Vishay Intertechnology (NYSE:VSH) Price Target Raised to $16.00 at Bank of America

Vishay Intertechnology (NYSE:VSH) had its price target increased by Bank of America from $14.00 to $16.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has an underperform rating on the semiconductor company’s stock.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Vishay Intertechnology in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell” and an average target price of $16.00.

Vishay Intertechnology Stock Performance

Vishay Intertechnology stock opened at $19.06 on Thursday. The firm has a market capitalization of $2.58 billion, a P/E ratio of -33.44 and a beta of 1.12. The stock has a fifty day moving average price of $15.11 and a 200 day moving average price of $15.61. Vishay Intertechnology has a 52 week low of $10.35 and a 52 week high of $19.81. The company has a current ratio of 2.67, a quick ratio of 1.60 and a debt-to-equity ratio of 0.44.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings results on Wednesday, November 5th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. Vishay Intertechnology had a negative return on equity of 0.36% and a negative net margin of 2.56%.The firm had revenue of $790.64 million for the quarter, compared to analyst estimates of $779.81 million. During the same period last year, the company earned $0.08 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. Equities research analysts anticipate that Vishay Intertechnology will post 0.53 earnings per share for the current year.

Vishay Intertechnology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Wednesday, December 3rd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, December 3rd. Vishay Intertechnology’s dividend payout ratio (DPR) is presently -70.18%.

Institutional Trading of Vishay Intertechnology

Several large investors have recently bought and sold shares of VSH. Jones Financial Companies Lllp grew its position in Vishay Intertechnology by 709.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,797 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 1,575 shares during the last quarter. Quarry LP acquired a new position in Vishay Intertechnology in the third quarter worth $39,000. CWM LLC grew its holdings in shares of Vishay Intertechnology by 63.4% during the second quarter. CWM LLC now owns 5,674 shares of the semiconductor company’s stock worth $90,000 after purchasing an additional 2,201 shares during the last quarter. AlphaQuest LLC increased its stake in shares of Vishay Intertechnology by 135.6% in the second quarter. AlphaQuest LLC now owns 5,789 shares of the semiconductor company’s stock valued at $92,000 after buying an additional 3,332 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new position in shares of Vishay Intertechnology in the second quarter valued at about $130,000. 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.