Vishay Intertechnology (NYSE:VSH) Reaches New 52-Week High – Still a Buy?

Vishay Intertechnology, Inc. (NYSE:VSH)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $28.61 and last traded at $28.6020, with a volume of 571111 shares traded. The stock had previously closed at $27.80.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Vishay Intertechnology from $14.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Vishay Intertechnology in a research report on Wednesday, January 21st. Bank of America lifted their price objective on shares of Vishay Intertechnology from $14.00 to $16.00 and gave the company an “underperform” rating in a research note on Thursday, January 22nd. Argus upgraded Vishay Intertechnology to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Zacks Research upgraded Vishay Intertechnology from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.00.

Vishay Intertechnology Price Performance

The stock has a market cap of $4.02 billion, a P/E ratio of -423.05 and a beta of 1.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.57. The business’s fifty day moving average price is $20.57 and its 200 day moving average price is $17.78.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Wednesday, February 4th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Vishay Intertechnology had a negative return on equity of 0.32% and a negative net margin of 0.29%.The company had revenue of $800.92 million for the quarter, compared to analyst estimates of $790.47 million. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Sell-side analysts forecast that Vishay Intertechnology, Inc. will post 0.51 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.4%. Vishay Intertechnology’s dividend payout ratio (DPR) is -571.43%.

Hedge Funds Weigh In On Vishay Intertechnology

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake in shares of Vishay Intertechnology by 709.5% during the third quarter. Jones Financial Companies Lllp now owns 1,797 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 1,575 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in Vishay Intertechnology by 212.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company’s stock worth $30,000 after buying an additional 1,402 shares during the period. Quarry LP acquired a new stake in Vishay Intertechnology during the 3rd quarter worth approximately $39,000. Empowered Funds LLC bought a new stake in Vishay Intertechnology during the 4th quarter worth approximately $57,000. Finally, Hantz Financial Services Inc. increased its position in Vishay Intertechnology by 255.8% in the 4th quarter. Hantz Financial Services Inc. now owns 5,124 shares of the semiconductor company’s stock valued at $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.