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

Vishay Intertechnology, Inc. (NYSE:VSH) shares 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 trading hands.

Analyst Ratings Changes

VSH has been the subject of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on Vishay Intertechnology in a report on Monday, December 16th. They issued a “neutral” rating and a $19.00 price target for the company. StockNews.com downgraded Vishay Intertechnology from a “hold” rating to a “sell” rating in a report on Friday, March 7th.

Vishay Intertechnology Price Performance

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 current ratio of 2.70 and a quick ratio of 1.73. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of -69.33 and a beta of 1.13.

Vishay Intertechnology Dividend Announcement

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

Insider Activity

In other Vishay Intertechnology news, Chairman Marc Zandman sold 27,176 shares of the business’s stock in a transaction 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 transaction, the chairman now owns 76,468 shares of the company’s stock, valued at approximately $1,290,779.84. The trade was a 26.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 8.14% of the company’s stock.

Hedge Funds Weigh In On Vishay Intertechnology

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