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

StockNews.com upgraded shares of Vishay Intertechnology (NYSE:VSH) from a sell rating to a hold rating in a research note released on Tuesday.

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

Vishay Intertechnology Trading Up 0.1 %

VSH stock opened at $15.23 on Tuesday. Vishay Intertechnology has a 1-year low of $14.95 and a 1-year high of $24.72. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 1.85. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 24.56 and a beta of 1.09. The business has a 50 day simple moving average of $17.75 and a two-hundred day simple moving average of $20.60.

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

Vishay Intertechnology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.40 annualized dividend and a yield of 2.63%. Vishay Intertechnology’s payout ratio is presently 64.52%.

Institutional Trading of Vishay Intertechnology

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Coldstream Capital Management Inc. purchased a new stake in Vishay Intertechnology during the 3rd quarter valued at $196,000. Y Intercept Hong Kong Ltd purchased a new stake in Vishay Intertechnology in the third quarter worth $453,000. Dean Investment Associates LLC increased its stake in Vishay Intertechnology by 32.8% in the third quarter. Dean Investment Associates LLC now owns 153,730 shares of the semiconductor company’s stock worth $2,907,000 after purchasing an additional 37,951 shares during the period. Weiss Asset Management LP purchased a new stake in Vishay Intertechnology in the third quarter worth $1,055,000. Finally, Systematic Financial Management LP increased its stake in Vishay Intertechnology by 15.1% in the third quarter. Systematic Financial Management LP now owns 1,388,337 shares of the semiconductor company’s stock worth $26,253,000 after purchasing an additional 182,212 shares during the period. Hedge funds and other institutional investors 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.