Vishay Intertechnology (NYSE:VSH) Upgraded at Zacks Research

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

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

Vishay Intertechnology Price Performance

Shares of NYSE:VSH opened at $21.31 on Tuesday. Vishay Intertechnology has a fifty-two week low of $10.56 and a fifty-two week high of $22.00. The business has a 50-day simple moving average of $18.64 and a two-hundred day simple moving average of $16.67. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.57 and a current ratio of 2.62. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of -304.40 and a beta of 1.13.

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

Vishay Intertechnology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.9%. Vishay Intertechnology’s dividend payout ratio is presently -571.43%.

Institutional Investors Weigh In On Vishay Intertechnology

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. increased its position in shares of Vishay Intertechnology by 212.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 1,402 shares during the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Vishay Intertechnology during the 4th quarter valued at about $25,009,000. Invesco Ltd. increased its position in shares of Vishay Intertechnology by 56.3% during the 4th quarter. Invesco Ltd. now owns 1,019,664 shares of the semiconductor company’s stock valued at $14,775,000 after purchasing an additional 367,210 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Vishay Intertechnology during the 4th quarter valued at about $57,000. Finally, XTX Topco Ltd increased its position in shares of Vishay Intertechnology by 88.7% during the 4th quarter. XTX Topco Ltd now owns 169,822 shares of the semiconductor company’s stock valued at $2,461,000 after purchasing an additional 79,821 shares during the last quarter. Hedge funds and other institutional investors 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.