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

Wall Street Zen upgraded shares of Vishay Intertechnology (NYSE:VSH – Free Report) from a buy rating to a strong-buy rating in a research note released on Saturday morning,Wall Street Zen reports.

Other equities research analysts have also issued reports about the stock. Truist Financial assumed coverage on shares of Vishay Intertechnology in a report on Thursday, September 3rd. They issued a “buy” rating and a $42.00 price objective for the company. Oppenheimer upped their price objective on shares of Vishay Intertechnology from $42.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, October 8th. Williams Trading set a $38.00 price target on shares of Vishay Intertechnology in a research note on Thursday. 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 price target for the company. Finally, Needham & Company LLC cut their price target on shares of Vishay Intertechnology from $45.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $35.86.

Read Our Latest Analysis on Vishay Intertechnology

Vishay Intertechnology Price Performance

Shares of Vishay Intertechnology stock opened at $26.36 on Friday. The company has a current ratio of 3.31, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $4.04 billion, a PE ratio of 42.51, a price-to-earnings-growth ratio of 3.05 and a beta of 1.90. The business’s 50-day moving average price is $30.67 and its 200-day moving average price is $32.21. Vishay Intertechnology has a 12 month low of $11.77 and a 12 month high of $69.47.

Vishay Intertechnology (NYSE:VSH – Get Free Report) last released its earnings results on Wednesday, November 4th. The semiconductor company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.08. The company had revenue of $978.94 million during the quarter, compared to the consensus estimate of $965.40 million. Vishay Intertechnology had a return on equity of 3.80% and a net margin of 2.72%. Vishay Intertechnology’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS. Sell-side analysts forecast that Vishay Intertechnology will post 0.95 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were issued a $0.10 dividend. The ex-dividend date was Thursday, September 10th. This represents a $0.40 annualized dividend and a yield of 1.5%. Vishay Intertechnology’s dividend payout ratio is 64.52%.

Insider Buying and Selling

In other news, Director Raanan Zilberman sold 16,575 shares of the firm’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $35.82, for a total value of $593,716.50. Following the completion of the sale, the director directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 8.35% of the company’s stock.

Hedge Funds Weigh In On Vishay Intertechnology

Several hedge funds and other institutional investors have recently modified their holdings of VSH. William Blair Investment Management LLC lifted its holdings in Vishay Intertechnology by 248.4% in the third quarter. William Blair Investment Management LLC now owns 5,124,041 shares of the semiconductor company’s stock worth $166,788,000 after buying an additional 3,653,318 shares during the period. Andar Capital Management HK Ltd bought a new stake in Vishay Intertechnology during the 2nd quarter valued at approximately $160,000,000. Valliance Asset Management Ltd purchased a new position in shares of Vishay Intertechnology during the 2nd quarter worth approximately $146,405,000. Dimensional Fund Advisors LP grew its holdings in shares of Vishay Intertechnology by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,102,376 shares of the semiconductor company’s stock worth $127,830,000 after acquiring an additional 208,472 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of Vishay Intertechnology by 7.6% during the 2nd quarter. Wellington Management Group LLP now owns 2,312,220 shares of the semiconductor company’s stock worth $124,351,000 after acquiring an additional 162,447 shares during the period. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Vishay Intertechnology Company Profile

(Get Free Report)

Vishay Intertechnology, Inc designs and manufactures discrete semiconductors and passive electronic components used in a wide range of electronic systems. Its products include diodes, MOSFETs, optoelectronic components, resistors, inductors, capacitors and sensors.

The company’s components are used in applications across markets such as automotive, industrial, computing, telecommunications, consumer electronics, medical and aerospace. Vishay serves customers worldwide through a global network of manufacturing and sales operations.

Founded in 1962 by physicist Felix Zandman, Vishay is headquartered in Malvern, Pennsylvania.

Further Reading

Analyst Recommendations for Vishay Intertechnology (NYSE:VSH)

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