Vishay Intertechnology (NYSE:VSH) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Vishay Intertechnology (NYSE:VSH) from a strong sell rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

Several other equities analysts have also issued reports on VSH. Argus upgraded Vishay Intertechnology to a “strong-buy” rating in a research note on Monday, February 9th. Bank of America lifted their target price on Vishay Intertechnology from $14.00 to $16.00 and gave the company an “underperform” rating in a research note on Thursday, January 22nd. JPMorgan Chase & Co. lifted their target price on Vishay Intertechnology from $14.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Vishay Intertechnology in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $18.00.

Vishay Intertechnology Price Performance

VSH opened at $20.51 on Tuesday. The business’s 50-day moving average is $18.62 and its two-hundred day moving average is $16.64. Vishay Intertechnology has a 1 year low of $10.50 and a 1 year high of $22.00. 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 firm has a market capitalization of $2.78 billion, a PE ratio of -292.89 and a beta of 1.13.

Vishay Intertechnology (NYSE:VSH) last posted its earnings results on Wednesday, February 4th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). Vishay Intertechnology had a negative net margin of 0.29% and a negative return on equity of 0.32%. The company had revenue of $800.92 million during the quarter, compared to analysts’ expectations of $790.47 million. The company’s revenue was up 12.1% compared to the same quarter last year. Research analysts anticipate that Vishay Intertechnology will post 0.53 earnings per share for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 2.0%. Vishay Intertechnology’s payout ratio is -571.43%.

Institutional Investors Weigh In On Vishay Intertechnology

A number of institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada raised its position in Vishay Intertechnology by 26.6% during the first quarter. Royal Bank of Canada now owns 71,823 shares of the semiconductor company’s stock valued at $1,142,000 after acquiring an additional 15,079 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Vishay Intertechnology by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,123 shares of the semiconductor company’s stock valued at $1,179,000 after acquiring an additional 2,250 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Vishay Intertechnology by 5.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 250,154 shares of the semiconductor company’s stock valued at $3,977,000 after acquiring an additional 12,547 shares in the last quarter. AXA S.A. raised its position in Vishay Intertechnology by 13.5% during the second quarter. AXA S.A. now owns 176,254 shares of the semiconductor company’s stock valued at $2,799,000 after acquiring an additional 20,950 shares in the last quarter. Finally, iSAM Funds UK Ltd purchased a new position in Vishay Intertechnology during the second quarter valued at approximately $300,000. 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.