Vishay Intertechnology (NYSE:VSH) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Vishay Intertechnology from “buy” to “strong buy.” Overall analyst sentiment remains “Moderate Buy,” with an average price target of $35.86.
• Vishay reported quarterly EPS of $0.37, beating the $0.29 estimate, and revenue of $978.94 million, above forecasts. Revenue rose 23.8% year over year.
• Shares opened at $23.27, below their 50-day and 200-day moving averages of $30.75 and $32.17, respectively.

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

Several other brokerages have also recently issued reports on VSH. Oppenheimer lifted their target price on Vishay Intertechnology from $42.00 to $45.00 and gave the stock an "outperform" rating in a report on Thursday, October 8th. Raymond James Financial initiated coverage on shares of Vishay Intertechnology in a research note on Tuesday, August 4th. They set an "outperform" rating and a $40.00 price objective for the company. Truist Financial assumed coverage on Vishay Intertechnology in a research report on Thursday, September 3rd. They issued a "buy" rating and a $42.00 target price for the company. Zacks Research lowered Vishay Intertechnology from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Finally, Williams Trading set a $38.00 price target on shares of Vishay Intertechnology in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Vishay Intertechnology currently has a consensus rating of "Moderate Buy" and an average price target of $35.86.

Vishay Intertechnology Price Performance

NYSE VSH opened at $23.27 on Friday. 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 stock has a market capitalization of $3.57 billion, a PE ratio of 37.53, a price-to-earnings-growth ratio of 3.01 and a beta of 1.90. The company has a 50 day moving average price of $30.75 and a two-hundred day moving average price of $32.17. Vishay Intertechnology has a 12-month low of $11.77 and a 12-month high of $69.47.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.08. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%. The business had revenue of $978.94 million for the quarter, compared to analyst estimates of $965.40 million. During the same period last year, the company earned $0.04 EPS. The firm's revenue was up 23.8% on a year-over-year basis. As a group, equities analysts predict 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 business's stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $35.82, for a total transaction of $593,716.50. Following the sale, the director owned 31,937 shares in the company, valued at $1,143,983.34. The trade was a 34.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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.

Hedge Funds Weigh In On Vishay Intertechnology

Several institutional investors have recently added to or reduced their stakes in VSH. Root Financial Partners LLC purchased a new stake in shares of Vishay Intertechnology in the third quarter worth about $26,000. Rockefeller Capital Management L.P. lifted its position in shares of Vishay Intertechnology by 212.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 1,402 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new position in shares of Vishay Intertechnology in the second quarter valued at $32,000. Parallel Advisors LLC raised its holdings in Vishay Intertechnology by 90.4% in the third quarter. Parallel Advisors LLC now owns 1,173 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 557 shares during the period. Finally, Rakuten Securities Inc. bought a new stake in shares of Vishay Intertechnology in the second quarter valued at approximately $47,000. Institutional investors own 93.66% of the company's stock.

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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