Vishay Intertechnology (NYSE:VSH) Raised to "Hold" at StockNews.com

StockNews.com upgraded shares of Vishay Intertechnology (NYSE:VSH - Free Report) from a sell rating to a hold rating in a research report sent to investors on Tuesday.

Separately, TD Cowen cut their target price on Vishay Intertechnology from $24.00 to $22.00 and set a "hold" rating on the stock in a research note on Thursday, August 8th.

Vishay Intertechnology Stock Up 0.1 %

NYSE VSH traded up $0.01 on Tuesday, hitting $15.23. 1,783,056 shares of the company were exchanged, compared to its average volume of 1,237,096. The company has a current ratio of 2.81, a quick ratio of 1.85 and a debt-to-equity ratio of 0.38. The company has a market cap of $2.07 billion, a PE ratio of 24.56 and a beta of 1.09. The stock has a fifty day moving average of $17.75 and a 200-day moving average of $20.60. Vishay Intertechnology has a 12 month low of $14.95 and a 12 month high of $24.72.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last issued its earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.06). Vishay Intertechnology had a return on equity of 5.35% and a net margin of 2.88%. The firm had revenue of $735.35 million during the quarter, compared to the consensus estimate of $748.84 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. Vishay Intertechnology's revenue for the quarter was down 13.9% on a year-over-year basis. As a group, analysts forecast that Vishay Intertechnology will post 0.55 earnings per share for the current year.

Vishay Intertechnology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.40 annualized dividend and a yield of 2.63%. Vishay Intertechnology's payout ratio is currently 64.52%.

Institutional Trading of Vishay Intertechnology

Several hedge funds have recently added to or reduced their stakes in VSH. Coldstream Capital Management Inc. purchased a new stake in Vishay Intertechnology during the third quarter valued at about $196,000. Y Intercept Hong Kong Ltd bought a new position in shares of Vishay Intertechnology during the 3rd quarter valued at about $453,000. Dean Investment Associates LLC lifted its stake in shares of Vishay Intertechnology by 32.8% in the 3rd quarter. Dean Investment Associates LLC now owns 153,730 shares of the semiconductor company's stock valued at $2,907,000 after acquiring an additional 37,951 shares during the last quarter. Weiss Asset Management LP purchased a new stake in shares of Vishay Intertechnology during the third quarter valued at approximately $1,055,000. Finally, Systematic Financial Management LP grew its holdings in shares of Vishay Intertechnology by 15.1% in the third quarter. Systematic Financial Management LP now owns 1,388,337 shares of the semiconductor company's stock worth $26,253,000 after purchasing an additional 182,212 shares during the last quarter. Institutional investors 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.