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

Vishay Intertechnology (NYSE:VSH) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other equities research analysts have also recently issued reports on the stock. Weiss Ratings raised shares of Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Needham & Company LLC started coverage on Vishay Intertechnology in a report on Tuesday, August 4th. They issued a “buy” rating and a $45.00 price target for the company. Zacks Research cut Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Bank of America boosted their price objective on Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a research note on Thursday, May 14th. Finally, Raymond James Financial assumed coverage on Vishay Intertechnology in a report on Tuesday, August 4th. They set an “outperform” rating and a $40.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $33.25.

Vishay Intertechnology Trading Up 0.2%

Shares of VSH opened at $35.47 on Friday. Vishay Intertechnology has a fifty-two week low of $11.77 and a fifty-two week high of $69.47. The business has a 50-day moving average of $48.20 and a 200 day moving average of $32.77. The firm has a market cap of $4.83 billion, a P/E ratio of 186.67 and a beta of 1.81. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.80.

Vishay Intertechnology (NYSE:VSH) last posted its earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.04. The firm had revenue of $918.58 million during the quarter, compared to the consensus estimate of $897.03 million. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. The company’s revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.07) earnings per share. As a group, research analysts forecast that Vishay Intertechnology will post 0.86 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. increased its position in shares of Vishay Intertechnology by 212.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 1,402 shares during the last quarter. Carolina Wealth Advisors LLC bought a new stake in Vishay Intertechnology during the second quarter valued at approximately $32,000. Quarry LP bought a new stake in Vishay Intertechnology during the third quarter valued at approximately $39,000. Empowered Funds LLC purchased a new position in Vishay Intertechnology in the 4th quarter worth approximately $57,000. Finally, Hantz Financial Services Inc. grew its stake in Vishay Intertechnology by 255.8% in the 4th quarter. Hantz Financial Services Inc. now owns 5,124 shares of the semiconductor company’s stock worth $74,000 after buying an additional 3,684 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 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.