Vishay Intertechnology (NYSE:VSH) Upgraded by Wall Street Zen to Buy Rating

Key Points

• Wall Street Zen upgraded Vishay Intertechnology to “buy” from “hold.” However, the broader analyst consensus remains “hold,” with a consensus price target of $33.25.
• Vishay reported quarterly EPS of $0.19, exceeding the $0.15 estimate, while revenue of $918.6 million beat forecasts and rose 16.6% year over year.
• Shares opened at $35.47, with the company valued at approximately $4.83 billion; institutional investors own a substantial 93.66% of outstanding shares.

Vishay Intertechnology (NYSE:VSH - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

VSH has been the subject of several other reports. Raymond James Financial began coverage on shares of Vishay Intertechnology in a report on Tuesday. They issued an "outperform" rating and a $40.00 price objective for the company. Bank of America boosted their target price on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the company an "underperform" rating in a report on Thursday, May 14th. Needham & Company LLC started coverage on Vishay Intertechnology in a research report on Tuesday. They set a "buy" rating and a $45.00 target price on the stock. Zacks Research lowered Vishay Intertechnology from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th. Finally, Weiss Ratings upgraded Vishay Intertechnology from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $33.25.

Vishay Intertechnology Stock Performance

Shares of Vishay Intertechnology stock opened at $35.47 on Friday. The business's fifty day simple moving average is $48.20 and its 200 day simple moving average is $32.67. The firm has a market capitalization of $4.83 billion, a P/E ratio of 186.67 and a beta of 1.81. Vishay Intertechnology has a 12 month low of $11.77 and a 12 month high of $69.47. The company has a current ratio of 1.80, a quick ratio of 1.53 and a debt-to-equity ratio of 0.08.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $918.58 million during the quarter, compared to the consensus estimate of $897.03 million. During the same quarter in the prior year, the company earned ($0.07) EPS. The business's revenue for the quarter was up 16.6% on a year-over-year basis. As a group, analysts anticipate that Vishay Intertechnology will post 0.81 EPS for the current year.

Institutional Trading of Vishay Intertechnology

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC bought a new position in shares of Vishay Intertechnology in the first quarter worth approximately $574,000. Dimensional Fund Advisors LP raised its holdings in Vishay Intertechnology by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,102,376 shares of the semiconductor company's stock valued at $127,830,000 after buying an additional 208,472 shares during the last quarter. SummitTX Capital L.P. bought a new stake in Vishay Intertechnology during the 1st quarter valued at $2,555,000. Edgestream Partners L.P. boosted its position in Vishay Intertechnology by 127.4% during the 1st quarter. Edgestream Partners L.P. now owns 316,191 shares of the semiconductor company's stock valued at $5,691,000 after buying an additional 177,151 shares during the period. Finally, Mizuho Markets Americas LLC boosted its position in Vishay Intertechnology by 71.0% during the 1st quarter. Mizuho Markets Americas LLC now owns 963,167 shares of the semiconductor company's stock valued at $17,337,000 after buying an additional 399,800 shares during the period. Institutional investors own 93.66% of the company's stock.

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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