Vishay Intertechnology (NYSE:VSH) Stock Jumps 6.9% - Time to Buy?

Key Points

• Vishay Intertechnology shares rose 6.9% to approximately $36.62, though trading volume was 84% below the average daily level.
• Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy” and an average price target of $36.17; recent coverage included $40–$42 targets from several firms.
• The company beat quarterly expectations with EPS of $0.19 versus $0.15 expected and revenue of $918.6 million, while quarterly revenue increased 16.6% year over year. Vishay also pays a $0.10 quarterly dividend, yielding about 1%.

Vishay Intertechnology, Inc. (NYSE:VSH - Get Free Report)'s stock price traded up 6.9% during mid-day trading on Friday. The stock traded as high as $36.78 and last traded at $36.6240. Approximately 697,407 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 4,383,531 shares. The stock had previously closed at $34.27.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Oppenheimer assumed coverage on Vishay Intertechnology in a research report on Tuesday, September 15th. They set an "outperform" rating and a $42.00 price objective for the company. Raymond James Financial assumed coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They issued an "outperform" rating and a $40.00 price target on the stock. Weiss Ratings lowered Vishay Intertechnology from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, September 25th. Truist Financial started coverage on Vishay Intertechnology in a research report on Thursday, September 3rd. They issued a "buy" rating and a $42.00 price objective for the company. Finally, Wall Street Zen lowered shares of Vishay Intertechnology from a "buy" rating to a "hold" rating in a research report on Saturday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $36.17.

Vishay Intertechnology Price Performance

The company has a market cap of $5.89 billion, a price-to-earnings ratio of 201.92, a price-to-earnings-growth ratio of 3.84 and a beta of 1.79. 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 company has a fifty day moving average price of $32.68 and a two-hundred day moving average price of $36.40.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last issued its earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.15 by $0.04. The firm had revenue of $918.58 million during the quarter, compared to analysts' expectations of $897.03 million. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%.Vishay Intertechnology's quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the business earned ($0.07) earnings per share. As a group, equities research analysts anticipate 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 was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, September 10th. Vishay Intertechnology's payout ratio is presently 210.53%.

Institutional Investors Weigh In On Vishay Intertechnology

Large investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC acquired a new stake in Vishay Intertechnology in the 2nd quarter valued at $385,000. Tidal Investments LLC bought a new position in Vishay Intertechnology during the 2nd quarter valued at about $1,449,000. BlueCrest Capital Management Ltd bought a new stake in Vishay Intertechnology during the second quarter worth about $10,756,000. WINTON GROUP Ltd bought a new stake in Vishay Intertechnology during the second quarter worth about $597,000. Finally, Engineers Gate Manager LP increased its holdings in shares of Vishay Intertechnology by 39.7% during the second quarter. Engineers Gate Manager LP now owns 122,584 shares of the semiconductor company's stock worth $6,593,000 after buying an additional 34,851 shares in the last quarter. 93.66% of the stock is currently owned by institutional investors.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc NYSE: VSH is a manufacturer of electronic components used in a broad range of electrical and electronic systems. Its portfolio includes passive components such as resistors, capacitors, inductors and sensors, as well as semiconductor products including diodes, rectifiers, MOSFETs and optoelectronic devices.

The company's products support applications in automotive, industrial, computing, telecommunications, consumer electronics, medical equipment, aerospace and defense.

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