Vishay Intertechnology (NYSE:VSH) Coverage Initiated by Analysts at Truist Financial

Key Points

• Truist Financial initiated coverage with a “buy” rating and a $42 price target for Vishay Intertechnology, implying 37.09% upside from the prior close.
• Analyst sentiment is generally positive: the stock carries a consensus “Moderate Buy” rating with an average target price of $35.00, supported by recent buy and outperform recommendations.
• Vishay exceeded quarterly expectations, reporting $0.19 in EPS versus a $0.15 consensus estimate and $918.58 million in revenue, up 16.6% year over year.

Investment analysts at Truist Financial began coverage on shares of Vishay Intertechnology (NYSE:VSH - Get Free Report) in a report issued on Thursday, Briefing.com reports. The firm set a "buy" rating and a $42.00 price target on the semiconductor company's stock. Truist Financial's price objective indicates a potential upside of 37.09% from the stock's previous close.

A number of other equities research analysts have also issued reports on the company. Raymond James Financial started coverage on Vishay Intertechnology in a research note on Tuesday, August 4th. They issued an "outperform" rating and a $40.00 target price for the company. Wall Street Zen upgraded Vishay Intertechnology from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Bank of America increased their price objective on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the company an "underperform" rating in a research report on Thursday, May 14th. Weiss Ratings reiterated a "hold (c)" rating on shares of Vishay Intertechnology in a research note on Monday, August 24th. Finally, Zacks Research cut shares of Vishay Intertechnology from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $35.00.

Vishay Intertechnology Stock Up 3.4%

Shares of Vishay Intertechnology stock opened at $30.64 on Thursday. The company has a fifty day moving average price of $38.09 and a 200 day moving average price of $34.38. The company has a current ratio of 1.80, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. Vishay Intertechnology has a twelve month low of $11.77 and a twelve month high of $69.47. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 161.26, a price-to-earnings-growth ratio of 3.46 and a beta of 1.80.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.04. The firm had revenue of $918.58 million during the quarter, compared to the consensus estimate of $897.03 million. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%.The firm's quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.07) EPS. Equities research analysts forecast that Vishay Intertechnology will post 0.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vishay Intertechnology

Several large investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. grew its stake in Vishay Intertechnology by 212.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 1,402 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new stake in Vishay Intertechnology during the second quarter valued at approximately $32,000. Quarry LP acquired a new stake in Vishay Intertechnology during the third quarter valued at approximately $39,000. Rakuten Securities Inc. bought a new position in Vishay Intertechnology during the 2nd quarter worth approximately $47,000. Finally, Allworth Financial LP bought a new position in Vishay Intertechnology during the 2nd quarter worth approximately $54,000. Institutional investors own 93.66% of the company's stock.

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.

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