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

Vishay Intertechnology (NYSE:VSH) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other brokerages have also commented on VSH. Wall Street Zen lowered Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings raised Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Finally, Bank of America upped their price target on Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $24.00.

Vishay Intertechnology Stock Up 6.4%

Vishay Intertechnology stock opened at $39.75 on Monday. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of 3,975.40 and a beta of 1.76. The firm’s fifty day moving average price is $50.33 and its two-hundred day moving average price is $31.02. Vishay Intertechnology has a 1-year low of $11.77 and a 1-year high of $69.47. The company has a current ratio of 2.64, a quick ratio of 1.53 and a debt-to-equity ratio of 0.47.

Vishay Intertechnology (NYSE:VSH) last posted its earnings results on Wednesday, May 13th. The semiconductor company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. Vishay Intertechnology had a net margin of 0.07% and a return on equity of 0.22%. The company had revenue of $839.24 million during the quarter, compared to the consensus estimate of $823.54 million. During the same period in the previous year, the firm posted ($0.03) earnings per share. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, equities research analysts predict that Vishay Intertechnology will post 0.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vishay Intertechnology

Several institutional investors and hedge funds have recently added to or reduced their stakes in VSH. Dimensional Fund Advisors LP lifted its position in shares of Vishay Intertechnology by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,102,376 shares of the semiconductor company’s stock worth $127,830,000 after buying an additional 208,472 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Vishay Intertechnology by 25.3% in the third quarter. Woodline Partners LP now owns 6,813,765 shares of the semiconductor company’s stock valued at $104,251,000 after acquiring an additional 1,377,356 shares in the last quarter. Deprince Race & Zollo Inc. grew its holdings in shares of Vishay Intertechnology by 8.4% in the first quarter. Deprince Race & Zollo Inc. now owns 3,181,050 shares of the semiconductor company’s stock valued at $57,259,000 after acquiring an additional 247,060 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Vishay Intertechnology by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,907,928 shares of the semiconductor company’s stock valued at $42,144,000 after acquiring an additional 10,917 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Vishay Intertechnology by 28.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,466,224 shares of the semiconductor company’s stock valued at $35,736,000 after acquiring an additional 539,603 shares during 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.