Zacks Investment Research upgraded shares of Vishay Intertechnology Inc. (NYSE:VSH) from a hold rating to a strong-buy rating in a research report released on Thursday morning. The firm currently has $16.00 price target on the stock.
According to Zacks, “Vishay Intertechnology, Inc. is a leading international manufacturer and supplier of discrete passive electronic components and discrete active electronic components, particularly resistors, capacitors, inductors, diodes and transistors. The company offers its customers one-stop access to one of the most comprehensive electronic component lines of any manufacturer in the United States or Europe. Passive electronic components, discrete active electronic components and integrated circuits are the primary elements of every electronic circuit. “
Separately, Argus restated a buy rating on shares of Vishay Intertechnology in a research report on Wednesday, August 10th.
Shares of Vishay Intertechnology (NYSE:VSH) opened at 13.95 on Thursday. The stock’s 50 day moving average price is $13.96 and its 200-day moving average price is $13.05. Vishay Intertechnology has a 52 week low of $9.96 and a 52 week high of $14.28. The company’s market cap is $2.05 billion.
Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. Vishay Intertechnology had a positive return on equity of 6.55% and a negative net margin of 4.58%. The company earned $590 million during the quarter, compared to the consensus estimate of $586.45 million. During the same period last year, the company earned $0.20 earnings per share. The firm’s revenue was down .1% compared to the same quarter last year. Analysts expect that Vishay Intertechnology will post $0.88 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Tuesday, September 13th. Vishay Intertechnology’s dividend payout ratio (DPR) is presently -35.21%.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. boosted its position in Vishay Intertechnology by 2.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,888,615 shares of the company’s stock valued at $47,480,000 after buying an additional 104,475 shares during the last quarter. BlackRock Inc. boosted its position in Vishay Intertechnology by 7.3% in the first quarter. BlackRock Inc. now owns 56,526 shares of the company’s stock valued at $690,000 after buying an additional 3,828 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Vishay Intertechnology by 41.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,958,689 shares of the company’s stock valued at $23,916,000 after buying an additional 577,276 shares during the last quarter. Nordea Investment Management AB boosted its position in Vishay Intertechnology by 4.3% in the second quarter. Nordea Investment Management AB now owns 118,342 shares of the company’s stock valued at $1,466,000 after buying an additional 4,871 shares during the last quarter. Finally, Emerald Acquisition Ltd. acquired a new position in Vishay Intertechnology during the second quarter valued at approximately $4,341,000.
Vishay Intertechnology Company Profile
Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five segments. The MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs. The Diodes segment’s products include rectifiers, small signal diodes, protection diodes, thyristors/silicon-controlled rectifiers (SCRs) and power modules.
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