Vishay Intertechnology (NYSE:VSH) Trading 8.5% Higher – Time to Buy?

Vishay Intertechnology, Inc. (NYSE:VSH)’s share price traded up 8.5% on Monday . The company traded as high as $50.39 and last traded at $49.8420. Approximately 952,247 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 4,355,388 shares. The stock had previously closed at $45.92.

Analyst Ratings Changes

VSH has been the subject of a number of recent analyst reports. Bank of America lifted their price target on Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a report on Thursday, May 14th. Weiss Ratings upgraded Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Wall Street Zen lowered Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Finally, Zacks Research upgraded Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Vishay Intertechnology currently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Vishay Intertechnology Stock Performance

The company has a current ratio of 2.64, a quick ratio of 1.53 and a debt-to-equity ratio of 0.47. The firm’s fifty day moving average price is $47.79 and its 200-day moving average price is $28.79. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 4,843.40 and a beta of 1.76.

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

Vishay Intertechnology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Thursday, June 18th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. Vishay Intertechnology’s payout ratio is 4,000.00%.

Institutional Trading of Vishay Intertechnology

Several institutional investors and hedge funds have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. purchased a new position in Vishay Intertechnology during the 4th quarter worth approximately $25,009,000. Woodline Partners LP increased its position in Vishay Intertechnology by 25.3% during the third quarter. Woodline Partners LP now owns 6,813,765 shares of the semiconductor company’s stock worth $104,251,000 after buying an additional 1,377,356 shares during the period. Jain Global LLC lifted its stake in Vishay Intertechnology by 841.5% in the fourth quarter. Jain Global LLC now owns 910,143 shares of the semiconductor company’s stock valued at $13,188,000 after buying an additional 813,472 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in Vishay Intertechnology in the third quarter valued at approximately $12,306,000. Finally, Two Sigma Investments LP boosted its holdings in shares of Vishay Intertechnology by 1,440.5% in the third quarter. Two Sigma Investments LP now owns 844,508 shares of the semiconductor company’s stock valued at $12,921,000 after acquiring an additional 789,686 shares during the period. 93.66% of the stock is owned by hedge funds and other institutional investors.

About Vishay Intertechnology

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.