Vishay Intertechnology, Inc. (NYSE:VSH) achieved a new 52-week high during trading on Wednesday, reaching a peak of $21.19 before closing at $20.72. The trading volume for the day was substantial, with 3,636,238 shares changing hands, compared to a previous closing price of $20.67. This surge in stock price has garnered attention from analysts and investors alike.
Analysts have offered mixed opinions regarding Vishay Intertechnology’s recent performance. On January 21, 2024, Weiss Ratings reaffirmed a “sell (d)” rating on the company’s shares. In contrast, Bank of America raised its price target on Vishay Intertechnology from $14.00 to $16.00, maintaining an “underperform” rating. Meanwhile, JPMorgan Chase & Co. increased its target price from $14.00 to $20.00 with a “neutral” rating. Currently, two analysts recommend holding the stock, while two others suggest selling it. According to MarketBeat.com, Vishay Intertechnology holds an average rating of “Reduce” with an average target price of $18.00.
Quarterly Earnings and Dividend Announcement
On February 4, 2024, Vishay Intertechnology reported its quarterly earnings, revealing earnings per share (EPS) of $0.01, which fell short of analysts’ consensus estimates of $0.02 by $0.01. The company generated revenue of $800.92 million for the quarter, exceeding the expected $790.47 million. Despite these results, Vishay reported a negative net margin of 0.29% and a negative return on equity of 0.32%. Year-over-year, the company’s revenue reflected a positive growth rate of 12.1%. Analysts predict that Vishay Intertechnology will report an EPS of $0.53 for the current fiscal year.
Vishay also declared a quarterly dividend, which was paid on December 12, 2023. Shareholders recorded on December 3 received a dividend of $0.10, translating to an annualized dividend of $0.40 and a yield of 2.0%. The ex-dividend date was also set for December 3. The company’s current payout ratio stands at a negative 571.43%.
Institutional Investor Activity
Recent activity from institutional investors indicates growing interest in Vishay Intertechnology. Jones Financial Companies Lllp significantly increased its stake in the company by 709.5% during the third quarter, acquiring an additional 1,575 shares for a total of 1,797 shares valued at $27,000. Quarry LP also entered a new position in Vishay, valued at $39,000.
Further investments included Mitsubishi UFJ Trust & Banking Corp, which bought a new stake worth $87,000 in the fourth quarter. Additionally, CWM LLC bolstered its holdings in Vishay by 63.4%, now owning 5,674 shares valued at $90,000. AlphaQuest LLC increased its position by 135.6%, acquiring a total of 5,789 shares worth $92,000. Currently, institutional investors hold approximately 93.66% of Vishay Intertechnology’s stock.
Founded in 1962 by Dr. Felix Zandman, Vishay Intertechnology is a leading global manufacturer of discrete semiconductors and passive electronic components. The company serves a diverse range of industries, including industrial, automotive, computing, and telecommunications, among others. Vishay’s extensive product portfolio includes resistors, capacitors, and integrated circuit solutions, vital for power management and circuit protection across various applications.
