Vishay Intertechnology (NYSE:VSH) Reaches New 1-Year High – Should You Buy?

Vishay Intertechnology, Inc. (NYSE:VSH)’s share price hit a new 52-week high on Wednesday . The company traded as high as $66.65 and last traded at $58.6120, with a volume of 18782338 shares traded. The stock had previously closed at $57.22.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VSH. Zacks Research raised shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Bank of America upped their price objective on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a research report on Thursday, May 14th. 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, Wall Street Zen cut shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Saturday. Two analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Vishay Intertechnology presently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Vishay Intertechnology Stock Up 2.4%

The stock has a 50 day moving average price of $35.00 and a 200 day moving average price of $23.32. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 5,861.20 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 announced its quarterly earnings results on Wednesday, May 13th. The semiconductor company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $823.54 million. During the same period last year, the firm posted ($0.03) earnings per share. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. As a group, analysts forecast that Vishay Intertechnology, Inc. will post 0.75 EPS for the current year.

Vishay Intertechnology Dividend Announcement

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 given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, June 18th. Vishay Intertechnology’s dividend payout ratio is 4,000.00%.

Hedge Funds Weigh In On Vishay Intertechnology

Several institutional investors and hedge funds have recently added to or reduced their stakes in VSH. Royal Bank of Canada increased its position in Vishay Intertechnology by 26.6% in the 1st quarter. Royal Bank of Canada now owns 71,823 shares of the semiconductor company’s stock valued at $1,142,000 after acquiring an additional 15,079 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Vishay Intertechnology by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,123 shares of the semiconductor company’s stock valued at $1,179,000 after acquiring an additional 2,250 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Vishay Intertechnology by 5.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 250,154 shares of the semiconductor company’s stock valued at $3,977,000 after acquiring an additional 12,547 shares during the period. AXA S.A. increased its position in Vishay Intertechnology by 13.5% in the 2nd quarter. AXA S.A. now owns 176,254 shares of the semiconductor company’s stock valued at $2,799,000 after acquiring an additional 20,950 shares during the period. Finally, Quantinno Capital Management LP increased its position in Vishay Intertechnology by 132.4% in the 2nd quarter. Quantinno Capital Management LP now owns 52,791 shares of the semiconductor company’s stock valued at $838,000 after acquiring an additional 30,075 shares during the period. 93.66% of the stock is currently owned by institutional investors and hedge funds.

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.