Vishay Intertechnology (NYSE:VSH) Price Target Raised to $16.00

Vishay Intertechnology (NYSE:VSH) had its target price hoisted by Bank of America from $14.00 to $16.00 in a research note issued to investors on Thursday,Benzinga reports. Bank of America currently has an underperform rating on the semiconductor company’s stock.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Vishay Intertechnology in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Vishay Intertechnology has an average rating of “Sell” and an average target price of $16.00.

Vishay Intertechnology Price Performance

Shares of NYSE VSH opened at $18.47 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.67 and a quick ratio of 1.60. The company has a market cap of $2.50 billion, a price-to-earnings ratio of -32.41 and a beta of 1.12. The stock’s 50-day moving average is $15.22 and its two-hundred day moving average is $15.61. Vishay Intertechnology has a 1-year low of $10.35 and a 1-year high of $19.81.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings data on Wednesday, November 5th. The semiconductor company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. The business had revenue of $790.64 million during the quarter, compared to the consensus estimate of $779.81 million. Vishay Intertechnology had a negative return on equity of 0.36% and a negative net margin of 2.56%.The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 earnings per share. Analysts forecast that Vishay Intertechnology will post 0.53 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Wednesday, December 3rd were issued a $0.10 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $0.40 annualized dividend and a dividend yield of 2.2%. Vishay Intertechnology’s dividend payout ratio is presently -70.18%.

Institutional Investors Weigh In On Vishay Intertechnology

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its stake in Vishay Intertechnology by 0.3% in the fourth quarter. State of Alaska Department of Revenue now owns 248,135 shares of the semiconductor company’s stock valued at $3,595,000 after acquiring an additional 743 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Vishay Intertechnology by 46.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 16,410 shares of the semiconductor company’s stock worth $238,000 after purchasing an additional 5,230 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Vishay Intertechnology by 355.0% during the fourth quarter. SG Americas Securities LLC now owns 149,461 shares of the semiconductor company’s stock worth $2,166,000 after purchasing an additional 116,609 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Vishay Intertechnology in the 3rd quarter valued at about $12,306,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of Vishay Intertechnology in the 3rd quarter valued at about $351,000. 93.66% of the stock is currently owned by institutional investors and hedge funds.

Vishay Intertechnology Company Profile

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.