Vishay Intertechnology (NYSE:VSH) Stock Rating Upgraded by StockNews.com

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

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

Vishay Intertechnology Stock Performance

Shares of Vishay Intertechnology stock opened at $17.77 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.85 and a current ratio of 2.81. The business’s 50 day moving average price is $17.46 and its 200 day moving average price is $19.58. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 28.66 and a beta of 1.12. Vishay Intertechnology has a one year low of $14.95 and a one year high of $24.68.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.06). Vishay Intertechnology had a return on equity of 5.35% and a net margin of 2.88%. The company had revenue of $735.35 million for the quarter, compared to analysts’ expectations of $748.84 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The firm’s revenue was down 13.9% on a year-over-year basis. On average, research analysts predict that Vishay Intertechnology will post 0.55 EPS for the current year.

Vishay Intertechnology Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Matrix Trust Co acquired a new position in Vishay Intertechnology during the third quarter worth $25,000. nVerses Capital LLC purchased a new stake in shares of Vishay Intertechnology in the 2nd quarter valued at $45,000. Northwestern Mutual Wealth Management Co. lifted its stake in Vishay Intertechnology by 11,136.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,135 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 2,116 shares in the last quarter. Adirondack Trust Co. boosted its holdings in Vishay Intertechnology by 71.4% during the 3rd quarter. Adirondack Trust Co. now owns 4,800 shares of the semiconductor company’s stock valued at $91,000 after acquiring an additional 2,000 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new position in Vishay Intertechnology in the 3rd quarter valued at about $101,000. Institutional investors and hedge funds 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.