Vishay Intertechnology (NYSE:VSH) Sets New 1-Year High – What’s Next?

Shares of Vishay Intertechnology, Inc. (NYSE:VSH) reached a new 52-week high during trading on Thursday . The company traded as high as $19.88 and last traded at $19.6690, with a volume of 1948411 shares traded. The stock had previously closed at $19.27.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on VSH shares. Bank of America increased their price objective on shares of Vishay Intertechnology from $14.00 to $16.00 and gave the company an “underperform” rating in a report on Thursday, January 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Vishay Intertechnology in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Sell” and an average price target of $16.00.

Vishay Intertechnology Stock Up 4.3%

The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of -35.08 and a beta of 1.12. The company has a quick ratio of 1.60, a current ratio of 2.67 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $15.58 and a 200-day moving average price of $15.63.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings results on Wednesday, November 5th. The semiconductor company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. The business had revenue of $790.64 million during the quarter, compared to analyst estimates of $779.81 million. Vishay Intertechnology had a negative return on equity of 0.36% and a negative net margin of 2.56%.Vishay Intertechnology’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the company posted $0.08 EPS. As a group, equities analysts anticipate that Vishay Intertechnology, Inc. will post 0.53 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Wednesday, December 3rd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, December 3rd. Vishay Intertechnology’s dividend payout ratio (DPR) is -70.18%.

Hedge Funds Weigh In On Vishay Intertechnology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VSH. Jones Financial Companies Lllp raised its stake in Vishay Intertechnology by 709.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,797 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 1,575 shares during the period. Quarry LP purchased a new position in shares of Vishay Intertechnology during the third quarter valued at $39,000. CWM LLC raised its position in Vishay Intertechnology by 63.4% during the second quarter. CWM LLC now owns 5,674 shares of the semiconductor company’s stock valued at $90,000 after buying an additional 2,201 shares during the period. AlphaQuest LLC boosted its position in Vishay Intertechnology by 135.6% during the 2nd quarter. AlphaQuest LLC now owns 5,789 shares of the semiconductor company’s stock worth $92,000 after acquiring an additional 3,332 shares during the period. Finally, Hennessy Advisors Inc. purchased a new position in Vishay Intertechnology during the 2nd quarter valued at about $130,000. Institutional investors and hedge funds own 93.66% of the company’s stock.

About Vishay Intertechnology

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.