Vishay Intertechnology (NYSE:VSH) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Vishay Intertechnology (NYSE:VSH) from a sell rating to a hold rating in a report released on Saturday.

Vishay Intertechnology Stock Down 4.3%

Shares of VSH opened at $13.97 on Friday. The company has a current ratio of 2.70, a quick ratio of 1.64 and a debt-to-equity ratio of 0.44. Vishay Intertechnology has a 12 month low of $10.35 and a 12 month high of $20.91. The stock’s 50 day moving average is $16.18 and its two-hundred day moving average is $15.54. The firm has a market cap of $1.89 billion, a P/E ratio of -21.48 and a beta of 1.13.

Vishay Intertechnology (NYSE:VSH) last released its earnings results on Wednesday, August 6th. The semiconductor company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.09). The firm had revenue of $762.25 million during the quarter, compared to analysts’ expectations of $756.07 million. Vishay Intertechnology had a negative net margin of 3.00% and a negative return on equity of 0.10%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.17 EPS. Analysts predict that Vishay Intertechnology will post 0.53 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Wednesday, June 18th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Wednesday, June 18th. Vishay Intertechnology’s dividend payout ratio (DPR) is -61.54%.

Insider Buying and Selling at Vishay Intertechnology

In other news, Director Michael J. Cody bought 3,500 shares of the firm’s stock in a transaction dated Wednesday, June 11th. The shares were acquired at an average price of $16.12 per share, for a total transaction of $56,420.00. Following the completion of the transaction, the director directly owned 60,169 shares in the company, valued at $969,924.28. The trade was a 6.18% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vishay Intertechnology

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC lifted its position in shares of Vishay Intertechnology by 142.2% in the second quarter. SG Americas Securities LLC now owns 183,593 shares of the semiconductor company’s stock valued at $2,915,000 after acquiring an additional 107,787 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Vishay Intertechnology by 7.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,844 shares of the semiconductor company’s stock valued at $458,000 after acquiring an additional 1,956 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its position in Vishay Intertechnology by 4.0% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 28,364 shares of the semiconductor company’s stock worth $450,000 after buying an additional 1,101 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Vishay Intertechnology by 18.0% during the second quarter. PNC Financial Services Group Inc. now owns 23,350 shares of the semiconductor company’s stock worth $371,000 after buying an additional 3,563 shares in the last quarter. Finally, M&G PLC lifted its position in Vishay Intertechnology by 18.5% during the second quarter. M&G PLC now owns 375,563 shares of the semiconductor company’s stock worth $6,009,000 after buying an additional 58,631 shares in the last quarter. Hedge funds and other 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.