Vishay Intertechnology, Inc. (VSH) Lifted to “Strong-Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Vishay Intertechnology, Inc. (NYSE:VSH) from a hold rating to a strong-buy rating in a research report released on Thursday morning. They currently have $22.00 target price on the semiconductor company’s stock.
According to Zacks, “Vishay Intertechnology, Inc. is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five product segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors and Capacitors. MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs. Diodes segment’s products include rectifiers, small signal diodes, protection diodes, thyristors/silicon-controlled rectifiers (SCRs) and power modules. Optoelectronic Components segment includes infrared (IR) emitters and detectors, IR remote control receivers, optocouplers, solid-state relays, optical sensors, light-emitting diodes (LEDs), 7-segment displays and IR data transceiver modules (IrDA). Resistors and Inductors segment manufactures various types of fixed resistors, both in discrete and network forms, as well as various variable types. Capacitors segment manufactures products based on capacitor technologies. “
Other equities analysts also recently issued reports about the company. BidaskClub downgraded Vishay Intertechnology from a buy rating to a hold rating in a research report on Monday, July 31st. Stifel Nicolaus reiterated a hold rating and issued a $17.00 target price on shares of Vishay Intertechnology in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $19.50.
Shares of Vishay Intertechnology (NYSE:VSH) opened at 20.50 on Thursday. Vishay Intertechnology has a one year low of $13.66 and a one year high of $20.60. The company has a market capitalization of $3.00 billion, a PE ratio of 38.90 and a beta of 1.24. The firm’s 50-day moving average price is $18.03 and its 200 day moving average price is $17.06.
Vishay Intertechnology (NYSE:VSH) last posted its earnings results on Thursday, August 3rd. The semiconductor company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. The firm had revenue of $644.89 million during the quarter, compared to the consensus estimate of $643.19 million. Vishay Intertechnology had a return on equity of 9.89% and a net margin of 3.34%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. Analysts anticipate that Vishay Intertechnology will post $1.35 earnings per share for the current year.
Vishay Intertechnology declared that its Board of Directors has initiated a share buyback program on Wednesday, August 2nd that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the semiconductor company to purchase up to 5.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Friday, September 15th were given a dividend of $0.0625 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.22%. Vishay Intertechnology’s dividend payout ratio (DPR) is 49.02%.
Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Vishay Intertechnology by 16,353.4% during the first quarter. BlackRock Inc. now owns 14,187,434 shares of the semiconductor company’s stock worth $233,383,000 after acquiring an additional 14,101,206 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Vishay Intertechnology by 5.7% during the first quarter. Vanguard Group Inc. now owns 11,189,840 shares of the semiconductor company’s stock worth $184,073,000 after acquiring an additional 604,683 shares during the last quarter. LSV Asset Management raised its position in shares of Vishay Intertechnology by 2.6% during the second quarter. LSV Asset Management now owns 7,144,985 shares of the semiconductor company’s stock worth $118,606,000 after acquiring an additional 178,200 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Vishay Intertechnology by 12.5% during the second quarter. Schroder Investment Management Group now owns 6,461,157 shares of the semiconductor company’s stock worth $107,579,000 after acquiring an additional 718,745 shares during the last quarter. Finally, State Street Corp raised its position in shares of Vishay Intertechnology by 6.5% during the second quarter. State Street Corp now owns 4,824,475 shares of the semiconductor company’s stock worth $80,084,000 after acquiring an additional 295,455 shares during the last quarter.
About Vishay Intertechnology
Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five product segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors and Capacitors. MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs.
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