Vishay Intertechnology, Inc. (NYSE:VSH – Get Free Report)’s share price 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. The stock had previously closed at $47.25.
Analysts Set New Price Targets
Several research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded shares of Vishay Intertechnology from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. JPMorgan Chase & Co. lifted their price objective on shares of 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 shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Finally, Argus upgraded shares of Vishay Intertechnology to a “strong-buy” rating in a research report on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $24.00.
View Our Latest Stock Report on VSH
Vishay Intertechnology Stock Up 5.4%
Vishay Intertechnology (NYSE:VSH – Get Free Report) last issued its earnings results on Wednesday, May 13th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $839.24 million during the quarter, compared to analyst estimates of $823.54 million. Vishay Intertechnology had a net margin of 0.07% and a return on equity of 0.22%. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.03) EPS. Sell-side analysts expect that Vishay Intertechnology, Inc. will post 0.75 earnings per share for the current year.
Vishay Intertechnology Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Thursday, June 18th will be issued a $0.10 dividend. The ex-dividend date is Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a 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 VSH. T. Rowe Price Investment Management Inc. bought a new stake in Vishay Intertechnology in the fourth quarter worth $25,009,000. Woodline Partners LP boosted its holdings in Vishay Intertechnology by 25.3% in the third quarter. Woodline Partners LP now owns 6,813,765 shares of the semiconductor company’s stock worth $104,251,000 after purchasing an additional 1,377,356 shares in the last quarter. Jain Global LLC lifted its position in Vishay Intertechnology by 841.5% during the 4th quarter. Jain Global LLC now owns 910,143 shares of the semiconductor company’s stock worth $13,188,000 after acquiring an additional 813,472 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in Vishay Intertechnology during the 3rd quarter worth $12,306,000. Finally, Two Sigma Investments LP lifted its position in Vishay Intertechnology by 1,440.5% during the 3rd quarter. Two Sigma Investments LP now owns 844,508 shares of the semiconductor company’s stock worth $12,921,000 after acquiring an additional 789,686 shares during the last quarter. 93.66% of the stock is currently owned by institutional investors.
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.
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