Vishay Intertechnology (NYSE:VSH) Trading 8.4% Higher – Still a Buy?

Vishay Intertechnology, Inc. (NYSE:VSH) traded up 8.4% during trading on Thursday . The company traded as high as $58.45 and last traded at $59.2230. 1,024,510 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 3,768,335 shares. The stock had previously closed at $54.65.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Zacks Research raised shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Wall Street Zen downgraded shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Weiss Ratings raised shares of Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Finally, Bank of America raised their price objective on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a research report on Thursday, May 14th. Two investment 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 company’s stock. Based on data from MarketBeat, Vishay Intertechnology has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Vishay Intertechnology Price Performance

The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.53 and a current ratio of 2.64. The company has a market capitalization of $8.01 billion, a PE ratio of 5,822.50 and a beta of 1.76. The company’s 50-day simple moving average is $35.77 and its 200-day simple moving average is $23.62.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings data on Wednesday, May 13th. The semiconductor company reported $0.05 earnings per share (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 company had revenue of $839.24 million for the quarter, compared to the consensus estimate of $823.54 million. During the same period last year, the firm posted ($0.03) EPS. Vishay Intertechnology’s revenue for the quarter was up 17.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Vishay Intertechnology, Inc. will post 0.75 earnings per share for the current year.

Vishay Intertechnology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Thursday, June 18th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, June 18th. Vishay Intertechnology’s dividend payout ratio (DPR) is 4,000.00%.

Institutional Trading of Vishay Intertechnology

Several hedge funds have recently made changes to their positions in VSH. Jones Financial Companies Lllp lifted its stake in shares of Vishay Intertechnology by 709.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,797 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 1,575 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of Vishay Intertechnology by 212.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 1,402 shares during the period. Quarry LP acquired a new stake in shares of Vishay Intertechnology in the 3rd quarter worth $39,000. Empowered Funds LLC acquired a new stake in shares of Vishay Intertechnology in the 4th quarter worth $57,000. Finally, Hantz Financial Services Inc. lifted its stake in shares of Vishay Intertechnology by 255.8% in the 4th quarter. Hantz Financial Services Inc. now owns 5,124 shares of the semiconductor company’s stock worth $74,000 after acquiring an additional 3,684 shares during the period. Institutional investors and hedge funds 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.