Vishay Intertechnology, Inc. (NYSE:VSH) has been assigned a consensus rating of “Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $15.00.
Several brokerages have recently weighed in on VSH. Zacks Investment Research raised shares of Vishay Intertechnology from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Friday, April 14th. ValuEngine raised shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub cut shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd.
Vishay Intertechnology (VSH) traded down 0.29% during mid-day trading on Friday, reaching $17.20. The company’s stock had a trading volume of 261,663 shares. The company has a 50-day moving average price of $16.59 and a 200-day moving average price of $16.35. Vishay Intertechnology has a 12-month low of $11.89 and a 12-month high of $17.60. The firm has a market cap of $2.51 billion, a PE ratio of 45.03 and a beta of 1.21.
Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings results on Wednesday, May 3rd. The semiconductor company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.05. Vishay Intertechnology had a net margin of 2.44% and a return on equity of 8.68%. The business had revenue of $606 million during the quarter, compared to analysts’ expectations of $598.72 million. During the same quarter in the prior year, the company posted $0.19 EPS. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities research analysts expect that Vishay Intertechnology will post $1.20 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 29th. Stockholders of record on Thursday, June 15th were given a dividend of $0.0625 per share. The ex-dividend date was Tuesday, June 13th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.45%. Vishay Intertechnology’s payout ratio is currently 67.57%.
In other Vishay Intertechnology news, insider Gerald Paul sold 50,000 shares of the stock in a transaction on Friday, May 12th. The shares were sold at an average price of $16.76, for a total transaction of $838,000.00. Following the sale, the insider now directly owns 212,986 shares of the company’s stock, valued at $3,569,645.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.91% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in VSH. Russell Investments Group Ltd. acquired a new position in Vishay Intertechnology during the fourth quarter worth $5,397,000. Comerica Bank increased its position in Vishay Intertechnology by 5.6% in the fourth quarter. Comerica Bank now owns 100,559 shares of the semiconductor company’s stock valued at $1,689,000 after buying an additional 5,341 shares in the last quarter. State Street Corp increased its position in Vishay Intertechnology by 1.0% in the fourth quarter. State Street Corp now owns 4,476,042 shares of the semiconductor company’s stock valued at $72,518,000 after buying an additional 43,968 shares in the last quarter. Marshall Wace LLP increased its position in Vishay Intertechnology by 220.4% in the fourth quarter. Marshall Wace LLP now owns 80,814 shares of the semiconductor company’s stock valued at $1,309,000 after buying an additional 55,593 shares in the last quarter. Finally, Elkfork Partners LLC bought a new stake in shares of Vishay Intertechnology during the fourth quarter valued at $116,000.
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About Vishay Intertechnology
Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five product segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors and Capacitors. MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs.
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