Zacks Investment Research upgraded shares of Vishay Intertechnology Inc. (NYSE:VSH) from a hold rating to a strong-buy rating in a research note published on Thursday. Zacks Investment Research currently has $16.00 price target on the stock.
According to Zacks, “Vishay Intertechnology, Inc. is a leading international manufacturer and supplier of discrete passive electronic components and discrete active electronic components, particularly resistors, capacitors, inductors, diodes and transistors. The company offers its customers one-stop access to one of the most comprehensive electronic component lines of any manufacturer in the United States or Europe. Passive electronic components, discrete active electronic components and integrated circuits are the primary elements of every electronic circuit. “
Separately, Argus reissued a buy rating on shares of Vishay Intertechnology in a report on Wednesday, August 10th.
Vishay Intertechnology (NYSE:VSH) opened at 13.90 on Thursday. The stock’s market cap is $2.04 billion. The firm has a 50-day moving average price of $13.97 and a 200-day moving average price of $13.04. Vishay Intertechnology has a one year low of $9.96 and a one year high of $14.28.
Vishay Intertechnology (NYSE:VSH) last released its earnings results on Tuesday, August 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. The business had revenue of $590 million for the quarter, compared to analyst estimates of $586.45 million. Vishay Intertechnology had a positive return on equity of 6.55% and a negative net margin of 4.58%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 earnings per share. On average, equities analysts predict that Vishay Intertechnology will post $0.88 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Thursday, September 15th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Tuesday, September 13th. Vishay Intertechnology’s dividend payout ratio is presently -35.21%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in shares of Vishay Intertechnology by 41.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,958,689 shares of the company’s stock worth $23,916,000 after buying an additional 577,276 shares in the last quarter. UBS Group AG raised its position in shares of Vishay Intertechnology by 298.4% in the first quarter. UBS Group AG now owns 112,769 shares of the company’s stock worth $1,378,000 after buying an additional 84,460 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of Vishay Intertechnology by 4.5% in the first quarter. Meeder Asset Management Inc. now owns 46,961 shares of the company’s stock worth $573,000 after buying an additional 2,032 shares in the last quarter. State Street Corp raised its position in shares of Vishay Intertechnology by 0.6% in the first quarter. State Street Corp now owns 4,443,285 shares of the company’s stock worth $54,251,000 after buying an additional 26,400 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Vishay Intertechnology by 20.0% in the first quarter. JPMorgan Chase & Co. now owns 2,059,338 shares of the company’s stock worth $25,145,000 after buying an additional 343,180 shares in the last quarter.
Vishay Intertechnology Company Profile
Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five segments. The MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs. The Diodes segment’s products include rectifiers, small signal diodes, protection diodes, thyristors/silicon-controlled rectifiers (SCRs) and power modules.
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