Vishay Intertechnology (NYSE:VSH) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Vishay Intertechnology from “buy” to “hold,” although the broader analyst consensus remains “Moderate Buy” with an average price target of $35.
• Vishay reported quarterly EPS of $0.19, beating the $0.15 consensus estimate, while revenue reached $918.58 million and increased 16.6% year over year.
• Institutional investors and hedge funds own 93.66% of the company, with several large investors recently establishing or expanding positions in VSH.

Vishay Intertechnology (NYSE:VSH - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other brokerages also recently weighed in on VSH. Raymond James Financial assumed coverage on Vishay Intertechnology in a research note on Tuesday, August 4th. They set an "outperform" rating and a $40.00 target price for the company. Truist Financial assumed coverage on shares of Vishay Intertechnology in a report on Thursday. They issued a "buy" rating and a $42.00 price target for the company. Weiss Ratings restated a "hold (c)" rating on shares of Vishay Intertechnology in a research report on Monday, August 24th. Bank of America upped their price objective on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the stock an "underperform" rating in a research report on Thursday, May 14th. Finally, Zacks Research downgraded shares of Vishay Intertechnology from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Vishay Intertechnology presently has an average rating of "Moderate Buy" and an average price target of $35.00.

Vishay Intertechnology Price Performance

Shares of Vishay Intertechnology stock opened at $31.86 on Friday. The firm has a market cap of $4.89 billion, a PE ratio of 167.69, a P/E/G ratio of 3.55 and a beta of 1.80. Vishay Intertechnology has a twelve month low of $11.77 and a twelve month high of $69.47. 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 business has a 50-day moving average price of $37.02 and a 200 day moving average price of $34.44.

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 analysts' consensus estimates of $0.15 by $0.04. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%.The company had revenue of $918.58 million for the quarter, compared to the consensus estimate of $897.03 million. During the same quarter in the prior year, the business posted ($0.07) earnings per share. Vishay Intertechnology's revenue for the quarter was up 16.6% on a year-over-year basis. Sell-side analysts predict that Vishay Intertechnology will post 0.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vishay Intertechnology

A number of institutional investors and hedge funds have recently bought and sold shares of VSH. Andar Capital Management HK Ltd purchased a new position in shares of Vishay Intertechnology during the 2nd quarter worth $160,000,000. California State Teachers Retirement System lifted its holdings in shares of Vishay Intertechnology by 5,625.0% in the 2nd quarter. California State Teachers Retirement System now owns 7,534,739 shares of the semiconductor company's stock worth $405,218,000 after acquiring an additional 7,403,128 shares during the last quarter. Valliance Asset Management Ltd acquired a new position in Vishay Intertechnology in the 2nd quarter valued at about $146,405,000. T. Rowe Price Investment Management Inc. acquired a new stake in Vishay Intertechnology during the 4th quarter worth approximately $25,009,000. Finally, William Blair Investment Management LLC purchased a new position in Vishay Intertechnology in the second quarter valued at $79,095,000. 93.66% of the stock is currently owned by institutional investors and hedge funds.

Vishay Intertechnology Company Profile

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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