Vishay Intertechnology, Inc. (NYSE:VSH) achieved a new 52-week high during trading on Wednesday, reaching a peak of $21.19. The stock ultimately closed at $20.7240, with a trading volume of 3,636,238 shares. This marked an increase from its previous close of $20.67, reflecting positive momentum in the semiconductor market.
Analyst Ratings and Market Performance
Recent evaluations from several financial analysts provide insight into the stock’s trajectory. Weiss Ratings maintained a “sell (d)” rating on Vishay Intertechnology shares in a report dated January 21, while Bank of America revised its price target from $14.00 to $16.00 and also assigned an “underperform” rating on January 22. In contrast, JPMorgan Chase & Co. increased their target price from $14.00 to $20.00 and offered a “neutral” rating in their research report on the same day.
Currently, two analysts recommend holding the stock, while two others suggest selling it. According to data from MarketBeat.com, Vishay Intertechnology holds an average rating of “Reduce” with a target price set at $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 recorded revenue of $800.92 million, exceeding the expected $790.47 million. Despite the revenue growth of 12.1% year-over-year, the company reported a negative net margin of 0.29% and a return on equity of -0.32%.
In addition, Vishay Intertechnology announced a quarterly dividend of $0.10, which was paid on December 12, 2023, to shareholders of record as of December 3. This results in an annualized dividend of $0.40 and a yield of 2.0%. The ex-dividend date was the same, December 3, 2023. Currently, the company’s payout ratio stands at -571.43%.
Institutional Investments and Market Dynamics
Several large institutional investors have recently adjusted their positions in Vishay Intertechnology. For instance, Jones Financial Companies Lllp increased its stake by 709.5% in the third quarter, now owning 1,797 shares valued at $27,000 after acquiring an additional 1,575 shares. Quarry LP entered a new position valued at $39,000 during the same period.
Mitsubishi UFJ Trust & Banking Corp. also purchased new shares worth $87,000 in the fourth quarter. CWM LLC raised its holdings by 63.4%, now owning 5,674 shares valued at $90,000. AlphaQuest LLC increased its stake by 135.6%, owning 5,789 shares valued at $92,000. Collectively, institutional investors now control 93.66% of Vishay Intertechnology’s stock.
Vishay Intertechnology, founded in 1962 by Dr. Felix Zandman, is recognized as a global manufacturer of discrete semiconductors and passive electronic components. The company serves diverse industries including industrial, automotive, computing, consumer electronics, telecommunications, medical, and military/aerospace markets. Its product range includes resistors, capacitors, inductors, sensors, diodes, rectifiers, MOSFETs, and various integrated circuit solutions, supporting both standard and custom designs for original equipment manufacturers worldwide.
As Vishay Intertechnology continues to navigate the complexities of the semiconductor market, its recent performance and analyst ratings will be crucial indicators of its future direction.
