Vishay Intertechnology (VSH) Upgraded by ValuEngine to Buy
ValuEngine upgraded shares of Vishay Intertechnology (NYSE:VSH) from a hold rating to a buy rating in a research note issued to investors on Friday.
Separately, Zacks Investment Research raised shares of Vishay Intertechnology from a hold rating to a buy rating and set a $18.00 target price on the stock in a research note on Friday, April 14th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of Buy and an average price target of $16.50.
Vishay Intertechnology (VSH) opened at 16.85 on Friday. The company’s 50-day moving average price is $16.46 and its 200 day moving average price is $16.20. Vishay Intertechnology has a 52-week low of $11.68 and a 52-week high of $17.60. The stock has a market capitalization of $2.46 billion, a P/E ratio of 44.11 and a beta of 1.12.
Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings results on Wednesday, May 3rd. The semiconductor company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.23 by $0.05. Vishay Intertechnology had a net margin of 2.10% and a return on equity of 7.72%. The company had revenue of $606 million for the quarter, compared to analyst estimates of $598.72 million. During the same period in the prior year, the company earned $0.19 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. On average, equities research analysts predict that Vishay Intertechnology will post $1.20 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, June 13th. Vishay Intertechnology’s payout ratio is currently 78.13%.
In other news, insider Gerald Paul sold 50,000 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $16.76, for a total transaction of $838,000.00. Following the sale, the insider now directly owns 212,986 shares of the company’s stock, valued at approximately $3,569,645.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 7.91% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Glen Harbor Capital Management LLC raised its stake in Vishay Intertechnology by 7.4% in the first quarter. Glen Harbor Capital Management LLC now owns 6,050 shares of the semiconductor company’s stock valued at $100,000 after buying an additional 418 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Vishay Intertechnology by 83.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,200 shares of the semiconductor company’s stock valued at $102,000 after buying an additional 2,827 shares during the last quarter. Elkfork Partners LLC purchased a new stake in Vishay Intertechnology during the fourth quarter valued at about $116,000. US Bancorp DE raised its stake in Vishay Intertechnology by 0.5% in the first quarter. US Bancorp DE now owns 8,759 shares of the semiconductor company’s stock valued at $144,000 after buying an additional 45 shares during the last quarter. Finally, Meadow Creek Investment Management LLC raised its stake in Vishay Intertechnology by 7.4% in the first quarter. Meadow Creek Investment Management LLC now owns 9,350 shares of the semiconductor company’s stock valued at $154,000 after buying an additional 646 shares during the last quarter.
Vishay Intertechnology Company Profile
Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five product segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors and Capacitors. MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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