Vishay Intertechnology (NYSE:VSH) Upgraded at StockNews.com

StockNews.com upgraded shares of Vishay Intertechnology (NYSE:VSH) from a sell rating to a hold rating in a research report report published on Thursday morning.

Separately, TD Cowen reduced their price target on Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating for the company in a report on Thursday, August 8th.

Vishay Intertechnology Stock Performance

VSH stock opened at $18.18 on Thursday. The firm has a 50 day simple moving average of $17.61 and a 200 day simple moving average of $20.13. Vishay Intertechnology has a 52 week low of $14.95 and a 52 week high of $24.72. The stock has a market cap of $2.47 billion, a P/E ratio of 29.32 and a beta of 1.12. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.85 and a current ratio of 2.81.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.06). The company had revenue of $735.35 million for the quarter, compared to analysts’ expectations of $748.84 million. Vishay Intertechnology had a net margin of 2.88% and a return on equity of 5.35%. The company’s revenue was down 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 earnings per share. Research analysts anticipate that Vishay Intertechnology will post 0.55 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.20%. The ex-dividend date is Tuesday, December 3rd. Vishay Intertechnology’s payout ratio is 64.52%.

Institutional Trading of Vishay Intertechnology

A number of institutional investors and hedge funds have recently made changes to their positions in VSH. Coldstream Capital Management Inc. bought a new position in shares of Vishay Intertechnology in the 3rd quarter valued at approximately $196,000. Y Intercept Hong Kong Ltd bought a new position in shares of Vishay Intertechnology in the third quarter valued at approximately $453,000. Dean Investment Associates LLC raised its position in shares of Vishay Intertechnology by 32.8% in the third quarter. Dean Investment Associates LLC now owns 153,730 shares of the semiconductor company’s stock valued at $2,907,000 after purchasing an additional 37,951 shares during the period. Weiss Asset Management LP acquired a new stake in shares of Vishay Intertechnology in the third quarter worth $1,055,000. Finally, Systematic Financial Management LP boosted its holdings in shares of Vishay Intertechnology by 15.1% during the 3rd quarter. Systematic Financial Management LP now owns 1,388,337 shares of the semiconductor company’s stock worth $26,253,000 after buying an additional 182,212 shares during the period. Institutional investors and hedge funds own 93.66% of the company’s stock.

About Vishay Intertechnology

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.