Needham & Company LLC Has Lowered Expectations for Vishay Intertechnology (NYSE:VSH) Stock Price

Key Points

• Needham cut its Vishay Intertechnology price target to $38 from $45 but maintained a Buy rating; the new target implies 47.6% upside from the prior close.
• Vishay’s fiscal Q3 results beat estimates: EPS was $0.37 versus $0.29 expected, while revenue rose 23.8% year over year to $978.9 million.
• Analyst views are mixed, with MarketBeat reporting a Moderate Buy consensus and an average $35.50 price target; Zacks Research downgraded the stock to Hold.

Vishay Intertechnology (NYSE:VSH - Get Free Report) had its price target lowered by equities research analysts at Needham & Company LLC from $45.00 to $38.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a "buy" rating on the semiconductor company's stock. Needham & Company LLC's price target would indicate a potential upside of 47.60% from the company's previous close.

A number of other equities research analysts have also issued reports on VSH. Raymond James Financial began coverage on Vishay Intertechnology in a research note on Tuesday, August 4th. They set an "outperform" rating and a $40.00 price target for the company. Zacks Research lowered Vishay Intertechnology from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Oppenheimer upped their price target on Vishay Intertechnology from $42.00 to $45.00 and gave the stock an "outperform" rating in a research report on Thursday, October 8th. Weiss Ratings downgraded Vishay Intertechnology from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, September 25th. Finally, Wall Street Zen upgraded Vishay Intertechnology from a "hold" rating to a "buy" rating in a research note on Saturday, October 10th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $35.50.

Vishay Intertechnology Stock Performance

NYSE:VSH opened at $25.75 on Thursday. The firm has a market capitalization of $3.95 billion, a PE ratio of 135.51, a PEG ratio of 3.21 and a beta of 1.90. The stock's fifty day moving average is $31.10 and its 200 day moving average is $32.13. Vishay Intertechnology has a fifty-two week low of $11.77 and a fifty-two week high of $69.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.80.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The semiconductor company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.08. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. The business had revenue of $978.94 million for the quarter, compared to analysts' expectations of $965.40 million. During the same quarter in the previous year, the business posted $0.04 earnings per share. The business's revenue was up 23.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Vishay Intertechnology will post 0.85 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Raanan Zilberman sold 16,575 shares of the company's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $35.82, for a total value of $593,716.50. Following the sale, the director directly owned 31,937 shares of the company's stock, valued at $1,143,983.34. This represents a 34.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 8.35% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Csenge Advisory Group purchased a new stake in Vishay Intertechnology in the 3rd quarter worth $438,000. M&G PLC grew its position in shares of Vishay Intertechnology by 56.1% in the third quarter. M&G PLC now owns 177,089 shares of the semiconductor company's stock valued at $5,844,000 after purchasing an additional 63,627 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of Vishay Intertechnology during the third quarter worth about $271,000. Allspring Global Investments Holdings LLC increased its stake in shares of Vishay Intertechnology by 6.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 25,165 shares of the semiconductor company's stock worth $862,000 after purchasing an additional 1,436 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its position in shares of Vishay Intertechnology by 28.8% during the 3rd quarter. Pictet Asset Management Holding SA now owns 22,973 shares of the semiconductor company's stock worth $748,000 after purchasing an additional 5,142 shares during the last quarter. 93.66% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Vishay Intertechnology

Here are the key news stories impacting Vishay Intertechnology this week:

• Positive Sentiment: Fiscal Q3 adjusted EPS was $0.37, above the $0.29 consensus and up from $0.04 a year earlier. Revenue rose 23.8% year over year to $978.9 million, exceeding the $965.4 million estimate. Vishay Q3 results
• Positive Sentiment: A Q3 analysis highlights market-share gains and the company’s distribution strategy as drivers of revenue growth, suggesting momentum in its business. Q3 market-share and distribution analysis
• Neutral Sentiment: Vishay initiated its fiscal Q4 sales outlook. The provided reports do not include the forecast figures, so investors will want to compare them with expectations. Q3 results and Q4 guidance
• Negative Sentiment: Zacks Research downgraded VSH from “strong buy” to “hold,” a change in analyst sentiment that may temper the positive reaction to the earnings beat. Zacks downgrade report

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc is a global manufacturer of electronic components used in industrial, automotive, computing, telecommunications, consumer electronics, aerospace and defense, and medical applications. The company's portfolio includes passive components and semiconductor products that support power management, signal processing, sensing, connectivity and energy conversion.

Its products include resistors, capacitors, inductors, diodes, rectifiers, power MOSFETs, optoelectronic components, sensors, transducers and related power and circuit-protection devices.

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