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

Wall Street Zen upgraded shares of Vishay Intertechnology (NYSE:VSH) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Other equities research analysts have also issued research reports about the stock. Zacks Research lowered shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 3rd. Raymond James Financial assumed coverage on shares of Vishay Intertechnology in a research report on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 price target on the stock. Needham & Company LLC cut their price target on Vishay Intertechnology from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday. Williams Trading set a $38.00 price objective on Vishay Intertechnology in a report on Thursday. Finally, Truist Financial assumed coverage on Vishay Intertechnology in a report on Thursday, September 3rd. They set a “buy” rating and a $42.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Vishay Intertechnology presently has an average rating of “Moderate Buy” and a consensus price target of $35.86.

Vishay Intertechnology Stock Performance

Shares of VSH stock opened at $23.27 on Friday. The firm has a market capitalization of $3.57 billion, a PE ratio of 37.53, a price-to-earnings-growth ratio of 2.73 and a beta of 1.90. The firm has a fifty day simple moving average of $30.75 and a two-hundred day simple moving average of $32.17. The company has a current ratio of 3.31, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25. Vishay Intertechnology has a 12 month low of $11.77 and a 12 month high of $69.47.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Wednesday, November 4th. The semiconductor company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.08. The firm had revenue of $978.94 million for the quarter, compared to the consensus estimate of $965.40 million. Vishay Intertechnology had a net margin of 2.72% and a return on equity of 3.80%. The business’s revenue was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.04 earnings per share. Analysts forecast that Vishay Intertechnology will post 0.95 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were paid a $0.10 dividend. The ex-dividend date was Thursday, September 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.7%. Vishay Intertechnology’s dividend payout ratio is presently 64.52%.

Insider Activity at Vishay Intertechnology

In related news, Director Raanan Zilberman sold 16,575 shares of the firm’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $35.82, for a total transaction of $593,716.50. Following the transaction, the director directly owned 31,937 shares of the company’s stock, valued at $1,143,983.34. This trade represents a 34.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.35% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vishay Intertechnology

A number of institutional investors have recently added to or reduced their stakes in the company. Pinnacle Wealth Planning Services Inc. lifted its stake in Vishay Intertechnology by 26.9% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 2,036 shares of the semiconductor company’s stock worth $66,000 after acquiring an additional 432 shares during the period. Hanseatic Management Services Inc. grew its holdings in Vishay Intertechnology by 2.1% during the 3rd quarter. Hanseatic Management Services Inc. now owns 25,009 shares of the semiconductor company’s stock worth $814,000 after acquiring an additional 519 shares in the last quarter. Parallel Advisors LLC increased its position in Vishay Intertechnology by 90.4% during the 3rd quarter. Parallel Advisors LLC now owns 1,173 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 557 shares during the period. Carolina Wealth Advisors LLC purchased a new position in Vishay Intertechnology during the 2nd quarter valued at about $32,000. Finally, Profund Advisors LLC increased its position in Vishay Intertechnology by 10.4% during the 3rd quarter. Profund Advisors LLC now owns 6,391 shares of the semiconductor company’s stock valued at $208,000 after purchasing an additional 601 shares during the period. 93.66% of the stock is owned by institutional investors.

About Vishay Intertechnology

Vishay Intertechnology, Inc is a global manufacturer of electronic components used in industrial, automotive, computing, telecommunications, consumer electronics, aerospace and defense, and medical applications. The company’s portfolio includes passive components and semiconductor products that support power management, signal processing, sensing, connectivity and energy conversion.

Its products include resistors, capacitors, inductors, diodes, rectifiers, power MOSFETs, optoelectronic components, sensors, transducers and related power and circuit-protection devices.