Vishay Intertechnology (NYSE:VSH) Trading 8.4% Higher – Still a Buy?

Shares of Vishay Intertechnology, Inc. (NYSE:VSH) were up 8.4% during trading on Thursday . The stock traded as high as $58.45 and last traded at $59.2230. Approximately 1,024,510 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 3,768,335 shares. The stock had previously closed at $54.65.

Wall Street Analysts Forecast Growth

VSH has been the subject of several recent analyst reports. Zacks Research upgraded shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Wall Street Zen cut shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings upgraded shares of Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Finally, Bank of America lifted their price target on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Vishay Intertechnology has an average rating of “Moderate Buy” and an average target price of $24.00.

Vishay Intertechnology Stock Performance

The firm has a fifty day moving average of $35.77 and a 200-day moving average of $23.62. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of 5,822.50 and a beta of 1.76. The company has a quick ratio of 1.53, a current ratio of 2.64 and a debt-to-equity ratio of 0.47.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings data on Wednesday, May 13th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. Vishay Intertechnology had a return on equity of 0.22% and a net margin of 0.07%.The firm had revenue of $839.24 million during the quarter, compared to analysts’ expectations of $823.54 million. During the same period in the previous year, the firm posted ($0.03) earnings per share. Vishay Intertechnology’s revenue was up 17.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Vishay Intertechnology, Inc. will post 0.75 EPS for the current year.

Vishay Intertechnology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Thursday, June 18th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, June 18th. Vishay Intertechnology’s dividend payout ratio is 4,000.00%.

Institutional Trading of Vishay Intertechnology

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Vishay Intertechnology by 2.3% in the third quarter. Vanguard Group Inc. now owns 16,617,109 shares of the semiconductor company’s stock valued at $254,242,000 after purchasing an additional 375,378 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Vishay Intertechnology by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 7,102,376 shares of the semiconductor company’s stock valued at $127,830,000 after purchasing an additional 208,472 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of Vishay Intertechnology by 25.3% in the third quarter. Woodline Partners LP now owns 6,813,765 shares of the semiconductor company’s stock valued at $104,251,000 after purchasing an additional 1,377,356 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Vishay Intertechnology by 0.9% in the third quarter. American Century Companies Inc. now owns 4,180,606 shares of the semiconductor company’s stock valued at $63,963,000 after purchasing an additional 36,791 shares in the last quarter. Finally, Deprince Race & Zollo Inc. lifted its holdings in shares of Vishay Intertechnology by 8.4% in the first quarter. Deprince Race & Zollo Inc. now owns 3,181,050 shares of the semiconductor company’s stock valued at $57,259,000 after purchasing an additional 247,060 shares in the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc is a global manufacturer of discrete semiconductors and passive electronic components, serving a wide range of industries including industrial, automotive, computing, consumer electronics, telecommunications, medical, and military/aerospace markets. The company’s portfolio encompasses resistors, capacitors, inductors, sensors, diodes, rectifiers, MOSFETs and a variety of integrated circuit solutions. Vishay’s components are used in power management, signal conditioning, circuit protection and sensing applications, supporting both standard and custom designs for original equipment manufacturers worldwide.

Originally founded in 1962 by Dr.