Vishay Intertechnology, Inc. (VSH) Lowered to “Sell” at BidaskClub
BidaskClub cut shares of Vishay Intertechnology, Inc. (NYSE:VSH) from a hold rating to a sell rating in a report issued on Tuesday.
Several other equities analysts have also recently weighed in on VSH. Zacks Investment Research cut Vishay Intertechnology from a buy rating to a hold rating in a research note on Saturday, May 6th. ValuEngine upgraded Vishay Intertechnology from a hold rating to a buy rating in a research note on Friday, June 2nd. Finally, Stifel Nicolaus restated a hold rating and set a $17.00 price objective on shares of Vishay Intertechnology in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $18.50.
Vishay Intertechnology (NYSE:VSH) opened at 17.15 on Tuesday. The stock’s 50 day moving average is $17.43 and its 200 day moving average is $16.62. Vishay Intertechnology has a 52 week low of $13.37 and a 52 week high of $18.55. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 32.54 and a beta of 1.22.
Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. Vishay Intertechnology had a return on equity of 9.89% and a net margin of 3.34%. The business had revenue of $644.89 million for the quarter, compared to analysts’ expectations of $643.19 million. During the same period last year, the business earned $0.23 EPS. The business’s revenue was up 9.3% on a year-over-year basis. Equities research analysts expect that Vishay Intertechnology will post $1.34 EPS for the current year.
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Vishay Intertechnology declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, August 2nd that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to repurchase up to 5.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 1.46%. The ex-dividend date is Thursday, September 14th. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 49.02%.
A number of institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC boosted its position in shares of Vishay Intertechnology by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 218,361 shares of the semiconductor company’s stock valued at $3,537,000 after buying an additional 5,393 shares during the period. Capstone Asset Management Co. boosted its stake in Vishay Intertechnology by 0.5% in the first quarter. Capstone Asset Management Co. now owns 17,708 shares of the semiconductor company’s stock worth $291,000 after buying an additional 80 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Vishay Intertechnology by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 33,800 shares of the semiconductor company’s stock worth $556,000 after buying an additional 700 shares during the last quarter. Retirement Systems of Alabama boosted its stake in Vishay Intertechnology by 12.3% in the first quarter. Retirement Systems of Alabama now owns 502,923 shares of the semiconductor company’s stock worth $8,273,000 after buying an additional 55,077 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Vishay Intertechnology during the first quarter worth approximately $3,405,000.
About Vishay Intertechnology
Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five product segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors and Capacitors. MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs.
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