Vishay Intertechnology (NYSE:VSH) Stock Price Up 12.8% – Still a Buy?

Vishay Intertechnology, Inc. (NYSE:VSH)’s stock price traded up 12.8% during trading on Monday. The company traded as high as $26.23 and last traded at $26.2690. 1,330,767 shares changed hands during trading, a decline of 69% from the average daily volume of 4,353,584 shares. The stock had previously closed at $23.28.

Analysts Set New Price Targets

Several equities analysts have issued reports on VSH shares. Raymond James Financial initiated coverage on shares of Vishay Intertechnology in a report on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 price target on the stock. Needham & Company LLC decreased their price objective on Vishay Intertechnology from $45.00 to $38.00 and set a “buy” rating for the company in a report on Thursday. Williams Trading set a $38.00 price objective on Vishay Intertechnology in a report on Thursday. Wall Street Zen raised Vishay Intertechnology from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Weiss Ratings downgraded Vishay Intertechnology from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $35.86.

Vishay Intertechnology Price Performance

The stock’s 50 day moving average price is $30.75 and its two-hundred day moving average price is $32.17. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 42.24, a price-to-earnings-growth ratio of 2.44 and a beta of 1.90. The company has a quick ratio of 2.27, a current ratio of 3.31 and a debt-to-equity ratio of 0.25.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings data on Wednesday, November 4th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.08. Vishay Intertechnology had a return on equity of 3.80% and a net margin of 2.72%. The business had revenue of $978.94 million during the quarter, compared to analysts’ expectations of $965.40 million. During the same quarter in the previous year, the firm posted $0.04 EPS. The company’s revenue for the quarter was up 23.8% on a year-over-year basis. Equities research analysts forecast that Vishay Intertechnology, Inc. will post 0.95 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, September 10th. Vishay Intertechnology’s dividend payout ratio is 64.52%.

Insiders Place Their Bets

In related news, Director Raanan Zilberman sold 16,575 shares of the firm’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $35.82, for a total value of $593,716.50. Following the transaction, the director directly owned 31,937 shares of the company’s stock, valued at approximately $1,143,983.34. This trade represents a 34.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 8.35% of the company’s stock.

Institutional Investors Weigh In On Vishay Intertechnology

Several large investors have recently bought and sold shares of VSH. William Blair Investment Management LLC raised its stake in Vishay Intertechnology by 248.4% in the 3rd quarter. William Blair Investment Management LLC now owns 5,124,041 shares of the semiconductor company’s stock valued at $166,788,000 after purchasing an additional 3,653,318 shares during the last quarter. Andar Capital Management HK Ltd acquired a new stake in Vishay Intertechnology during the 2nd quarter worth $160,000,000. Valliance Asset Management Ltd acquired a new stake in Vishay Intertechnology during the 2nd quarter worth $146,405,000. Dimensional Fund Advisors LP grew its holdings in shares of Vishay Intertechnology by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 7,102,376 shares of the semiconductor company’s stock worth $127,830,000 after buying an additional 208,472 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Vishay Intertechnology by 7.6% during the 2nd quarter. Wellington Management Group LLP now owns 2,312,220 shares of the semiconductor company’s stock valued at $124,351,000 after acquiring an additional 162,447 shares in the last quarter. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc designs and manufactures discrete semiconductors and passive electronic components used in a wide range of electronic systems. Its products include diodes, MOSFETs, optoelectronic components, resistors, inductors, capacitors and sensors.

The company’s components are used in applications across markets such as automotive, industrial, computing, telecommunications, consumer electronics, medical and aerospace. Vishay serves customers worldwide through a global network of manufacturing and sales operations.

Founded in 1962 by physicist Felix Zandman, Vishay is headquartered in Malvern, Pennsylvania.