Vishay Intertechnology (NYSE:VSH) Research Coverage Started at Truist Financial

Truist Financial began coverage on shares of Vishay Intertechnology (NYSE:VSH) in a report released on Thursday, MarketBeat.com reports. The brokerage issued a buy rating and a $42.00 price target on the semiconductor company’s stock.

Other research analysts have also issued reports about the stock. Bank of America lifted their price objective on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a research note on Thursday, May 14th. Raymond James Financial initiated coverage on shares of Vishay Intertechnology in a research note on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Vishay Intertechnology in a report on Monday, August 24th. Zacks Research cut shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Needham & Company LLC initiated coverage on shares of Vishay Intertechnology in a report on Tuesday, August 4th. They set a “buy” rating and a $45.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Vishay Intertechnology Price Performance

NYSE:VSH opened at $31.86 on Thursday. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 167.69, a PEG ratio of 3.71 and a beta of 1.80. Vishay Intertechnology has a 1 year low of $11.77 and a 1 year high of $69.47. The business has a 50 day simple moving average of $37.02 and a 200-day simple moving average of $34.44. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.80 and a quick ratio of 1.27.

Vishay Intertechnology (NYSE:VSH) last released its earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.04. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%.The firm had revenue of $918.58 million for the quarter, compared to the consensus estimate of $897.03 million. During the same quarter in the previous year, the company posted ($0.07) EPS. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. Equities analysts forecast that Vishay Intertechnology will post 0.85 EPS for the current year.

Vishay Intertechnology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. Vishay Intertechnology’s payout ratio is presently 210.53%.

Hedge Funds Weigh In On Vishay Intertechnology

Several hedge funds have recently bought and sold shares of VSH. Corient Private Wealth LP bought a new stake in shares of Vishay Intertechnology during the second quarter worth $801,000. Amundi grew its holdings in shares of Vishay Intertechnology by 81.4% in the second quarter. Amundi now owns 20,574 shares of the semiconductor company’s stock worth $1,106,000 after purchasing an additional 9,232 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of Vishay Intertechnology in the second quarter worth about $218,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Vishay Intertechnology in the second quarter worth about $1,334,000. Finally, California State Teachers Retirement System increased its stake in Vishay Intertechnology by 5,625.0% in the 2nd quarter. California State Teachers Retirement System now owns 7,534,739 shares of the semiconductor company’s stock worth $405,218,000 after buying an additional 7,403,128 shares during the period. Institutional investors own 93.66% of the company’s stock.

Vishay Intertechnology Company Profile

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.