Vishay Intertechnology (NYSE:VSH) Stock Price Target Cut by Needham & Company LLC

Vishay Intertechnology (NYSE:VSH) had its target price decreased by analysts at Needham & Company LLC from $45.00 to $38.00 in a research note issued on Thursday, Marketbeat.com reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC‘s price objective suggests a potential upside of 63.31% from the stock’s current price.

VSH has been the topic of several other reports. Oppenheimer lifted their price target on shares of Vishay Intertechnology from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 8th. Zacks Research downgraded shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Raymond James Financial started 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. Wall Street Zen upgraded Vishay Intertechnology from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Finally, Truist Financial assumed coverage on Vishay Intertechnology in a report on Thursday, September 3rd. They issued a “buy” rating and a $42.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Vishay Intertechnology has an average rating of “Moderate Buy” and a consensus target price of $35.86.

Vishay Intertechnology Stock Up 5.7%

Shares of NYSE VSH traded up $1.25 during midday trading on Thursday, hitting $23.27. 3,721,236 shares of the company’s stock were exchanged, compared to its average volume of 3,558,985. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.80 and a quick ratio of 1.27. Vishay Intertechnology has a twelve month low of $11.77 and a twelve month high of $69.47. The company has a market cap of $3.57 billion, a PE ratio of 37.53, a P/E/G ratio of 3.01 and a beta of 1.90. The firm’s fifty day simple moving average is $30.75 and its 200-day simple moving average is $32.17.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings results on Wednesday, November 4th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. The firm had revenue of $978.94 million during the quarter, compared to the consensus estimate of $965.40 million. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%. The firm’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.04 earnings per share. Research analysts predict that Vishay Intertechnology will post 0.85 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Raanan Zilberman sold 16,575 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 31,937 shares of the company’s stock, valued at approximately $1,143,983.34. The trade was a 34.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.35% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. William Blair Investment Management LLC lifted its holdings in shares of Vishay Intertechnology by 248.4% in the 3rd quarter. William Blair Investment Management LLC now owns 5,124,041 shares of the semiconductor company’s stock valued at $166,788,000 after buying an additional 3,653,318 shares during the period. Andar Capital Management HK Ltd purchased a new position in Vishay Intertechnology in the second quarter worth $160,000,000. Valliance Asset Management Ltd purchased a new position in Vishay Intertechnology in the second quarter worth $146,405,000. Dimensional Fund Advisors LP lifted its holdings in Vishay Intertechnology by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 7,102,376 shares of the semiconductor company’s stock valued at $127,830,000 after acquiring an additional 208,472 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Vishay Intertechnology by 7.6% in the second quarter. Wellington Management Group LLP now owns 2,312,220 shares of the semiconductor company’s stock valued at $124,351,000 after acquiring an additional 162,447 shares during the period. 93.66% of the stock is owned by hedge funds and other institutional investors.

About Vishay Intertechnology

Vishay Intertechnology, Inc is a global manufacturer of electronic components used in industrial, automotive, computing, telecommunications, consumer electronics, aerospace and defense, and medical applications. The company’s portfolio includes passive components and semiconductor products that support power management, signal processing, sensing, connectivity and energy conversion.

Its products include resistors, capacitors, inductors, diodes, rectifiers, power MOSFETs, optoelectronic components, sensors, transducers and related power and circuit-protection devices.