Vishay Intertechnology (NYSE:VSH) Shares Up 7.6% - Here's What Happened

Vishay Intertechnology, Inc. (NYSE:VSH - Get Free Report) shares were up 7.6% on Wednesday . The company traded as high as $17.81 and last traded at $17.91. Approximately 1,606,902 shares traded hands during trading, an increase of 4% from the average daily volume of 1,539,271 shares. The stock had previously closed at $16.64.

Analyst Upgrades and Downgrades

VSH has been the subject of a number of research reports. JPMorgan Chase & Co. started coverage on Vishay Intertechnology in a research report on Monday, December 16th. They set 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 Tuesday, February 4th.

Vishay Intertechnology Stock Down 2.4 %

The business's 50-day moving average is $17.22 and its 200-day moving average is $18.24. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of -71.52 and a beta of 1.12. The company has a quick ratio of 1.85, a current ratio of 2.70 and a debt-to-equity ratio of 0.45.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.06). Vishay Intertechnology had a positive return on equity of 3.06% and a negative net margin of 1.06%. The firm had revenue of $735.35 million for the quarter, compared to analyst estimates of $748.84 million. During the same period in the previous year, the business earned $0.60 EPS. Vishay Intertechnology's revenue for the quarter was down 13.9% compared to the same quarter last year. As a group, equities analysts predict that Vishay Intertechnology, Inc. will post 0.85 earnings per share for the current year.

Insider Activity

In other news, Chairman Marc Zandman sold 20,359 shares of Vishay Intertechnology stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $16.71, for a total value of $340,198.89. Following the sale, the chairman now directly owns 32,957 shares of the company's stock, valued at $550,711.47. The trade was a 38.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 8.14% of the company's stock.

Institutional Trading of Vishay Intertechnology

Several large investors have recently added to or reduced their stakes in VSH. Mountaineer Partners Management LLC raised its holdings in Vishay Intertechnology by 924.9% in 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 during the period. Principal Financial Group Inc. raised its holdings in Vishay Intertechnology by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 2,691,437 shares of the semiconductor company's stock valued at $45,593,000 after acquiring an additional 117,692 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Vishay Intertechnology by 2.5% during the 3rd quarter. Fisher Asset Management LLC now owns 2,673,088 shares of the semiconductor company's stock worth $50,548,000 after purchasing an additional 66,268 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Vishay Intertechnology by 26.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,169,246 shares of the semiconductor company's stock valued at $36,747,000 after buying an additional 459,252 shares during the last quarter. Finally, Systematic Financial Management LP raised its stake in Vishay Intertechnology by 15.1% in the third quarter. Systematic Financial Management LP now owns 1,388,337 shares of the semiconductor company's stock valued at $26,253,000 after buying an additional 182,212 shares in the last quarter. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

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.