Vishay Intertechnology (NYSE:VSH) Sets New 12-Month High – Here’s Why

Vishay Intertechnology, Inc. (NYSE:VSH)’s stock price reached a new 52-week high on Friday . The company traded as high as $22.29 and last traded at $22.3840, with a volume of 299669 shares trading hands. The stock had previously closed at $21.33.

Wall Street Analysts Forecast Growth

VSH has been the subject of a number of analyst reports. Zacks Research raised Vishay Intertechnology from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Weiss Ratings reissued a “sell (d)” rating on shares of Vishay Intertechnology in a research note on Wednesday, January 21st. Bank of America increased their price objective on Vishay Intertechnology from $14.00 to $16.00 and gave the company an “underperform” rating in a research note on Thursday, January 22nd. JPMorgan Chase & Co. increased their price objective on Vishay Intertechnology from $14.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Finally, Argus raised Vishay Intertechnology to a “strong-buy” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $18.00.

Vishay Intertechnology Stock Performance

The company has a market cap of $3.00 billion, a PE ratio of -315.85 and a beta of 1.13. The company has a current ratio of 2.62, a quick ratio of 1.57 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of $18.64 and a 200-day moving average of $16.67.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings results on Wednesday, February 4th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Vishay Intertechnology had a negative net margin of 0.29% and a negative return on equity of 0.32%. The business had revenue of $800.92 million for the quarter, compared to analysts’ expectations of $790.47 million. The business’s revenue was up 12.1% on a year-over-year basis. Equities research analysts anticipate that Vishay Intertechnology, Inc. will post 0.53 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Thursday, March 12th. Vishay Intertechnology’s payout ratio is currently -571.43%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp boosted its position 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 acquiring an additional 1,575 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in Vishay Intertechnology by 212.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 1,402 shares in the last quarter. Quarry LP bought a new stake in Vishay Intertechnology during the 3rd quarter valued at approximately $39,000. Empowered Funds LLC bought a new stake in Vishay Intertechnology during the 4th quarter valued at approximately $57,000. Finally, Hantz Financial Services Inc. boosted its position in Vishay Intertechnology by 255.8% during the 4th quarter. Hantz Financial Services Inc. now owns 5,124 shares of the semiconductor company’s stock valued at $74,000 after acquiring an additional 3,684 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.