Vishay Intertechnology (NYSE:VSH) Stock Price Up 8.4% – Time to Buy?

Vishay Intertechnology, Inc. (NYSE:VSH)’s share price traded up 8.4% during mid-day trading on Thursday . The company traded as high as $60.29 and last traded at $60.2410. 2,322,956 shares were traded during trading, a decline of 43% from the average daily volume of 4,067,353 shares. The stock had previously closed at $55.59.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on VSH shares. Zacks Research raised shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Wall Street Zen downgraded shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Bank of America raised their price objective on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a report on Thursday, May 14th. Finally, Weiss Ratings raised Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Vishay Intertechnology Price Performance

The firm has a market cap of $8.34 billion, a PE ratio of 6,134.10 and a beta of 1.76. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.64 and a quick ratio of 1.53. The firm has a 50-day simple moving average of $43.99 and a 200 day simple moving average of $26.95.

Vishay Intertechnology (NYSE:VSH) last released its earnings results on Wednesday, May 13th. The semiconductor company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $839.24 million for the quarter, compared to the consensus estimate of $823.54 million. Vishay Intertechnology had a net margin of 0.07% and a return on equity of 0.22%. The company’s revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.03) EPS. As a group, equities analysts expect that Vishay Intertechnology, Inc. will post 0.75 EPS for the current year.

Vishay Intertechnology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Thursday, June 18th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.7%. Vishay Intertechnology’s dividend payout ratio (DPR) is currently 4,000.00%.

Institutional Trading of Vishay Intertechnology

A number of hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its stake in shares of Vishay Intertechnology by 11,394.9% in the 1st quarter. NewEdge Advisors LLC now owns 175,412 shares of the semiconductor company’s stock worth $3,157,000 after buying an additional 173,886 shares during the last quarter. Edgestream Partners L.P. boosted its holdings in Vishay Intertechnology by 127.4% in the first quarter. Edgestream Partners L.P. now owns 316,191 shares of the semiconductor company’s stock worth $5,691,000 after acquiring an additional 177,151 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Vishay Intertechnology by 21.1% in the first quarter. California State Teachers Retirement System now owns 131,611 shares of the semiconductor company’s stock worth $2,369,000 after acquiring an additional 22,902 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of Vishay Intertechnology by 9.4% in the first quarter. Quantinno Capital Management LP now owns 73,049 shares of the semiconductor company’s stock worth $1,315,000 after acquiring an additional 6,290 shares during the last quarter. Finally, SummitTX Capital L.P. bought a new position in shares of Vishay Intertechnology during the first quarter valued at $2,555,000. 93.66% of the stock is owned by institutional investors.

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.