Vishay Intertechnology (NYSE:VSH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Vishay Intertechnology (NYSE:VSH) from a hold rating to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.

Other analysts have also recently issued reports about the company. Oppenheimer upped their price target on Vishay Intertechnology from $42.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 8th. Truist Financial assumed coverage on shares of Vishay Intertechnology in a research note on Thursday, September 3rd. They set a “buy” rating and a $42.00 price target on the stock. Zacks Research upgraded Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Raymond James Financial started 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. Finally, Weiss Ratings lowered shares of Vishay Intertechnology from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 25th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Vishay Intertechnology presently has a consensus rating of “Moderate Buy” and an average price target of $36.67.

Vishay Intertechnology Trading Down 6.0%

Shares of VSH opened at $31.98 on Friday. Vishay Intertechnology has a 12-month low of $11.77 and a 12-month high of $69.47. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 168.35, a P/E/G ratio of 4.01 and a beta of 1.79. The stock’s 50-day moving average price is $32.87 and its 200 day moving average price is $37.30. The company has a quick ratio of 1.27, a current ratio of 1.80 and a debt-to-equity ratio of 0.08.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. The business had revenue of $918.58 million for the quarter, compared to analysts’ expectations of $897.03 million. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%. Vishay Intertechnology’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.07) earnings per share. As a group, research analysts predict that Vishay Intertechnology will post 0.85 earnings per share for the current year.

Vishay Intertechnology Announces Dividend

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

Insider Activity

In related news, Director Raanan Zilberman sold 16,575 shares of Vishay Intertechnology stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $35.82, for a total value of $593,716.50. Following the sale, the director owned 31,937 shares of the company’s stock, valued at approximately $1,143,983.34. This trade represents a 34.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 8.35% of the company’s stock.

Institutional Trading of Vishay Intertechnology

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Andar Capital Management HK Ltd bought a new stake in Vishay Intertechnology during the second quarter worth about $160,000,000. Valliance Asset Management Ltd acquired a new stake in Vishay Intertechnology in the second quarter valued at $146,405,000. Dimensional Fund Advisors LP grew its position in shares of Vishay Intertechnology by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,102,376 shares of the semiconductor company’s stock valued at $127,830,000 after acquiring an additional 208,472 shares during the period. Wellington Management Group LLP grew its position in shares of Vishay Intertechnology by 7.6% in the 2nd quarter. Wellington Management Group LLP now owns 2,312,220 shares of the semiconductor company’s stock valued at $124,351,000 after acquiring an additional 162,447 shares during the period. Finally, William Blair Investment Management LLC bought a new position in shares of Vishay Intertechnology in the 2nd quarter valued at about $79,095,000. 93.66% of the stock is currently owned by institutional investors and hedge funds.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc (NYSE:VSH) is a manufacturer of electronic components used in a broad range of electrical and electronic systems. Its portfolio includes passive components such as resistors, capacitors, inductors and sensors, as well as semiconductor products including diodes, rectifiers, MOSFETs and optoelectronic devices.

The company’s products support applications in automotive, industrial, computing, telecommunications, consumer electronics, medical equipment, aerospace and defense.