Vishay Intertechnology (NYSE:VSH) Earns Outperform Rating from Analysts at Raymond James Financial

Raymond James Financial began coverage on shares of Vishay Intertechnology (NYSE:VSH) in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm issued an outperform rating and a $40.00 target price on the semiconductor company’s stock.

Other equities analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Zacks Research cut shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Bank of America upped their price objective on Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a report on Thursday, May 14th. Finally, Weiss Ratings raised Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Vishay Intertechnology currently has an average rating of “Hold” and a consensus target price of $33.25.

Vishay Intertechnology Stock Down 1.1%

VSH opened at $32.81 on Tuesday. Vishay Intertechnology has a 12 month low of $11.77 and a 12 month high of $69.47. The business has a 50-day moving average of $48.54 and a two-hundred day moving average of $32.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.80 and a quick ratio of 1.53. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 172.69 and a beta of 1.81.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.04. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. The business had revenue of $918.58 million for the quarter, compared to analyst estimates of $897.03 million. During the same period in the prior year, the firm posted ($0.07) EPS. The company’s revenue was up 16.6% on a year-over-year basis. On average, research analysts expect that Vishay Intertechnology will post 0.75 earnings per share for the current year.

Vishay Intertechnology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 18th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 18th. Vishay Intertechnology’s dividend payout ratio is 4,000.00%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new position in Vishay Intertechnology during the second quarter valued at approximately $41,629,000. State of Wyoming acquired a new stake in shares of Vishay Intertechnology in the second quarter worth $650,000. Andar Capital Management HK Ltd acquired a new stake in shares of Vishay Intertechnology in the second quarter worth $160,000,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Vishay Intertechnology in the 2nd quarter valued at $5,178,000. Finally, Carolina Wealth Advisors LLC purchased a new position in shares of Vishay Intertechnology in the 2nd quarter valued at $32,000. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Key Stories Impacting Vishay Intertechnology

Here are the key news stories impacting Vishay Intertechnology this week:

• Positive Sentiment: Vishay reported second-quarter adjusted earnings of $0.19 per share, above the $0.15 consensus estimate, while revenue rose 16.6% year over year to approximately $918.6 million. Higher volumes, pricing and operating leverage supported the earnings beat. VSH Q2 Earnings Beat on Volume Growth, Revenues Rise Year over Year
• Positive Sentiment: Management described an early industry upcycle, with broad-based demand improvement across industrial, automotive, artificial intelligence, aerospace and defense markets. Bookings increased, customer activity expanded and backlog climbed 18% to roughly $1.9 billion, with a 1.32 book-to-bill ratio. VSH Q2 Earnings Call Highlights Early Upcycle and Margin Lift
• Positive Sentiment: Third-quarter revenue guidance of $945 million to $975 million exceeded the roughly $925.6 million analyst consensus, suggesting continued momentum and potential margin improvement.
• Neutral Sentiment: Needham & Company and Raymond James initiated coverage on VSH. The new research coverage could increase investor attention, although the provided reports did not include ratings or price targets. Needham Initiates Coverage
• Negative Sentiment: The quarter’s revenue was described as missing some sales targets, and investors may be focused on Vishay’s still-thin profitability. Net margin was only 0.07%, despite the year-over-year recovery to positive earnings.
• Negative Sentiment: Vishay’s recent equity offering added approximately 17.25 million shares, raising dilution concerns. Heavy capacity investments also contributed to negative year-to-date free cash flow, potentially offsetting optimism about the upcycle.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc is a global manufacturer of discrete semiconductors and passive electronic components, serving a wide range of industries including industrial, automotive, computing, consumer electronics, telecommunications, medical, and military/aerospace markets. The company’s portfolio encompasses resistors, capacitors, inductors, sensors, diodes, rectifiers, MOSFETs and a variety of integrated circuit solutions. Vishay’s components are used in power management, signal conditioning, circuit protection and sensing applications, supporting both standard and custom designs for original equipment manufacturers worldwide.

Originally founded in 1962 by Dr.