Vishay Intertechnology (NYSE:VSH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Vishay Intertechnology (NYSE:VSH) from a hold rating to a buy rating in a research report released on Saturday morning.

VSH has been the subject of a number of other research reports. Weiss Ratings raised Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Zacks Research downgraded shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Raymond James Financial started coverage on shares of Vishay Intertechnology in a report on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 target price on the stock. Bank of America boosted their target price on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a research report on Thursday, May 14th. Finally, Needham & Company LLC initiated coverage on shares of Vishay Intertechnology in a report on Tuesday, August 4th. They set a “buy” rating and a $45.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $33.25.

Vishay Intertechnology Trading Down 6.3%

Shares of NYSE:VSH opened at $33.18 on Friday. Vishay Intertechnology has a 12-month low of $11.77 and a 12-month high of $69.47. The business has a 50 day moving average of $47.75 and a 200-day moving average of $32.88. The company has a quick ratio of 1.27, a current ratio of 1.80 and a debt-to-equity ratio of 0.08. The stock has a market cap of $4.52 billion, a PE ratio of 174.64 and a beta of 1.81.

Vishay Intertechnology (NYSE:VSH) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. The company had revenue of $918.58 million for the quarter, compared to analyst estimates of $897.03 million. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%.The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.07) earnings per share. As a group, equities research analysts forecast that Vishay Intertechnology will post 0.86 earnings per share for the current year.

Vishay Intertechnology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Thursday, June 18th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, June 18th. Vishay Intertechnology’s dividend payout ratio is presently 210.53%.

Hedge Funds Weigh In On Vishay Intertechnology

A number of institutional investors and hedge funds have recently bought and sold shares of VSH. 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. Carolina Wealth Advisors LLC acquired a new position in Vishay Intertechnology in the 2nd quarter valued at approximately $32,000. Quarry LP bought a new position in shares of Vishay Intertechnology during the third quarter valued at $39,000. Empowered Funds LLC bought a new position in shares of Vishay Intertechnology during the fourth quarter valued at $57,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Vishay Intertechnology by 255.8% during the fourth quarter. Hantz Financial Services Inc. now owns 5,124 shares of the semiconductor company’s stock worth $74,000 after purchasing an additional 3,684 shares during the period. Institutional investors and hedge funds own 93.66% of the company’s stock.

Vishay Intertechnology Company Profile

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.