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 stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

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

Vishay Intertechnology Stock Up 4.1%

Vishay Intertechnology stock traded up $0.62 during mid-day trading on Friday, hitting $15.80. The company had a trading volume of 1,111,780 shares, compared to its average volume of 1,117,010. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -24.30 and a beta of 1.15. Vishay Intertechnology has a 1 year low of $10.35 and a 1 year high of $20.15. The company has a quick ratio of 1.64, a current ratio of 2.70 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average of $15.78 and a 200 day moving average of $15.12.

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

Institutional Trading of Vishay Intertechnology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Vishay Intertechnology during the 2nd quarter worth about $84,496,000. Woodline Partners LP increased its position in Vishay Intertechnology by 142.4% during the 1st quarter. Woodline Partners LP now owns 4,292,204 shares of the semiconductor company's stock worth $68,246,000 after purchasing an additional 2,521,413 shares in the last quarter. American Century Companies Inc. increased its position in Vishay Intertechnology by 1.4% during the 2nd quarter. American Century Companies Inc. now owns 4,143,815 shares of the semiconductor company's stock worth $65,804,000 after purchasing an additional 55,446 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Vishay Intertechnology by 5.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,284,565 shares of the semiconductor company's stock worth $36,325,000 after purchasing an additional 115,319 shares in the last quarter. Finally, Bragg Financial Advisors Inc increased its position in Vishay Intertechnology by 11.3% during the 2nd quarter. Bragg Financial Advisors Inc now owns 1,762,937 shares of the semiconductor company's stock worth $27,995,000 after purchasing an additional 178,496 shares in the last quarter. Hedge funds and other institutional investors own 93.66% of the company's stock.

Vishay Intertechnology Company Profile

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.