Zacks Investment Research upgraded shares of Vishay Intertechnology (NYSE:VSH) from a hold rating to a buy rating in a report published on Friday. The brokerage currently has $22.00 price target on the semiconductor company’s stock.
According to Zacks, “Vishay Intertechnology reported strong third quarter results wherein both earnings and revenues have reflected year over year growth on the back of robust product portfolio. Moreover, the company’s expanding manufacturing capacities across all product segments continued to drive the top-line growth in the reported quarter. Further, strong momentum in the automotive and industrial markets contributed significantly to the quarterly results. Additionally, benefits from the UltraSource buyout and favorable demand conditions in Americas and Europe were major positives. We believe the continued constraint in supply is positive as strong demand is providing the company the opportunity to raise prices selectively that ultimately benefit margins. However, intense competition is a risk. Also, normalizing backlogs are hurting the company's book-to-bill ratio. Notably, the stock has underperformed the industry it belongs to on a year-to-date basis.”
Several other research firms have also commented on VSH. Citigroup boosted their price objective on Vishay Intertechnology from $28.00 to $30.00 and gave the stock a buy rating in a research note on Wednesday, August 8th. ValuEngine lowered Vishay Intertechnology from a buy rating to a hold rating in a research note on Thursday, August 9th. Finally, Stifel Nicolaus reiterated a hold rating and set a $24.00 price objective on shares of Vishay Intertechnology in a research note on Wednesday, August 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $25.00.
Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings results on Tuesday, October 30th. The semiconductor company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.07. The company had revenue of $780.97 million during the quarter, compared to analysts’ expectations of $779.78 million. Vishay Intertechnology had a return on equity of 20.82% and a net margin of 2.24%. Vishay Intertechnology’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS. Equities analysts predict that Vishay Intertechnology will post 2.05 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be paid a dividend of $0.085 per share. The ex-dividend date is Wednesday, December 5th. This represents a $0.34 annualized dividend and a yield of 1.63%. Vishay Intertechnology’s dividend payout ratio (DPR) is currently 23.78%.
In other Vishay Intertechnology news, Director Thomas C. Wertheimer sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $20.88, for a total transaction of $208,800.00. Following the completion of the sale, the director now directly owns 51,137 shares in the company, valued at approximately $1,067,740.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. 7.91% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the business. Itau Unibanco Holding S.A. purchased a new stake in shares of Vishay Intertechnology in the second quarter valued at approximately $174,000. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in shares of Vishay Intertechnology in the third quarter valued at approximately $201,000. Palouse Capital Management Inc. purchased a new stake in shares of Vishay Intertechnology in the third quarter valued at approximately $215,000. Wakefield Asset Management LLLP purchased a new stake in shares of Vishay Intertechnology in the third quarter valued at approximately $229,000. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in shares of Vishay Intertechnology in the second quarter valued at approximately $240,000. Institutional investors own 97.32% of the company’s stock.
Vishay Intertechnology Company Profile
Vishay Intertechnology, Inc manufactures and supplies discrete semiconductors and passive components in the United States, Europe, and Asia. The Metal Oxide Semiconductor Field Effect Transistors (MOSFETs) segment offers low- and medium-voltage TrenchFET MOSFETs, high-voltage planar MOSFETs, high voltage super junction MOSFETs, power integrated circuits, and integrated function power devices.
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