Vishay Intertechnology (NYSE:VSH) Sets New 52-Week High – Here’s Why

Vishay Intertechnology, Inc. (NYSE:VSH) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $50.43 and last traded at $50.15, with a volume of 865832 shares trading hands. The stock had previously closed at $47.25.

Analysts Set New Price Targets

VSH has been the topic of a number of analyst reports. Weiss Ratings raised shares of Vishay Intertechnology from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Argus raised shares of Vishay Intertechnology to a “strong-buy” rating in a report on Monday, February 9th. JPMorgan Chase & Co. upped their price target on Vishay Intertechnology from $14.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Zacks Research upgraded Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Finally, Bank of America raised their price objective on Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a research report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Vishay Intertechnology Price Performance

The stock’s 50 day simple moving average is $27.69 and its 200-day simple moving average is $20.49. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of 4,883.10 and a beta of 1.53. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.53 and a current ratio of 2.64.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data on Wednesday, May 13th. The semiconductor company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. Vishay Intertechnology had a net margin of 0.07% and a return on equity of 0.22%. The business had revenue of $839.24 million during the quarter, compared to the consensus estimate of $823.54 million. During the same period in the previous year, the firm posted ($0.03) earnings per share. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. Equities research analysts anticipate that Vishay Intertechnology, Inc. will post 0.75 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Thursday, June 18th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. Vishay Intertechnology’s dividend payout ratio is currently 4,000.00%.

Institutional Investors Weigh In On Vishay Intertechnology

A number of large investors have recently bought and sold shares of the company. ProShare Advisors LLC lifted its position in Vishay Intertechnology by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 23,569 shares of the semiconductor company’s stock valued at $342,000 after purchasing an additional 699 shares during the period. State of Alaska Department of Revenue lifted its stake in Vishay Intertechnology by 0.3% in the 4th quarter. State of Alaska Department of Revenue now owns 248,135 shares of the semiconductor company’s stock valued at $3,595,000 after buying an additional 743 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Vishay Intertechnology by 7.4% in the second quarter. Corient Private Wealth LLC now owns 18,598 shares of the semiconductor company’s stock valued at $295,000 after acquiring an additional 1,288 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in Vishay Intertechnology by 4.2% during the 4th quarter. Verdence Capital Advisors LLC now owns 34,439 shares of the semiconductor company’s stock worth $499,000 after purchasing an additional 1,399 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in Vishay Intertechnology by 212.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 1,402 shares in the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.

About Vishay Intertechnology

Vishay Intertechnology, Inc is a global manufacturer of discrete semiconductors and passive electronic components, serving a wide range of industries including industrial, automotive, computing, consumer electronics, telecommunications, medical, and military/aerospace markets. The company’s portfolio encompasses resistors, capacitors, inductors, sensors, diodes, rectifiers, MOSFETs and a variety of integrated circuit solutions. Vishay’s components are used in power management, signal conditioning, circuit protection and sensing applications, supporting both standard and custom designs for original equipment manufacturers worldwide.

Originally founded in 1962 by Dr.