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

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

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

Vishay Intertechnology Trading Up 8.2%

Shares of VSH stock opened at $35.47 on Friday. The company has a market cap of $4.83 billion, a PE ratio of 186.67 and a beta of 1.81. Vishay Intertechnology has a 1 year low of $11.77 and a 1 year high of $69.47. The stock’s 50 day simple moving average is $48.20 and its two-hundred day simple moving average is $32.67. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.80 and a quick ratio of 1.53.

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

Vishay Intertechnology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Thursday, June 18th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, June 18th. Vishay Intertechnology’s payout ratio is currently 4,000.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada boosted its position in Vishay Intertechnology by 26.6% in the 1st quarter. Royal Bank of Canada now owns 71,823 shares of the semiconductor company’s stock valued at $1,142,000 after buying an additional 15,079 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 worth $1,179,000 after acquiring an additional 2,250 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of 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 worth $3,977,000 after acquiring an additional 12,547 shares during the period. AXA S.A. raised its stake in shares of 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, Quantinno Capital Management LP raised its stake in shares of Vishay Intertechnology by 132.4% during the second quarter. Quantinno Capital Management LP now owns 52,791 shares of the semiconductor company’s stock valued at $838,000 after acquiring an additional 30,075 shares in the last quarter. 93.66% of the stock is currently owned by institutional investors.

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.