Vishay Intertechnology (NYSE:VSH) Cut to “Hold” at Zacks Research

Zacks Research cut shares of Vishay Intertechnology (NYSE:VSH) from a strong-buy rating to a hold rating in a report published on Monday morning,Zacks.com reports.

Several other research firms also recently issued reports on VSH. Weiss Ratings raised Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Wall Street Zen cut Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Finally, Bank of America increased their price objective on Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Vishay Intertechnology currently has a consensus rating of “Hold” and a consensus price target of $24.00.

Vishay Intertechnology Stock Up 0.4%

Shares of VSH stock opened at $39.94 on Monday. Vishay Intertechnology has a 12-month low of $11.77 and a 12-month high of $69.47. The company has a quick ratio of 1.53, a current ratio of 2.64 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average of $50.35 and a 200-day moving average of $31.20. The company has a market capitalization of $5.44 billion, a price-to-earnings ratio of 3,994.00 and a beta of 1.76.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data on Wednesday, May 13th. The semiconductor company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $839.24 million for the quarter, compared to analysts’ expectations of $823.54 million. Vishay Intertechnology had a net margin of 0.07% and a return on equity of 0.22%. The firm’s revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.03) EPS. As a group, equities research analysts predict that Vishay Intertechnology will post 0.75 earnings per share for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 18th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a yield of 1.0%. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 4,000.00%.

Institutional Trading of Vishay Intertechnology

Institutional investors and hedge funds have recently bought and sold shares of the business. Carolina Wealth Advisors LLC acquired a new stake in shares of Vishay Intertechnology in the second quarter valued at approximately $32,000. FNY Investment Advisers LLC bought a new position in shares of Vishay Intertechnology during the 2nd quarter worth approximately $443,000. GAMMA Investing LLC increased its holdings in shares of Vishay Intertechnology by 8.2% during the 2nd quarter. GAMMA Investing LLC now owns 9,261 shares of the semiconductor company’s stock worth $498,000 after acquiring an additional 702 shares during the last quarter. Somerset Trust Co acquired a new position in shares of Vishay Intertechnology during the 2nd quarter worth approximately $256,000. Finally, NewEdge Advisors LLC raised its stake in Vishay Intertechnology by 11,394.9% in the 1st quarter. NewEdge Advisors LLC now owns 175,412 shares of the semiconductor company’s stock valued at $3,157,000 after acquiring an additional 173,886 shares during the period. 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.