Vishay Intertechnology (NYSE:VSH) Stock Jumps 11% - Time to Buy?

Key Points

• Vishay Intertechnology shares rose 11% to approximately $29.66, although trading volume was about 80% below the stock’s average daily volume.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and an average price target of $36.67, implying additional upside.
• The company exceeded quarterly earnings and revenue expectations, reporting $0.19 EPS and $918.6 million in revenue, while paying a quarterly dividend of $0.10 per share.

Vishay Intertechnology, Inc. (NYSE:VSH - Get Free Report)'s share price traded up 11% on Tuesday. The company traded as high as $29.16 and last traded at $29.6580. 892,854 shares were traded during trading, a decline of 80% from the average daily volume of 4,355,825 shares. The stock had previously closed at $26.71.

Analyst Ratings Changes

Several equities analysts recently weighed in on VSH shares. Raymond James Financial initiated coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They set an "outperform" rating and a $40.00 target price on the stock. Truist Financial assumed coverage on shares of Vishay Intertechnology in a research note on Thursday, September 3rd. They set a "buy" rating and a $42.00 price objective for the company. Needham & Company LLC assumed coverage on Vishay Intertechnology in a report on Tuesday, August 4th. They issued a "buy" rating and a $45.00 price target for the company. Wall Street Zen upgraded shares of Vishay Intertechnology from a "hold" rating to a "buy" rating in a research report on Saturday, October 10th. Finally, Zacks Research upgraded shares of Vishay Intertechnology from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 5th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Vishay Intertechnology presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.67.

Vishay Intertechnology Stock Up 10.7%

The company has a current ratio of 1.80, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The firm's 50 day simple moving average is $31.74 and its 200-day simple moving average is $31.74. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 156.04, a PEG ratio of 3.15 and a beta of 1.79.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $918.58 million for the quarter, compared to analysts' expectations of $897.03 million. During the same period in the prior year, the company earned ($0.07) EPS. The firm's revenue was up 16.6% on a year-over-year basis. On average, sell-side analysts anticipate that Vishay Intertechnology, Inc. will post 0.85 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Thursday, September 10th. Vishay Intertechnology's dividend payout ratio (DPR) is 210.53%.

Insider Buying and Selling at Vishay Intertechnology

In related news, Director Raanan Zilberman sold 16,575 shares of Vishay Intertechnology stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $35.82, for a total transaction of $593,716.50. Following the sale, the director directly owned 31,937 shares in the company, valued at $1,143,983.34. The trade was a 34.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 8.35% of the company's stock.

Institutional Investors Weigh In On Vishay Intertechnology

Hedge funds have recently modified their holdings of the stock. Carolina Wealth Advisors LLC bought a new stake in Vishay Intertechnology during the second quarter worth about $32,000. Root Financial Partners LLC purchased a new position in Vishay Intertechnology during the third quarter valued at approximately $26,000. Rakuten Securities Inc. bought a new position in Vishay Intertechnology in the 2nd quarter worth $47,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Vishay Intertechnology during the second quarter worth about $49,000. Finally, Allworth Financial LP purchased a new position in shares of Vishay Intertechnology in the second quarter worth $54,000. 93.66% of the stock is owned by hedge funds and other institutional investors.

About Vishay Intertechnology

Vishay Intertechnology, Inc is a global manufacturer of electronic components used in industrial, automotive, computing, telecommunications, consumer electronics, aerospace and defense, and medical applications. The company's portfolio includes passive components and semiconductor products that support power management, signal processing, sensing, connectivity and energy conversion.

Its products include resistors, capacitors, inductors, diodes, rectifiers, power MOSFETs, optoelectronic components, sensors, transducers and related power and circuit-protection devices.

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