Vishay Intertechnology (NYSE:VSH) Lowered to Hold Rating by Wall Street Zen

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

Other equities research analysts have also issued reports about the stock. Bank of America increased their target price on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a report on Thursday, May 14th. Truist Financial assumed coverage on shares of Vishay Intertechnology in a research report on Thursday. They issued a “buy” rating and a $42.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vishay Intertechnology in a research note on Monday, August 24th. Zacks Research lowered Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Finally, Needham & Company LLC started coverage on Vishay Intertechnology in a research note on Tuesday, August 4th. They issued a “buy” rating and a $45.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Vishay Intertechnology Price Performance

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

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

Vishay Intertechnology Dividend Announcement

The business 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 10th. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 210.53%.

Hedge Funds Weigh In On Vishay Intertechnology

Large investors have recently added to or reduced their stakes in the company. Andar Capital Management HK Ltd bought a new stake in shares of Vishay Intertechnology in the second quarter valued at about $160,000,000. California State Teachers Retirement System grew its holdings in shares of Vishay Intertechnology by 5,625.0% during the second 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 in the last quarter. Valliance Asset Management Ltd acquired a new stake in Vishay Intertechnology in the 2nd quarter valued at approximately $146,405,000. T. Rowe Price Investment Management Inc. acquired a new stake in Vishay Intertechnology in the 4th quarter valued at approximately $25,009,000. Finally, William Blair Investment Management LLC bought a new stake in Vishay Intertechnology in the 2nd quarter valued at approximately $79,095,000. Institutional investors 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.