Vishay Intertechnology (NYSE:VSH) Stock Bumped Down to “Hold” by Zacks Research

Zacks Research downgraded shares of Vishay Intertechnology (NYSE:VSH) from a strong-buy rating to a hold rating in a research report released on Tuesday,Zacks reports.

A number of other analysts have also commented on the company. Needham & Company LLC assumed coverage on Vishay Intertechnology in a report on Tuesday, August 4th. They issued a “buy” rating and a $45.00 target price for the company. Wall Street Zen raised Vishay Intertechnology from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Truist Financial began coverage on Vishay Intertechnology in a research report on Thursday, September 3rd. They set a “buy” rating and a $42.00 price objective on the stock. Oppenheimer lifted their price objective on Vishay Intertechnology from $42.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, October 8th. Finally, Raymond James Financial started coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.67.

Vishay Intertechnology Price Performance

Shares of VSH opened at $25.75 on Tuesday. The company has a market capitalization of $3.95 billion, a P/E ratio of 135.51, a price-to-earnings-growth ratio of 3.21 and a beta of 1.90. The company has a quick ratio of 1.27, a current ratio of 1.80 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average of $31.10 and a 200 day moving average of $32.13. Vishay Intertechnology has a twelve month low of $11.77 and a twelve month high of $69.47.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Wednesday, November 4th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.08. The business had revenue of $978.94 million for the quarter, compared to analysts’ expectations of $965.40 million. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%. The firm’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.04 EPS. As a group, equities research analysts anticipate that Vishay Intertechnology will post 0.85 earnings per share for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were issued a $0.10 dividend. The ex-dividend date was Thursday, September 10th. This represents a $0.40 annualized dividend and a yield of 1.6%. Vishay Intertechnology’s dividend payout ratio (DPR) is currently 210.53%.

Insider Buying and Selling

In other Vishay Intertechnology news, Director Raanan Zilberman sold 16,575 shares of the business’s stock in a transaction on 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 approximately $1,143,983.34. The trade was a 34.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 8.35% of the company’s stock.

Hedge Funds Weigh In On Vishay Intertechnology

Several hedge funds and other institutional investors have recently modified their holdings of the company. Andar Capital Management HK Ltd purchased a new stake in shares of Vishay Intertechnology in the 2nd quarter worth $160,000,000. Valliance Asset Management Ltd purchased a new position in Vishay Intertechnology in the 2nd quarter worth approximately $146,405,000. William Blair Investment Management LLC purchased a new position in shares of Vishay Intertechnology in the second quarter worth $79,095,000. Assenagon Asset Management S.A. bought a new position in shares of Vishay Intertechnology during the 3rd quarter valued at about $38,800,000. Finally, Brooklands Fund Management Ltd bought a new position in Vishay Intertechnology during the third quarter valued at approximately $25,864,000. 93.66% of the stock is owned by institutional investors.

Vishay Intertechnology News Roundup

Here are the key news stories impacting Vishay Intertechnology this week:

• Positive Sentiment: Fiscal Q3 adjusted EPS was $0.37, above the $0.29 consensus and up from $0.04 a year earlier. Revenue rose 23.8% year over year to $978.9 million, exceeding the $965.4 million estimate. Vishay Q3 results
• Positive Sentiment: A Q3 analysis highlights market-share gains and the company’s distribution strategy as drivers of revenue growth, suggesting momentum in its business. Q3 market-share and distribution analysis
• Neutral Sentiment: Vishay initiated its fiscal Q4 sales outlook. The provided reports do not include the forecast figures, so investors will want to compare them with expectations. Q3 results and Q4 guidance
• Negative Sentiment: Zacks Research downgraded VSH from “strong buy” to “hold,” a change in analyst sentiment that may temper the positive reaction to the earnings beat. Zacks downgrade report

About Vishay Intertechnology

Vishay Intertechnology, Inc is a global manufacturer of electronic components used in industrial, automotive, computing, telecommunications, consumer electronics, aerospace and defense, and medical applications. The company’s portfolio includes passive components and semiconductor products that support power management, signal processing, sensing, connectivity and energy conversion.

Its products include resistors, capacitors, inductors, diodes, rectifiers, power MOSFETs, optoelectronic components, sensors, transducers and related power and circuit-protection devices.