Vishay Intertechnology (NYSE:VSH) Raised to Hold at StockNews.com

Vishay Intertechnology (NYSE:VSH) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Separately, JPMorgan Chase & Co. began coverage on Vishay Intertechnology in a research note on Monday, December 16th. They issued a “neutral” rating and a $19.00 target price for the company.

Vishay Intertechnology Price Performance

NYSE:VSH opened at $17.48 on Thursday. Vishay Intertechnology has a 12-month low of $14.95 and a 12-month high of $24.68. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 28.19 and a beta of 1.12. The company’s 50-day moving average is $17.44 and its two-hundred day moving average is $19.54. The company has a current ratio of 2.81, a quick ratio of 1.85 and a debt-to-equity ratio of 0.38.

Vishay Intertechnology (NYSE:VSH) last announced its earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The firm had revenue of $735.35 million for the quarter, compared to analyst estimates of $748.84 million. Vishay Intertechnology had a return on equity of 5.35% and a net margin of 2.88%. The firm’s revenue was down 13.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. Research analysts expect that Vishay Intertechnology will post 0.55 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC raised its holdings in shares of Vishay Intertechnology by 924.9% in the 3rd quarter. Mountaineer Partners Management LLC now owns 20,844,077 shares of the semiconductor company’s stock worth $394,161,000 after purchasing an additional 18,810,325 shares during the period. Deprince Race & Zollo Inc. raised its holdings in Vishay Intertechnology by 94.0% in the second quarter. Deprince Race & Zollo Inc. now owns 3,129,207 shares of the semiconductor company’s stock valued at $69,781,000 after buying an additional 1,516,368 shares during the period. Poplar Forest Capital LLC acquired a new position in Vishay Intertechnology during the second quarter valued at approximately $21,160,000. Needham Investment Management LLC grew its stake in Vishay Intertechnology by 39.2% during the third quarter. Needham Investment Management LLC now owns 1,260,000 shares of the semiconductor company’s stock worth $23,827,000 after buying an additional 355,000 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Vishay Intertechnology by 12.7% in the second quarter. American Century Companies Inc. now owns 3,109,768 shares of the semiconductor company’s stock worth $69,348,000 after acquiring an additional 350,512 shares in the last quarter. Institutional investors and hedge funds 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.