Vishay Intertechnology (NYSE:VSH) Stock Rating Upgraded by Zacks Research

Vishay Intertechnology (NYSE:VSH) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks reports.

Several other equities research analysts have also recently commented on VSH. Wall Street Zen cut Vishay Intertechnology from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. Raymond James Financial began coverage on shares of Vishay Intertechnology in a report on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 price objective for the company. Oppenheimer started coverage on Vishay Intertechnology in a report on Tuesday, September 15th. They set an “outperform” rating and a $42.00 target price on the stock. Weiss Ratings downgraded Vishay Intertechnology from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 25th. Finally, Needham & Company LLC initiated coverage on shares of Vishay Intertechnology in a research report on Tuesday, August 4th. They issued a “buy” rating and a $45.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Vishay Intertechnology currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.17.

Vishay Intertechnology Trading Up 2.3%

Shares of NYSE:VSH opened at $37.95 on Monday. The firm has a fifty day moving average of $32.78 and a two-hundred day moving average of $36.82. The firm has a market capitalization of $5.82 billion, a P/E ratio of 199.75, a price-to-earnings-growth ratio of 4.37 and a beta of 1.79. Vishay Intertechnology has a 12-month low of $11.77 and a 12-month 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) last posted its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. The business had revenue of $918.58 million for the quarter, compared to the consensus estimate of $897.03 million. During the same period in the prior year, the business posted ($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, equities analysts expect that Vishay Intertechnology will post 0.85 EPS for the current fiscal year.

Insider Buying and Selling at Vishay Intertechnology

In related news, Director Raanan Zilberman sold 16,575 shares of the firm’s stock in a transaction on Friday, October 2nd. The stock was 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 of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 8.35% of the company’s stock.

Hedge Funds Weigh In On Vishay Intertechnology

A number of hedge funds have recently made changes to their positions in the business. Engineers Gate Manager LP boosted its holdings in shares of Vishay Intertechnology by 39.7% in the 2nd quarter. Engineers Gate Manager LP now owns 122,584 shares of the semiconductor company’s stock worth $6,593,000 after acquiring an additional 34,851 shares in the last quarter. BlueCrest Capital Management Ltd bought a new position in Vishay Intertechnology in the 2nd quarter valued at $10,756,000. NewEdge Advisors LLC boosted its stake in Vishay Intertechnology by 19.9% in the second quarter. NewEdge Advisors LLC now owns 210,330 shares of the semiconductor company’s stock worth $11,312,000 after purchasing an additional 34,918 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of Vishay Intertechnology during the second quarter worth $2,720,000. Finally, Hsbc Holdings PLC bought a new position in shares of Vishay Intertechnology in the first quarter valued at about $574,000. Institutional investors and hedge funds own 93.66% of the company’s stock.

Vishay Intertechnology Company Profile

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.