Vishay Intertechnology (NYSE:VSH) Given New $45.00 Price Target at Oppenheimer

Key Points

• Oppenheimer raised Vishay Intertechnology’s price target to $45 from $42 while maintaining an “outperform” rating, implying approximately 22% upside from the reported $36.87 share price.
• Analyst sentiment is generally positive: MarketBeat reports a consensus “Moderate Buy” rating and an average price target of $36.67, while recent ratings ranged from “strong buy” to “sell.”
• 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. Institutional investors own 93.66% of the company, while a director recently sold 16,575 shares.

Vishay Intertechnology (NYSE:VSH - Get Free Report) had its target price lifted by research analysts at Oppenheimer from $42.00 to $45.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an "outperform" rating on the semiconductor company's stock. Oppenheimer's price objective indicates a potential upside of 22.04% from the company's current price.

Several other brokerages have also commented on VSH. Zacks Research raised shares of Vishay Intertechnology from a "hold" rating to a "strong-buy" rating in a report on Monday. Wall Street Zen lowered shares of Vishay Intertechnology from a "buy" rating to a "hold" rating in a research report on Saturday, September 5th. Truist Financial assumed coverage on shares of Vishay Intertechnology in a research note on Thursday, September 3rd. They set a "buy" rating and a $42.00 target price for the company. Needham & Company LLC started coverage on shares of Vishay Intertechnology in a research report on Tuesday, August 4th. They set a "buy" rating and a $45.00 price target for the company. Finally, Weiss Ratings cut Vishay Intertechnology from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, September 25th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $36.67.

Vishay Intertechnology Stock Performance

Shares of Vishay Intertechnology stock opened at $36.87 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.80 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average price of $32.92 and a 200 day moving average price of $36.96. Vishay Intertechnology has a 52 week low of $11.77 and a 52 week high of $69.47. The firm has a market capitalization of $5.66 billion, a P/E ratio of 194.07, a PEG ratio of 4.46 and a beta of 1.79.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.04. The company had revenue of $918.58 million for the quarter, compared to the consensus estimate of $897.03 million. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. Vishay Intertechnology's quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) EPS. Sell-side analysts expect that Vishay Intertechnology will post 0.85 EPS for the current year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Vishay Intertechnology

A number of hedge funds have recently made changes to their positions in the stock. Engineers Gate Manager LP boosted its stake in shares of Vishay Intertechnology by 39.7% in the 2nd quarter. Engineers Gate Manager LP now owns 122,584 shares of the semiconductor company's stock valued at $6,593,000 after buying an additional 34,851 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in Vishay Intertechnology in the second quarter valued at approximately $10,756,000. NewEdge Advisors LLC lifted its stake in Vishay Intertechnology by 19.9% in the second quarter. NewEdge Advisors LLC now owns 210,330 shares of the semiconductor company's stock worth $11,312,000 after acquiring an additional 34,918 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in Vishay Intertechnology in the second quarter worth approximately $2,720,000. Finally, Hsbc Holdings PLC acquired a new position in Vishay Intertechnology during the 1st quarter worth approximately $574,000. Hedge funds and other institutional investors own 93.66% of the company's stock.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc NYSE: VSH is a manufacturer of electronic components used in a broad range of electrical and electronic systems. Its portfolio includes passive components such as resistors, capacitors, inductors and sensors, as well as semiconductor products including diodes, rectifiers, MOSFETs and optoelectronic devices.

The company's products support applications in automotive, industrial, computing, telecommunications, consumer electronics, medical equipment, aerospace and defense.

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