Vishay Intertechnology, Inc. (NYSE: VSH) achieved a new 52-week high during trading on January 21, 2024. The stock reached a peak of $21.19 before closing at $20.7240. This marked a significant movement as 3,636,238 shares changed hands, an increase from the previous close of $20.67.
Market Analysts Provide Mixed Ratings
Analysts have expressed varied opinions on Vishay Intertechnology’s performance. Weiss Ratings maintained a “sell (d)” rating for the company, emphasizing caution. In contrast, Bank of America raised its price target for Vishay from $14.00 to $16.00 while assigning an “underperform” rating. Meanwhile, JPMorgan Chase & Co. increased its target price from $14.00 to $20.00 and classified the stock as “neutral.”
Overall, two investment analysts have given the stock a Hold rating, while two others have issued a Sell rating. According to data from MarketBeat.com, Vishay currently holds an average rating of “Reduce” with a target price set at $18.00.
Quarterly Earnings and Dividend Announcement
In its latest quarterly earnings report released on February 4, 2024, Vishay Intertechnology reported earnings per share (EPS) of $0.01, which fell short of analysts’ expectations of $0.02. The company reported revenues of $800.92 million, surpassing the anticipated $790.47 million. Although the company’s revenue grew by 12.1% year-over-year, it recorded a negative net margin of 0.29% and a negative return on equity of 0.32%. Looking ahead, analysts predict that Vishay will post an EPS of $0.53 for the current fiscal year.
Additionally, Vishay recently declared a quarterly dividend of $0.10, which was paid out to shareholders on December 12, 2023. This translates to an annualized dividend of $0.40, providing a yield of 2.0%. The ex-dividend date was December 3, 2023, and the company’s payout ratio currently stands at -571.43%.
Institutional Investment Trends
Several institutional investors have recently adjusted their positions in Vishay Intertechnology. Notably, Jones Financial Companies Lllp increased its stake by an impressive 709.5% in the third quarter, now owning 1,797 shares valued at approximately $27,000. Quarry LP entered the market with a new position valued at $39,000, while Mitsubishi UFJ Trust & Banking Corp. acquired a new stake worth $87,000. CWM LLC also boosted its holdings by 63.4%, now holding 5,674 shares valued at about $90,000. In total, institutional investors now own 93.66% of the company’s stock.
Vishay Intertechnology, founded in 1962, is a global leader in the production of discrete semiconductors and passive electronic components. The company’s products serve diverse sectors, including industrial, automotive, computing, consumer electronics, telecommunications, medical, and military/aerospace markets. Vishay’s extensive portfolio includes resistors, capacitors, inductors, sensors, diodes, rectifiers, and various integrated circuit solutions, supporting both standard and custom designs for original equipment manufacturers globally.
As Vishay Intertechnology continues to navigate market conditions, analysts and investors will closely monitor the company’s performance and strategic decisions in the upcoming quarters.
