Vishay Intertechnology Inc. (VSH) Lifted to Strong-Buy at Zacks Investment Research
Vishay Intertechnology Inc. (NYSE:VSH) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday. The firm currently has a $16.00 price target on the stock. Zacks Investment Research’s price target points to a potential upside of 14.12% from the company’s current price.
According to Zacks, “Vishay Intertechnology, Inc. is a leading international manufacturer and supplier of discrete passive electronic components and discrete active electronic components, particularly resistors, capacitors, inductors, diodes and transistors. The company offers its customers one-stop access to one of the most comprehensive electronic component lines of any manufacturer in the United States or Europe. Passive electronic components, discrete active electronic components and integrated circuits are the primary elements of every electronic circuit. “
Separately, Argus restated a “buy” rating on shares of Vishay Intertechnology in a report on Wednesday, August 10th.
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Shares of Vishay Intertechnology (NYSE:VSH) opened at 14.02 on Thursday. Vishay Intertechnology has a 52-week low of $9.96 and a 52-week high of $14.28. The company’s 50 day moving average price is $13.99 and its 200 day moving average price is $12.99. The stock’s market capitalization is $2.06 billion.
Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. Vishay Intertechnology had a positive return on equity of 6.55% and a negative net margin of 4.58%. The company earned $590 million during the quarter, compared to analysts’ expectations of $586.45 million. During the same quarter in the previous year, the business earned $0.20 EPS. Vishay Intertechnology’s revenue was down .1% compared to the same quarter last year. On average, equities research analysts anticipate that Vishay Intertechnology will post $0.88 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Tuesday, September 13th. Vishay Intertechnology’s payout ratio is -35.21%.
Institutional investors have recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. increased its position in Vishay Intertechnology by 2.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,888,615 shares of the company’s stock worth $47,480,000 after buying an additional 104,475 shares during the last quarter. BlackRock Inc. increased its position in Vishay Intertechnology by 7.3% in the first quarter. BlackRock Inc. now owns 56,526 shares of the company’s stock worth $690,000 after buying an additional 3,828 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Vishay Intertechnology by 41.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,958,689 shares of the company’s stock worth $23,916,000 after buying an additional 577,276 shares during the last quarter. Nordea Investment Management AB increased its position in Vishay Intertechnology by 4.3% in the second quarter. Nordea Investment Management AB now owns 118,342 shares of the company’s stock worth $1,466,000 after buying an additional 4,871 shares during the last quarter. Finally, Emerald Acquisition Ltd. purchased a new position in Vishay Intertechnology during the second quarter worth about $4,341,000.
About Vishay Intertechnology
Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five segments. The MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs. The Diodes segment’s products include rectifiers, small signal diodes, protection diodes, thyristors/silicon-controlled rectifiers (SCRs) and power modules.
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