Vishay Intertechnology (NYSE:VSH) Upgraded to "Hold" at Zacks Research

Key Points

• Vishay Intertechnology's stock rating was upgraded from a "strong sell" to a "hold" by Zacks Research, reflecting a potential shift in investor sentiment.
• Despite the upgrade, Wall Street Zen downgraded Vishay to a "sell" rating, indicating mixed opinions among analysts, with an average consensus price target of $19.00.
• The company reported a loss of $0.07 per share in its last earnings report, missing estimates, but experienced a 2.8% year-over-year revenue increase to $762.25 million.

Zacks Research upgraded shares of Vishay Intertechnology (NYSE:VSH - Free Report) from a strong sell rating to a hold rating in a report released on Monday, September 8th,Zacks.com reports.

Separately, Wall Street Zen cut Vishay Intertechnology from a "hold" rating to a "sell" rating in a research note on Sunday, August 17th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $19.00.

Vishay Intertechnology Stock Performance

Shares of Vishay Intertechnology stock traded down $0.21 during trading hours on Monday, reaching $15.05. The company's stock had a trading volume of 307,354 shares, compared to its average volume of 1,899,041. The stock has a market cap of $2.04 billion, a P/E ratio of -23.13 and a beta of 1.15. The company's 50 day simple moving average is $15.94 and its 200 day simple moving average is $15.14. Vishay Intertechnology has a one year low of $10.35 and a one year high of $20.15. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.64 and a current ratio of 2.70.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.09). The company had revenue of $762.25 million for the quarter, compared to analyst estimates of $756.07 million. Vishay Intertechnology had a negative net margin of 3.00% and a negative return on equity of 0.10%. The company's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.17 EPS. As a group, analysts expect that Vishay Intertechnology will post 0.53 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Thursday, September 11th. Vishay Intertechnology's dividend payout ratio is presently -61.54%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. QRG Capital Management Inc. grew its holdings in Vishay Intertechnology by 79.3% during the 1st quarter. QRG Capital Management Inc. now owns 25,399 shares of the semiconductor company's stock worth $404,000 after acquiring an additional 11,236 shares during the period. Jefferies Financial Group Inc. increased its position in shares of Vishay Intertechnology by 336.5% during the first quarter. Jefferies Financial Group Inc. now owns 44,530 shares of the semiconductor company's stock worth $708,000 after acquiring an additional 34,329 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Vishay Intertechnology by 11,063.0% in the first quarter. GAMMA Investing LLC now owns 42,866 shares of the semiconductor company's stock valued at $682,000 after purchasing an additional 42,482 shares in the last quarter. New York State Teachers Retirement System boosted its position in Vishay Intertechnology by 1.2% during the 1st quarter. New York State Teachers Retirement System now owns 162,070 shares of the semiconductor company's stock worth $2,577,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Twelve Points Wealth Management LLC grew its position in Vishay Intertechnology by 16.6% in the first quarter. Twelve Points Wealth Management LLC now owns 123,144 shares of the semiconductor company's stock valued at $1,958,000 after purchasing an additional 17,521 shares in the last quarter. Institutional investors and hedge funds 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.