Vishay Intertechnology (NYSE:VSH) Shares Up 8.3% - Still a Buy?

Key Points

• Vishay shares rose 8.3% to approximately $33.90, though trading volume was 88% below the average session level.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and an average price target of $35.00; individual targets range from $28 to $42.
• The company exceeded quarterly expectations with $0.19 in EPS and $918.6 million in revenue, while announcing a $0.10 quarterly dividend yielding about 1.2%.

Vishay Intertechnology, Inc. (NYSE:VSH - Get Free Report) was up 8.3% on Friday . The company traded as high as $33.85 and last traded at $33.9020. 523,251 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 4,492,565 shares. The stock had previously closed at $31.29.

Analysts Set New Price Targets

Several analysts have commented on VSH shares. Wall Street Zen downgraded Vishay Intertechnology from a "buy" rating to a "hold" rating in a research note on Saturday, September 5th. Bank of America increased their price target on Vishay Intertechnology from $18.00 to $28.00 and gave the company an "underperform" rating in a report on Thursday, May 14th. Weiss Ratings restated a "hold (c)" rating on shares of Vishay Intertechnology in a research note on Monday, August 24th. Raymond James Financial began coverage on Vishay Intertechnology in a report on Tuesday, August 4th. They issued an "outperform" rating and a $40.00 price objective for the company. Finally, Truist Financial began coverage on Vishay Intertechnology in a research report on Thursday, September 3rd. They set a "buy" rating and a $42.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $35.00.

Vishay Intertechnology Stock Performance

The company has a quick ratio of 1.27, a current ratio of 1.80 and a debt-to-equity ratio of 0.08. The company has a market cap of $5.19 billion, a PE ratio of 178.00, a P/E/G ratio of 3.73 and a beta of 1.80. The business's fifty day moving average is $35.40 and its 200-day moving average is $34.90.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.04. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. The business had revenue of $918.58 million during the quarter, compared to analysts' expectations of $897.03 million. During the same period in the prior year, the company earned ($0.07) earnings per share. The firm's revenue was up 16.6% on a year-over-year basis. As a group, research analysts predict that Vishay Intertechnology, Inc. will post 0.85 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, September 10th. Vishay Intertechnology's dividend payout ratio is 210.53%.

Hedge Funds Weigh In On Vishay Intertechnology

Several institutional investors and hedge funds have recently bought and sold shares of VSH. Rockefeller Capital Management L.P. lifted its position in shares of Vishay Intertechnology by 212.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company's stock valued at $30,000 after buying an additional 1,402 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new stake in Vishay Intertechnology in the 2nd quarter worth approximately $32,000. Quarry LP bought a new stake in Vishay Intertechnology during the 3rd quarter worth approximately $39,000. Rakuten Securities Inc. purchased a new position in Vishay Intertechnology during the second quarter valued at approximately $47,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Vishay Intertechnology during the second quarter valued at approximately $49,000. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

About Vishay Intertechnology

Vishay Intertechnology, Inc NYSE: VSH is a global manufacturer of electronic components used in a wide range of electrical and electronic systems. The company's portfolio includes discrete semiconductors and passive components, such as diodes, MOSFETs, optoelectronic devices, resistors, capacitors, inductors, sensors, and transducers.

Vishay's products are designed to support power management, signal processing, sensing, connectivity, and energy conversion applications. Its components are used in automotive systems, industrial equipment, computing and telecommunications hardware, consumer electronics, medical devices, aerospace and defense systems, and renewable energy and other infrastructure applications.

The company was founded in 1962 by physicist and inventor Felix Zandman and is headquartered in Malvern, Pennsylvania.

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