Vishay Intertechnology (NYSE:VSH) Rating Increased to Hold at StockNews.com

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

Separately, JPMorgan Chase & Co. began coverage on shares of Vishay Intertechnology in a report on Monday, December 16th. They set a “neutral” rating and a $19.00 target price for the company.

Vishay Intertechnology Trading Up 1.3 %

NYSE VSH opened at $17.77 on Thursday. Vishay Intertechnology has a 1 year low of $14.95 and a 1 year high of $24.68. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 1.85. The company has a market capitalization of $2.41 billion, a PE ratio of 28.66 and a beta of 1.12. The company has a fifty day moving average of $17.46 and a 200 day moving average of $19.58.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06). The company had revenue of $735.35 million during the quarter, compared to analyst estimates of $748.84 million. Vishay Intertechnology had a net margin of 2.88% and a return on equity of 5.35%. The business’s quarterly revenue was down 13.9% compared to the same quarter last year. During the same period last year, the firm earned $0.60 EPS. Research analysts forecast that Vishay Intertechnology will post 0.55 earnings per share for the current year.

Vishay Intertechnology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 2.25%. Vishay Intertechnology’s payout ratio is 64.52%.

Institutional Inflows and Outflows

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

About Vishay Intertechnology

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.