Vishay Intertechnology (NYSE:VSH) Raised to Strong-Buy at Zacks Research

Key Points

• Zacks Research upgraded Vishay Intertechnology to “strong buy” from “hold.” Other analysts have issued mostly bullish ratings, giving the stock an overall “Moderate Buy” consensus and an average price target of $36.17.
• Vishay reported quarterly EPS of $0.19, beating the $0.15 consensus estimate, while revenue reached $918.58 million and rose 16.6% year over year.
• Institutional investors own 93.66% of the company, with several major firms recently establishing or expanding positions; meanwhile, a director sold 16,575 shares under a pre-arranged trading plan.

Vishay Intertechnology (NYSE:VSH - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued on Monday, Zacks reports.

A number of other brokerages also recently weighed in on VSH. Needham & Company LLC started coverage on shares of Vishay Intertechnology in a research note on Tuesday, August 4th. They set a "buy" rating and a $45.00 target price for the company. Raymond James Financial began coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They issued an "outperform" rating and a $40.00 price target on the stock. Weiss Ratings lowered Vishay Intertechnology from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, September 25th. Oppenheimer assumed coverage on Vishay Intertechnology in a research note on Tuesday, September 15th. They set an "outperform" rating and a $42.00 price objective for the company. Finally, Truist Financial assumed coverage on Vishay Intertechnology in a report on Thursday, September 3rd. They issued a "buy" rating and a $42.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $36.17.

Vishay Intertechnology Stock Performance

Shares of Vishay Intertechnology stock opened at $37.95 on Monday. Vishay Intertechnology has a 12 month low of $11.77 and a 12 month high of $69.47. The firm has a market capitalization of $5.82 billion, a P/E ratio of 199.75, a P/E/G ratio of 4.37 and a beta of 1.79. The company has a current ratio of 1.80, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $32.78 and a two-hundred day simple moving average of $36.82.

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 (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.04. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. The company had revenue of $918.58 million during the quarter, compared to analyst estimates of $897.03 million. During the same period last year, the business earned ($0.07) EPS. Vishay Intertechnology's quarterly revenue was up 16.6% compared to the same quarter last year. On average, equities analysts forecast that Vishay Intertechnology will post 0.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Vishay Intertechnology

In other news, Director Raanan Zilberman sold 16,575 shares of the 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.35% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vishay Intertechnology

Institutional investors have recently bought and sold shares of the business. Andar Capital Management HK Ltd bought a new position in shares of Vishay Intertechnology in the second quarter worth about $160,000,000. Valliance Asset Management Ltd purchased a new stake in Vishay Intertechnology during the 2nd quarter valued at approximately $146,405,000. Dimensional Fund Advisors LP raised its position in shares of Vishay Intertechnology by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 7,102,376 shares of the semiconductor company's stock valued at $127,830,000 after buying an additional 208,472 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Vishay Intertechnology by 7.6% in the second quarter. Wellington Management Group LLP now owns 2,312,220 shares of the semiconductor company's stock worth $124,351,000 after buying an additional 162,447 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new position in shares of Vishay Intertechnology in the second quarter worth $79,095,000. Hedge funds and other institutional investors own 93.66% of the company's stock.

About Vishay Intertechnology

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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