Vishay Intertechnology (VSH) Rating Grow to Purchase at ValuEngine

Vishay Intertechnology (VSH) Rating Grow to Purchase at ValuEngine

Vishay Intertechnology (NYSE:VSH) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Separately, Zacks Investment Research cut shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Saturday, May 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $16.50.

Vishay Intertechnology (NYSE:VSH) remained flat at $16.70 during midday trading on Friday. The company had a trading volume of 1,015,916 shares. Vishay Intertechnology has a 52 week low of $11.68 and a 52 week high of $17.60. The company has a market capitalization of $2.44 billion, a PE ratio of 43.72 and a beta of 1.12. The company’s 50-day moving average is $16.39 and its 200-day moving average is $16.15.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings results on Wednesday, May 3rd. The semiconductor company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.05. The company had revenue of $606 million during the quarter, compared to analysts’ expectations of $598.72 million. Vishay Intertechnology had a net margin of 2.10% and a return on equity of 7.72%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 earnings per share. Analysts anticipate that Vishay Intertechnology will post $1.20 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Thursday, June 15th will be issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 1.50%. The ex-dividend date is Tuesday, June 13th. Vishay Intertechnology’s payout ratio is 78.13%.

In related news, insider Gerald Paul sold 77,334 shares of the stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $16.56, for a total transaction of $1,280,651.04. Following the completion of the transaction, the insider now owns 340,320 shares in the company, valued at $5,635,699.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.91% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Glen Harbor Capital Management LLC boosted its position in shares of Vishay Intertechnology by 7.4% in the first quarter. Glen Harbor Capital Management LLC now owns 6,050 shares of the semiconductor company’s stock valued at $100,000 after buying an additional 418 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Vishay Intertechnology by 83.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,200 shares of the semiconductor company’s stock valued at $102,000 after buying an additional 2,827 shares during the last quarter. Elkfork Partners LLC acquired a new position in shares of Vishay Intertechnology during the fourth quarter valued at approximately $116,000. US Bancorp DE boosted its position in shares of Vishay Intertechnology by 0.5% in the first quarter. US Bancorp DE now owns 8,759 shares of the semiconductor company’s stock valued at $144,000 after buying an additional 45 shares during the last quarter. Finally, Meadow Creek Investment Management LLC boosted its position in shares of Vishay Intertechnology by 7.4% in the first quarter. Meadow Creek Investment Management LLC now owns 9,350 shares of the semiconductor company’s stock valued at $154,000 after buying an additional 646 shares during the last quarter.

About Vishay Intertechnology

Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five product segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors and Capacitors. MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “VSH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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