Vishay Intertechnology (NYSE:VSH) Lowered to Hold Rating by Zacks Research

Zacks Research downgraded shares of Vishay Intertechnology (NYSE:VSH) from a strong-buy rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

A number of other analysts also recently commented on VSH. Weiss Ratings upgraded Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Bank of America lifted their price target on Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a research report on Thursday, May 14th. Finally, Wall Street Zen downgraded Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $24.00.

Vishay Intertechnology Trading Up 6.4%

NYSE VSH opened at $39.75 on Monday. Vishay Intertechnology has a 1 year low of $11.77 and a 1 year high of $69.47. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.64 and a quick ratio of 1.53. The company has a market capitalization of $5.41 billion, a PE ratio of 3,975.40 and a beta of 1.76. The company has a fifty day moving average of $50.33 and a 200 day moving average of $31.02.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings results on Wednesday, May 13th. The semiconductor company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $839.24 million for the quarter, compared to the consensus estimate of $823.54 million. Vishay Intertechnology had a return on equity of 0.22% and a net margin of 0.07%.The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.03) EPS. Research analysts forecast that Vishay Intertechnology will post 0.75 earnings per share for the current year.

Vishay Intertechnology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 18th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, June 18th. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 4,000.00%.

Institutional Investors Weigh In On Vishay Intertechnology

Large investors have recently bought and sold shares of the company. Dana Investment Advisors Inc. lifted its position in shares of Vishay Intertechnology by 30.4% in the fourth quarter. Dana Investment Advisors Inc. now owns 185,302 shares of the semiconductor company’s stock valued at $2,685,000 after acquiring an additional 43,149 shares in the last quarter. Bernzott Capital Advisors raised its stake in Vishay Intertechnology by 12.9% in the 4th quarter. Bernzott Capital Advisors now owns 549,780 shares of the semiconductor company’s stock valued at $7,966,000 after purchasing an additional 62,753 shares during the last quarter. UBS Group AG lifted its holdings in Vishay Intertechnology by 173.0% in the 4th quarter. UBS Group AG now owns 995,668 shares of the semiconductor company’s stock valued at $14,427,000 after purchasing an additional 630,917 shares in the last quarter. SG Americas Securities LLC boosted its stake in Vishay Intertechnology by 355.0% during the 4th quarter. SG Americas Securities LLC now owns 149,461 shares of the semiconductor company’s stock worth $2,166,000 after purchasing an additional 116,609 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in Vishay Intertechnology during the 3rd quarter worth $12,306,000. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

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.