Vishay Intertechnology (NYSE:VSH) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Vishay Intertechnology (NYSE:VSH) from a buy rating to a hold rating in a report published on Saturday,Wall Street Zen reports.

Several other brokerages have also recently weighed in on VSH. Raymond James Financial assumed coverage on shares of Vishay Intertechnology in a research note on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 price objective for the company. Bank of America raised their target price 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. Zacks Research downgraded shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Needham & Company LLC began coverage on Vishay Intertechnology in a research note on Tuesday, August 4th. They issued a “buy” rating and a $45.00 price target for the company. Finally, Truist Financial started coverage on Vishay Intertechnology in a research report on Thursday, September 3rd. They set a “buy” rating and a $42.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $35.00.

Vishay Intertechnology Stock Up 0.2%

VSH stock opened at $31.86 on Friday. Vishay Intertechnology has a fifty-two week low of $11.77 and a fifty-two week high of $69.47. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.80 and a quick ratio of 1.27. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of 167.69, a PEG ratio of 3.74 and a beta of 1.80. The business’s fifty day moving average price is $36.53 and its two-hundred day moving average price is $34.65.

Vishay Intertechnology (NYSE:VSH) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. The company had revenue of $918.58 million during the quarter, compared to analysts’ expectations of $897.03 million. During the same quarter in the previous year, the business posted ($0.07) earnings per share. Vishay Intertechnology’s quarterly revenue was up 16.6% on a year-over-year basis. On average, equities analysts anticipate that Vishay Intertechnology will post 0.85 earnings per share for the current year.

Vishay Intertechnology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.3%. Vishay Intertechnology’s dividend payout ratio (DPR) is currently 210.53%.

Hedge Funds Weigh In On Vishay Intertechnology

Several hedge funds and other institutional investors have recently modified their holdings of VSH. Andar Capital Management HK Ltd acquired a new stake in shares of Vishay Intertechnology in the 2nd quarter valued at approximately $160,000,000. California State Teachers Retirement System grew its holdings in shares of Vishay Intertechnology by 5,625.0% during the 2nd quarter. California State Teachers Retirement System now owns 7,534,739 shares of the semiconductor company’s stock valued at $405,218,000 after purchasing an additional 7,403,128 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Vishay Intertechnology by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,102,376 shares of the semiconductor company’s stock worth $127,830,000 after purchasing an additional 208,472 shares in the last quarter. Woodline Partners LP increased its position in Vishay Intertechnology by 25.3% during the 3rd quarter. Woodline Partners LP now owns 6,813,765 shares of the semiconductor company’s stock worth $104,251,000 after purchasing an additional 1,377,356 shares in the last quarter. Finally, Deprince Race & Zollo Inc. lifted its stake in Vishay Intertechnology by 8.4% in the 1st quarter. Deprince Race & Zollo Inc. now owns 3,181,050 shares of the semiconductor company’s stock valued at $57,259,000 after purchasing an additional 247,060 shares during the last quarter. Institutional investors own 93.66% of the company’s stock.

About Vishay Intertechnology

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.