Zacks Investment Research cut shares of Vishay Intertechnology Inc. (NYSE:VSH) from a strong-buy rating to a hold rating in a report released on Thursday.

According to Zacks, “Vishay Intertechnology, Inc. is a leading international manufacturer and supplier of discrete passive electronic components and discrete active electronic components, particularly resistors, capacitors, inductors, diodes and transistors. The company offers its customers one-stop access to one of the most comprehensive electronic component lines of any manufacturer in the United States or Europe. Passive electronic components, discrete active electronic components and integrated circuits are the primary elements of every electronic circuit. “

Separately, Argus reaffirmed a buy rating on shares of Vishay Intertechnology in a research note on Wednesday, August 10th.

Vishay Intertechnology (NYSE:VSH) traded down 1.62% during trading on Thursday, reaching $14.00. The company had a trading volume of 216,832 shares. The stock has a 50 day moving average of $13.97 and a 200-day moving average of $12.94. Vishay Intertechnology has a 12-month low of $9.96 and a 12-month high of $14.28. The stock’s market capitalization is $2.06 billion.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Vishay Intertechnology had a negative net margin of 4.58% and a positive return on equity of 6.55%. The firm earned $590 million during the quarter, compared to the consensus estimate of $586.45 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The company’s revenue was down .1% on a year-over-year basis. On average, analysts forecast that Vishay Intertechnology will post $0.88 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Thursday, September 15th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Tuesday, September 13th. Vishay Intertechnology’s dividend payout ratio (DPR) is -35.21%.

Several hedge funds have recently made changes to their positions in VSH. Vanguard Group Inc. boosted its stake in shares of Vishay Intertechnology by 4.5% in the second quarter. Vanguard Group Inc. now owns 9,904,202 shares of the company’s stock valued at $122,713,000 after buying an additional 430,523 shares during the period. Royce & Associates LP boosted its stake in shares of Vishay Intertechnology by 1.8% in the first quarter. Royce & Associates LP now owns 8,300,563 shares of the company’s stock valued at $101,350,000 after buying an additional 149,000 shares during the period. LSV Asset Management boosted its stake in shares of Vishay Intertechnology by 5.0% in the second quarter. LSV Asset Management now owns 7,335,385 shares of the company’s stock valued at $90,885,000 after buying an additional 346,902 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Vishay Intertechnology by 3.9% in the second quarter. BlackRock Fund Advisors now owns 6,759,999 shares of the company’s stock valued at $83,756,000 after buying an additional 253,906 shares during the period. Finally, Schroder Investment Management Group boosted its stake in shares of Vishay Intertechnology by 1.0% in the second quarter. Schroder Investment Management Group now owns 5,542,049 shares of the company’s stock valued at $68,666,000 after buying an additional 52,798 shares during the period.

About Vishay Intertechnology

Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five segments. The MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs. The Diodes segment’s products include rectifiers, small signal diodes, protection diodes, thyristors/silicon-controlled rectifiers (SCRs) and power modules.

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