Vishay Intertechnology (NYSE:VSH) Price Target Raised to $45.00

Vishay Intertechnology (NYSE:VSH) had its price target boosted by Oppenheimer from $42.00 to $45.00 in a report released on Thursday,Benzinga reports. The firm currently has an outperform rating on the semiconductor company’s stock.

A number of other research analysts have also recently commented on VSH. Truist Financial initiated coverage on Vishay Intertechnology in a research note on Thursday, September 3rd. They issued a “buy” rating and a $42.00 target price on the stock. Wall Street Zen lowered Vishay Intertechnology from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. Weiss Ratings cut Vishay Intertechnology from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 25th. Raymond James Financial started coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They set an “outperform” rating and a $40.00 price objective on the stock. Finally, Zacks Research raised Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.67.

Vishay Intertechnology Trading Down 1.4%

Shares of Vishay Intertechnology stock opened at $34.08 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.80 and a quick ratio of 1.27. Vishay Intertechnology has a 1 year low of $11.77 and a 1 year high of $69.47. The firm has a market cap of $5.23 billion, a PE ratio of 179.37, a PEG ratio of 4.01 and a beta of 1.79. The company has a 50 day simple moving average of $32.93 and a two-hundred day simple moving average of $37.06.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. The firm had revenue of $918.58 million for the quarter, compared to analyst estimates of $897.03 million. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.07) EPS. Analysts expect that Vishay Intertechnology will post 0.85 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, September 10th. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 210.53%.

Insiders Place Their Bets

In other Vishay Intertechnology news, Director Raanan Zilberman sold 16,575 shares of the company’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $35.82, for a total transaction of $593,716.50. Following the completion of the sale, the director directly owned 31,937 shares in the company, valued at $1,143,983.34. This represents a 34.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.35% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vishay Intertechnology

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in shares of Vishay Intertechnology by 15.4% during the third quarter. GAMMA Investing LLC now owns 10,687 shares of the semiconductor company’s stock worth $348,000 after purchasing an additional 1,426 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Vishay Intertechnology by 275.9% in the third quarter. Farther Finance Advisors LLC now owns 3,503 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 2,571 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in Vishay Intertechnology during the 2nd quarter valued at about $385,000. Tidal Investments LLC purchased a new position in Vishay Intertechnology during the 2nd quarter valued at about $1,449,000. Finally, BlueCrest Capital Management Ltd bought a new position in Vishay Intertechnology during the 2nd quarter valued at approximately $10,756,000. Institutional investors own 93.66% of the company’s stock.

About Vishay Intertechnology

Vishay Intertechnology, Inc (NYSE:VSH) is a manufacturer of electronic components used in a broad range of electrical and electronic systems. Its portfolio includes passive components such as resistors, capacitors, inductors and sensors, as well as semiconductor products including diodes, rectifiers, MOSFETs and optoelectronic devices.

The company’s products support applications in automotive, industrial, computing, telecommunications, consumer electronics, medical equipment, aerospace and defense.