Vishay Intertechnology (NYSE:VSH) Hits New 52-Week High – Should You Buy?

Shares of Vishay Intertechnology, Inc. (NYSE:VSH) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $67.32 and last traded at $67.23, with a volume of 1236983 shares changing hands. The stock had previously closed at $60.33.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Zacks Research raised shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Bank of America upped their price target on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a report on Thursday, May 14th. Wall Street Zen cut shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Weiss Ratings raised shares of Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Vishay Intertechnology has an average rating of “Moderate Buy” and an average price target of $24.00.

Vishay Intertechnology Trading Up 10.0%

The stock has a market cap of $9.03 billion, a P/E ratio of 6,583.70 and a beta of 1.76. The firm’s fifty day moving average price is $39.96 and its two-hundred day moving average price is $25.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.64 and a quick ratio of 1.53.

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

Vishay Intertechnology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Thursday, June 18th will be given a $0.10 dividend. The ex-dividend date is Thursday, June 18th. This represents a $0.40 annualized dividend and a yield of 0.6%. Vishay Intertechnology’s payout ratio is 4,000.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VSH. Royal Bank of Canada grew its position in Vishay Intertechnology by 26.6% in the first quarter. Royal Bank of Canada now owns 71,823 shares of the semiconductor company’s stock worth $1,142,000 after acquiring an additional 15,079 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Vishay Intertechnology by 3.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,123 shares of the semiconductor company’s stock worth $1,179,000 after acquiring an additional 2,250 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Vishay Intertechnology by 5.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 250,154 shares of the semiconductor company’s stock valued at $3,977,000 after buying an additional 12,547 shares during the period. AXA S.A. boosted its position in Vishay Intertechnology by 13.5% during the second quarter. AXA S.A. now owns 176,254 shares of the semiconductor company’s stock valued at $2,799,000 after buying an additional 20,950 shares during the period. Finally, Quantinno Capital Management LP boosted its position in Vishay Intertechnology by 132.4% during the second quarter. Quantinno Capital Management LP now owns 52,791 shares of the semiconductor company’s stock valued at $838,000 after buying an additional 30,075 shares during the period. 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.