Vishay Intertechnology (NYSE:VSH) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Vishay Intertechnology (NYSE:VSH) from a sell rating to a hold rating in a report published on Tuesday morning.

Separately, TD Cowen decreased their target price on Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating on the stock in a report on Thursday, August 8th.

Vishay Intertechnology Price Performance

NYSE VSH opened at $15.98 on Tuesday. Vishay Intertechnology has a 1-year low of $14.95 and a 1-year high of $24.72. The business’s fifty day moving average price is $17.60 and its 200-day moving average price is $20.48. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 25.77 and a beta of 1.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 1.85.

Vishay Intertechnology (NYSE:VSH) last announced its earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). Vishay Intertechnology had a return on equity of 5.35% and a net margin of 2.88%. The company had revenue of $735.35 million during the quarter, compared to the consensus estimate of $748.84 million. During the same period in the prior year, the business posted $0.60 earnings per share. Vishay Intertechnology’s revenue for the quarter was down 13.9% compared to the same quarter last year. On average, equities analysts predict that Vishay Intertechnology will post 0.55 earnings per share for the current year.

Vishay Intertechnology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd will be paid a $0.10 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 2.50%. Vishay Intertechnology’s payout ratio is presently 64.52%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Mountaineer Partners Management LLC lifted its holdings in shares of Vishay Intertechnology by 924.9% in the 3rd quarter. Mountaineer Partners Management LLC now owns 20,844,077 shares of the semiconductor company’s stock valued at $394,161,000 after acquiring an additional 18,810,325 shares during the last quarter. Deprince Race & Zollo Inc. lifted its stake in Vishay Intertechnology by 94.0% in the second quarter. Deprince Race & Zollo Inc. now owns 3,129,207 shares of the semiconductor company’s stock worth $69,781,000 after purchasing an additional 1,516,368 shares during the last quarter. Poplar Forest Capital LLC bought a new stake in Vishay Intertechnology in the second quarter worth about $21,160,000. Vanguard Group Inc. raised its stake in shares of Vishay Intertechnology by 5.0% during the first quarter. Vanguard Group Inc. now owns 14,919,132 shares of the semiconductor company’s stock valued at $338,366,000 after acquiring an additional 714,275 shares in the last quarter. Finally, Needham Investment Management LLC raised its stake in shares of Vishay Intertechnology by 39.2% during the third quarter. Needham Investment Management LLC now owns 1,260,000 shares of the semiconductor company’s stock valued at $23,827,000 after acquiring an additional 355,000 shares in the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.