the 4th quarter. Woodline Partners LP now owns 1,770,791 shares of the semiconductor company’s stock valued at $29,997,000 after purchasing an additional 1,058,173 shares during the period. Institutional investors and hedge funds own 93.66% of the company’s stock.

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.