Vishay Intertechnology (NYSE:VSH) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of Vishay Intertechnology (NYSE:VSH) from a sell rating to a hold rating in a research report report published on Thursday.

Separately, JPMorgan Chase & Co. assumed coverage on Vishay Intertechnology in a research note on Monday, December 16th. They issued a “neutral” rating and a $19.00 target price on the stock.

Vishay Intertechnology Trading Down 1.6 %

NYSE:VSH opened at $17.48 on Thursday. Vishay Intertechnology has a 52-week low of $14.95 and a 52-week high of $24.68. The company has a quick ratio of 1.85, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $17.44 and a 200-day simple moving average of $19.52. The company has a market capitalization of $2.37 billion, a PE ratio of 28.19 and a beta of 1.12.

Vishay Intertechnology (NYSE:VSH) last posted its earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.06). Vishay Intertechnology had a net margin of 2.88% and a return on equity of 5.35%. The business had revenue of $735.35 million for the quarter, compared to analysts’ expectations of $748.84 million. During the same quarter last year, the business posted $0.60 earnings per share. The business’s revenue was down 13.9% compared to the same quarter last year. On average, equities research analysts expect that Vishay Intertechnology will post 0.55 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Tuesday, December 3rd. Vishay Intertechnology’s payout ratio is 64.52%.

Institutional Trading of Vishay Intertechnology

A number of hedge funds have recently bought and sold shares of VSH. Principal Financial Group Inc. increased its stake in Vishay Intertechnology by 1.2% in the third quarter. Principal Financial Group Inc. now owns 2,573,745 shares of the semiconductor company’s stock valued at $48,669,000 after purchasing an additional 30,515 shares during the last quarter. Coldstream Capital Management Inc. acquired a new position in shares of Vishay Intertechnology during the 3rd quarter valued at about $196,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Vishay Intertechnology during the 3rd quarter worth about $453,000. Dean Investment Associates LLC boosted its position in shares of Vishay Intertechnology by 32.8% in the third quarter. Dean Investment Associates LLC now owns 153,730 shares of the semiconductor company’s stock worth $2,907,000 after acquiring an additional 37,951 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in shares of Vishay Intertechnology in the third quarter worth approximately $1,055,000. Institutional investors and hedge funds own 93.66% of the company’s stock.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.