Vishay Intertechnology (NYSE:VSH) Upgraded at Argus

Argus upgraded shares of Vishay Intertechnology (NYSE:VSH) to a strong-buy rating in a research report released on Monday,Zacks.com reports.

Several other brokerages have also recently issued reports on VSH. JPMorgan Chase & Co. raised their target price on shares of Vishay Intertechnology from $14.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Bank of America raised their price target on shares of Vishay Intertechnology from $14.00 to $16.00 and gave the stock an “underperform” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings reaffirmed 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, one has issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $18.00.

Vishay Intertechnology Price Performance

VSH stock opened at $20.19 on Monday. Vishay Intertechnology has a one year low of $10.35 and a one year high of $22.00. The firm has a 50 day simple moving average of $16.91 and a two-hundred day simple moving average of $15.82. The stock has a market cap of $2.74 billion, a PE ratio of -288.43 and a beta of 1.14. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.57.

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

Vishay Intertechnology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Wednesday, December 3rd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, December 3rd. Vishay Intertechnology’s payout ratio is presently -571.43%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in VSH. Jones Financial Companies Lllp boosted its position in shares of Vishay Intertechnology by 709.5% during the third quarter. Jones Financial Companies Lllp now owns 1,797 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 1,575 shares in the last quarter. Quarry LP bought a new position in Vishay Intertechnology in the third quarter worth $39,000. Empowered Funds LLC purchased a new position in Vishay Intertechnology during the fourth quarter valued at $57,000. Hantz Financial Services Inc. boosted its holdings in shares of Vishay Intertechnology by 255.8% during the 4th quarter. Hantz Financial Services Inc. now owns 5,124 shares of the semiconductor company’s stock valued at $74,000 after buying an additional 3,684 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Vishay Intertechnology during the 4th quarter valued at $87,000. Hedge funds and other institutional investors 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.