Vishay Intertechnology (NYSE:VSH) Upgraded by Argus to Strong-Buy Rating

Argus upgraded shares of Vishay Intertechnology (NYSE:VSH) to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

Several other brokerages also recently issued reports on VSH. Weiss Ratings reiterated a “sell (d)” rating on shares of Vishay Intertechnology in a report on Wednesday, January 21st. Bank of America increased their price target on Vishay Intertechnology from $14.00 to $16.00 and gave the company an “underperform” rating in a research report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. raised their price objective on Vishay Intertechnology from $14.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $18.00.

Vishay Intertechnology Price Performance

Shares of VSH stock opened at $20.27 on Monday. The business has a fifty day simple moving average of $16.81 and a 200 day simple moving average of $15.79. The company has a market cap of $2.75 billion, a P/E ratio of -290.52 and a beta of 1.14. The company has a quick ratio of 1.57, a current ratio of 2.62 and a debt-to-equity ratio of 0.46. Vishay Intertechnology has a twelve month low of $10.35 and a twelve month high of $22.00.

Vishay Intertechnology (NYSE:VSH) last issued its earnings results on Wednesday, February 4th. The semiconductor company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). Vishay Intertechnology had a negative return on equity of 0.32% and a negative net margin of 0.29%.The business had revenue of $800.92 million for the quarter, compared to analyst estimates of $790.47 million. Vishay Intertechnology’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, sell-side analysts forecast that Vishay Intertechnology will post 0.53 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Wednesday, December 3rd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, December 3rd. Vishay Intertechnology’s dividend payout ratio is -571.43%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. ProShare Advisors LLC increased its stake in shares of Vishay Intertechnology by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 23,569 shares of the semiconductor company’s stock valued at $342,000 after buying an additional 699 shares during the period. State of Alaska Department of Revenue raised its holdings in Vishay Intertechnology by 0.3% in the 4th quarter. State of Alaska Department of Revenue now owns 248,135 shares of the semiconductor company’s stock worth $3,595,000 after purchasing an additional 743 shares in the last quarter. KLP Kapitalforvaltning AS lifted its position in shares of Vishay Intertechnology by 3.8% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 22,100 shares of the semiconductor company’s stock worth $338,000 after purchasing an additional 800 shares during the period. GAMMA Investing LLC boosted its stake in shares of Vishay Intertechnology by 12.2% during the 3rd quarter. GAMMA Investing LLC now owns 9,697 shares of the semiconductor company’s stock valued at $148,000 after purchasing an additional 1,052 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Vishay Intertechnology by 4.0% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 28,364 shares of the semiconductor company’s stock valued at $450,000 after purchasing an additional 1,101 shares in the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.

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.