Vishay Intertechnology (NYSE:VSH) Raised to Hold at Wall Street Zen

Key Points

• Vishay Intertechnology has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, reflecting a shift in analyst sentiment towards the stock.
• The company reported a quarterly loss of ($0.07) earnings per share, missing analysts' estimates by ($0.09), despite a year-over-year revenue increase of 2.8% to $762.25 million.
• Institutional investors own 93.66% of Vishay Intertechnology's stock, indicating strong confidence in the company's long-term potential amidst recent trading fluctuations.

Vishay Intertechnology (NYSE:VSH - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Separately, Zacks Research raised shares of Vishay Intertechnology from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Vishay Intertechnology presently has an average rating of "Hold" and an average price target of $19.00.

Vishay Intertechnology Trading Down 1.5%

Shares of NYSE:VSH opened at $15.27 on Friday. The company has a 50 day moving average of $15.94 and a 200-day moving average of $15.17. The firm has a market cap of $2.07 billion, a P/E ratio of -23.48 and a beta of 1.15. Vishay Intertechnology has a twelve month low of $10.35 and a twelve month high of $20.15. The company has a current ratio of 2.70, a quick ratio of 1.64 and a debt-to-equity ratio of 0.44.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.09). The company had revenue of $762.25 million during the quarter, compared to analyst estimates of $756.07 million. Vishay Intertechnology had a negative return on equity of 0.10% and a negative net margin of 3.00%.The company's revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 earnings per share. As a group, analysts anticipate that Vishay Intertechnology will post 0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vishay Intertechnology

Several hedge funds have recently made changes to their positions in the company. Orion Porfolio Solutions LLC lifted its position in shares of Vishay Intertechnology by 19.6% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 93,784 shares of the semiconductor company's stock valued at $1,489,000 after acquiring an additional 15,355 shares in the last quarter. Public Sector Pension Investment Board lifted its position in shares of Vishay Intertechnology by 7.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 382,578 shares of the semiconductor company's stock valued at $6,075,000 after acquiring an additional 26,300 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Vishay Intertechnology by 14.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 17,475 shares of the semiconductor company's stock valued at $278,000 after acquiring an additional 2,151 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Vishay Intertechnology by 7.4% in the 2nd quarter. Corient Private Wealth LLC now owns 18,598 shares of the semiconductor company's stock valued at $295,000 after acquiring an additional 1,288 shares in the last quarter. Finally, Gallagher Fiduciary Advisors LLC lifted its position in shares of Vishay Intertechnology by 21.8% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 23,873 shares of the semiconductor company's stock valued at $379,000 after acquiring an additional 4,267 shares in the last quarter. Hedge funds and other institutional investors own 93.66% of the company's stock.

About Vishay Intertechnology

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.

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