Vishay Intertechnology (NYSE:VSH) Now Covered by Analysts at Raymond James Financial

Analysts at Raymond James Financial started coverage on shares of Vishay Intertechnology (NYSE:VSH) in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm set an “outperform” rating and a $40.00 price target on the semiconductor company’s stock. Raymond James Financial’s price objective suggests a potential upside of 13.23% from the company’s current price.

Several other research analysts have also recently weighed in on the stock. Zacks Research cut shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Wall Street Zen lowered shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Bank of America lifted their target price on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings upgraded Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $33.25.

Vishay Intertechnology Trading Up 3.2%

NYSE:VSH opened at $35.33 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.53 and a current ratio of 2.64. Vishay Intertechnology has a 52 week low of $11.77 and a 52 week high of $69.47. The firm has a market cap of $4.81 billion, a P/E ratio of 3,532.70 and a beta of 1.81. The firm’s fifty day moving average is $49.47 and its 200-day moving average is $32.28.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings results on Wednesday, May 13th. The semiconductor company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $839.24 million for the quarter, compared to analysts’ expectations of $823.54 million. Vishay Intertechnology had a net margin of 0.07% and a return on equity of 0.22%. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.03) EPS. Equities analysts expect that Vishay Intertechnology will post 0.75 earnings per share for the current year.

Hedge Funds Weigh In On Vishay Intertechnology

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of Vishay Intertechnology by 26.6% during the 1st quarter. Royal Bank of Canada now owns 71,823 shares of the semiconductor company’s stock valued at $1,142,000 after buying an additional 15,079 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Vishay Intertechnology by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,123 shares of the semiconductor company’s stock valued at $1,179,000 after acquiring an additional 2,250 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Vishay Intertechnology by 5.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 250,154 shares of the semiconductor company’s stock valued at $3,977,000 after acquiring an additional 12,547 shares during the period. AXA S.A. lifted its holdings in Vishay Intertechnology by 13.5% during the second quarter. AXA S.A. now owns 176,254 shares of the semiconductor company’s stock valued at $2,799,000 after purchasing an additional 20,950 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in Vishay Intertechnology by 132.4% during the second quarter. Quantinno Capital Management LP now owns 52,791 shares of the semiconductor company’s stock valued at $838,000 after purchasing an additional 30,075 shares during the last quarter. 93.66% of the stock is owned by institutional investors.

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.