Vishay Intertechnology (NYSE:VSH) Stock Rating Raised to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Vishay Intertechnology (NYSE:VSH) from a hold rating to a buy rating in a research note released on Saturday morning,Wall Street Zen reports.

A number of other brokerages have also recently weighed in on VSH. Raymond James Financial assumed coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 price target for the company. Truist Financial started coverage on shares of Vishay Intertechnology in a research report on Thursday, September 3rd. They issued a “buy” rating and a $42.00 price objective on the stock. Oppenheimer increased their price objective on shares of Vishay Intertechnology from $42.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday. Needham & Company LLC started coverage on shares of Vishay Intertechnology in a report on Tuesday, August 4th. They set a “buy” rating and a $45.00 target price for the company. Finally, Weiss Ratings cut shares of Vishay Intertechnology from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Vishay Intertechnology currently has a consensus rating of “Moderate Buy” and an average target price of $36.67.

Vishay Intertechnology Stock Performance

VSH opened at $34.08 on Friday. Vishay Intertechnology has a 1-year low of $11.77 and a 1-year high of $69.47. The stock has a market cap of $5.23 billion, a P/E ratio of 179.37, a P/E/G ratio of 4.01 and a beta of 1.79. The stock’s 50 day simple moving average is $32.93 and its 200 day simple moving average is $37.06. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.80 and a quick ratio of 1.27.

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

Vishay Intertechnology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, September 10th. Vishay Intertechnology’s dividend payout ratio is currently 210.53%.

Insider Activity at Vishay Intertechnology

In related news, Director Raanan Zilberman sold 16,575 shares of Vishay Intertechnology stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $35.82, for a total transaction of $593,716.50. Following the completion of the sale, the director owned 31,937 shares in the company, valued at approximately $1,143,983.34. This trade represents a 34.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.35% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VSH. Rockefeller Capital Management L.P. boosted its stake in shares of Vishay Intertechnology by 212.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 1,402 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new position in shares of Vishay Intertechnology during the second quarter valued at approximately $32,000. Rakuten Securities Inc. acquired a new stake in Vishay Intertechnology during the second quarter worth approximately $47,000. Integrated Wealth Concepts LLC acquired a new stake in Vishay Intertechnology during the second quarter worth approximately $49,000. Finally, Allworth Financial LP purchased a new stake in Vishay Intertechnology in the 2nd quarter worth approximately $54,000. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc (NYSE:VSH) is a manufacturer of electronic components used in a broad range of electrical and electronic systems. Its portfolio includes passive components such as resistors, capacitors, inductors and sensors, as well as semiconductor products including diodes, rectifiers, MOSFETs and optoelectronic devices.

The company’s products support applications in automotive, industrial, computing, telecommunications, consumer electronics, medical equipment, aerospace and defense.