Vishay Intertechnology (NYSE:VSH) Stock Rating Raised to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Vishay Intertechnology (NYSE:VSH) from a hold rating to a strong-buy rating in a research report released on Monday morning,Zacks reports.

Other equities analysts have also issued reports about the stock. Truist Financial began coverage on shares of Vishay Intertechnology in a research report on Thursday, September 3rd. They set a “buy” rating and a $42.00 price target on the stock. Weiss Ratings cut Vishay Intertechnology from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 25th. Raymond James Financial assumed coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They set an “outperform” rating and a $40.00 price objective on the stock. Oppenheimer started coverage on Vishay Intertechnology in a research report on Tuesday, September 15th. They set an “outperform” rating and a $42.00 price objective for the company. Finally, Wall Street Zen cut Vishay Intertechnology from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Vishay Intertechnology currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.17.

Vishay Intertechnology Price Performance

Shares of Vishay Intertechnology stock opened at $37.95 on Monday. The firm has a market cap of $5.82 billion, a PE ratio of 199.75, a P/E/G ratio of 4.37 and a beta of 1.79. The business has a 50-day moving average price of $32.78 and a 200 day moving average price of $36.82. 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 has a twelve month low of $11.77 and a twelve month high of $69.47.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.15 by $0.04. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. The company had revenue of $918.58 million during the quarter, compared to analyst estimates of $897.03 million. During the same quarter in the previous year, the firm earned ($0.07) EPS. The firm’s revenue was up 16.6% compared to the same quarter last year. Sell-side analysts predict that Vishay Intertechnology will post 0.85 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, September 10th. Vishay Intertechnology’s dividend payout ratio (DPR) is 210.53%.

Insider Buying and Selling at Vishay Intertechnology

In other Vishay Intertechnology news, Director Raanan Zilberman sold 16,575 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $35.82, for a total transaction of $593,716.50. Following the transaction, the director owned 31,937 shares of the company’s stock, valued at $1,143,983.34. This represents a 34.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.35% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vishay Intertechnology

Hedge funds and other institutional investors have recently made changes to their positions in the business. Andar Capital Management HK Ltd purchased a new position in shares of Vishay Intertechnology during the 2nd quarter valued at approximately $160,000,000. Valliance Asset Management Ltd acquired a new position in Vishay Intertechnology during the 2nd quarter valued at about $146,405,000. Dimensional Fund Advisors LP raised its stake in 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 valued at $127,830,000 after acquiring an additional 208,472 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Vishay Intertechnology by 7.6% in the second quarter. Wellington Management Group LLP now owns 2,312,220 shares of the semiconductor company’s stock worth $124,351,000 after purchasing an additional 162,447 shares during the period. Finally, William Blair Investment Management LLC acquired a new position in shares of Vishay Intertechnology during the 2nd quarter valued at $79,095,000. Institutional investors and hedge funds own 93.66% of the company’s stock.

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.