Vishay Intertechnology (NYSE:VSH) Shares Up 12.8% – Still a Buy?

Shares of Vishay Intertechnology, Inc. (NYSE:VSH) shot up 12.8% during trading on Monday. The company traded as high as $26.23 and last traded at $26.2690. 1,330,767 shares changed hands during trading, a decline of 69% from the average daily volume of 4,353,584 shares. The stock had previously closed at $23.28.

Wall Street Analyst Weigh In

A number of research firms have commented on VSH. Williams Trading set a $38.00 target price on shares of Vishay Intertechnology in a research report on Thursday. Needham & Company LLC lowered their price objective on shares of Vishay Intertechnology from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday. Zacks Research cut shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 3rd. Wall Street Zen raised shares of Vishay Intertechnology from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Weiss Ratings lowered shares of Vishay Intertechnology from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.86.

Vishay Intertechnology Stock Up 12.3%

The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.27 and a current ratio of 3.31. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 42.24, a price-to-earnings-growth ratio of 2.44 and a beta of 1.90. The business has a 50-day simple moving average of $30.75 and a 200-day simple moving average of $32.17.

Vishay Intertechnology (NYSE:VSH) last announced 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. Vishay Intertechnology had a return on equity of 3.80% and a net margin of 2.72%. The business had revenue of $978.94 million during the quarter, compared to analysts’ expectations of $965.40 million. During the same quarter last year, the business posted $0.04 EPS. The business’s quarterly revenue was up 23.8% compared to the same quarter last year. On average, equities analysts anticipate that Vishay Intertechnology, Inc. will post 0.95 earnings per share for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The company 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 of this dividend was Thursday, September 10th. This represents a $0.40 annualized dividend and a yield of 1.5%. Vishay Intertechnology’s dividend payout ratio (DPR) is 64.52%.

Insider Transactions at Vishay Intertechnology

In related news, Director Raanan Zilberman sold 16,575 shares of Vishay Intertechnology stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $35.82, for a total value of $593,716.50. Following the completion of the transaction, the director owned 31,937 shares in the company, valued at $1,143,983.34. The trade was a 34.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC acquired a new stake in shares of Vishay Intertechnology during the 3rd quarter worth about $26,000. Rockefeller Capital Management L.P. boosted its holdings in Vishay Intertechnology by 212.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 1,402 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new position in Vishay Intertechnology in the second quarter valued at approximately $32,000. Parallel Advisors LLC boosted its holdings in Vishay Intertechnology by 90.4% in the third quarter. Parallel Advisors LLC now owns 1,173 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 557 shares in the last quarter. Finally, Rakuten Securities Inc. purchased a new position in Vishay Intertechnology in the second quarter valued at approximately $47,000. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc designs and manufactures discrete semiconductors and passive electronic components used in a wide range of electronic systems. Its products include diodes, MOSFETs, optoelectronic components, resistors, inductors, capacitors and sensors.

The company’s components are used in applications across markets such as automotive, industrial, computing, telecommunications, consumer electronics, medical and aerospace. Vishay serves customers worldwide through a global network of manufacturing and sales operations.

Founded in 1962 by physicist Felix Zandman, Vishay is headquartered in Malvern, Pennsylvania.