Vishay Intertechnology (NYSE:VSH) Stock Rating Upgraded by StockNews.com

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

Separately, TD Cowen reduced their price target 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 3.1 %

NYSE VSH opened at $15.98 on Tuesday. Vishay Intertechnology has a 1-year low of $14.95 and a 1-year high of $24.72. The company has a current ratio of 2.81, a quick ratio of 1.85 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average of $17.60 and a 200-day moving average of $20.48. The firm has a market cap of $2.17 billion, a PE ratio of 25.77 and a beta of 1.09.

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

Vishay Intertechnology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.50%. Vishay Intertechnology’s dividend payout ratio (DPR) is 64.52%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. National Bank of Canada FI grew its stake in shares of Vishay Intertechnology by 3.4% in the 2nd quarter. National Bank of Canada FI now owns 19,835 shares of the semiconductor company’s stock worth $432,000 after buying an additional 650 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Vishay Intertechnology by 173.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,367 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 868 shares in the last quarter. Natixis Advisors LLC lifted its position in Vishay Intertechnology by 2.4% in the 2nd quarter. Natixis Advisors LLC now owns 45,403 shares of the semiconductor company’s stock valued at $1,012,000 after acquiring an additional 1,057 shares in the last quarter. Cascade Investment Advisors Inc. lifted its position in Vishay Intertechnology by 2.2% in the 3rd quarter. Cascade Investment Advisors Inc. now owns 60,450 shares of the semiconductor company’s stock valued at $1,143,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Matrix Trust Co bought a new position in Vishay Intertechnology in the 3rd quarter valued at approximately $25,000. 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.