Wall Street Zen Upgrades Vishay Intertechnology (NYSE:VSH) to "Buy"

Key Points

• Wall Street Zen upgraded Vishay Intertechnology to “Buy” from “Hold,” while the broader analyst consensus is “Moderate Buy” with an average price target of $36.67.
• Vishay reported quarterly EPS of $0.19, beating estimates of $0.15, while revenue rose 16.6% year over year to $918.58 million.
• Shares opened at $34.08, with the company valued at approximately $5.23 billion; institutional investors own 93.66% of outstanding shares.

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

Other equities analysts have also recently issued research reports about the stock. Needham & Company LLC initiated coverage on shares of Vishay Intertechnology in a research note on Tuesday, August 4th. They issued a "buy" rating and a $45.00 price objective on the stock. Weiss Ratings lowered shares of Vishay Intertechnology from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, September 25th. Truist Financial assumed coverage on shares of Vishay Intertechnology in a report on Thursday, September 3rd. They set a "buy" rating and a $42.00 target price for the company. Oppenheimer lifted their price target on shares of Vishay Intertechnology from $42.00 to $45.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, Raymond James Financial started coverage on Vishay Intertechnology in a report on Tuesday, August 4th. They issued an "outperform" rating and a $40.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $36.67.

Vishay Intertechnology Trading Down 1.4%

Shares of VSH stock opened at $34.08 on Friday. The stock has a 50-day simple moving average of $32.93 and a 200 day simple moving average of $37.06. The stock has a market capitalization of $5.23 billion, a P/E ratio of 179.37, a P/E/G ratio of 4.07 and a beta of 1.79. Vishay Intertechnology has a fifty-two week low of $11.77 and a fifty-two week 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.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 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 firm had revenue of $918.58 million for the quarter, compared to analysts' expectations of $897.03 million. During the same period in the previous year, the business earned ($0.07) earnings per share. Vishay Intertechnology's revenue for the quarter was up 16.6% compared to the same quarter last year. On average, sell-side analysts expect that Vishay Intertechnology will post 0.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Vishay Intertechnology news, Director Raanan Zilberman sold 16,575 shares of the firm's stock in a transaction dated 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 transaction, the director directly owned 31,937 shares in the company, valued at $1,143,983.34. This trade represents a 34.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 8.35% of the company's stock.

Institutional Investors Weigh In On Vishay Intertechnology

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Vishay Intertechnology by 15.4% in the 3rd quarter. GAMMA Investing LLC now owns 10,687 shares of the semiconductor company's stock worth $348,000 after purchasing an additional 1,426 shares during the period. Farther Finance Advisors LLC raised its stake in Vishay Intertechnology by 275.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,503 shares of the semiconductor company's stock valued at $114,000 after purchasing an additional 2,571 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of Vishay Intertechnology in the second quarter valued at $385,000. Tidal Investments LLC purchased a new stake in shares of Vishay Intertechnology in the second quarter valued at $1,449,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Vishay Intertechnology in the second quarter worth $10,756,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.