Vishay Intertechnology (NYSE:VSH) Rating Lowered to Hold at Zacks Research

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

VSH has been the topic of several other reports. Oppenheimer increased their target price on shares of Vishay Intertechnology from $42.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, October 8th. Needham & Company LLC assumed coverage on shares of Vishay Intertechnology in a report on Tuesday, August 4th. They issued a “buy” rating and a $45.00 price target for the company. Raymond James Financial started coverage on shares of Vishay Intertechnology in a research report on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 price target for the company. Wall Street Zen raised shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Finally, Truist Financial started coverage on shares of Vishay Intertechnology in a research note on Thursday, September 3rd. They set a “buy” rating and a $42.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.67.

Vishay Intertechnology Price Performance

VSH opened at $25.75 on Tuesday. Vishay Intertechnology has a 12-month low of $11.77 and a 12-month high of $69.47. The company has a current ratio of 1.80, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The business’s fifty day simple moving average is $31.10 and its 200-day simple moving average is $32.13. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 135.51, a PEG ratio of 3.21 and a beta of 1.90.

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

Insiders Place Their Bets

In related news, Director Raanan Zilberman sold 16,575 shares of the firm’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $35.82, for a total transaction of $593,716.50. Following the sale, the director owned 31,937 shares of the company’s stock, valued at $1,143,983.34. This trade represents a 34.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.35% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vishay Intertechnology

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Andar Capital Management HK Ltd purchased a new position in Vishay Intertechnology in the second quarter worth $160,000,000. Valliance Asset Management Ltd acquired a new position in shares of Vishay Intertechnology during the second quarter worth $146,405,000. Dimensional Fund Advisors LP lifted its holdings 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 valued at $127,830,000 after purchasing an additional 208,472 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Vishay Intertechnology by 7.6% during the 2nd quarter. Wellington Management Group LLP now owns 2,312,220 shares of the semiconductor company’s stock valued at $124,351,000 after purchasing an additional 162,447 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in shares of Vishay Intertechnology during the 2nd quarter valued at $79,095,000. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Trending Headlines about Vishay Intertechnology

Here are the key news stories impacting Vishay Intertechnology this week:

• Positive Sentiment: Fiscal Q3 adjusted EPS was $0.37, above the $0.29 consensus and up from $0.04 a year earlier. Revenue rose 23.8% year over year to $978.9 million, exceeding the $965.4 million estimate. Vishay Q3 results
• Positive Sentiment: A Q3 analysis highlights market-share gains and the company’s distribution strategy as drivers of revenue growth, suggesting momentum in its business. Q3 market-share and distribution analysis
• Neutral Sentiment: Vishay initiated its fiscal Q4 sales outlook. The provided reports do not include the forecast figures, so investors will want to compare them with expectations. Q3 results and Q4 guidance
• Negative Sentiment: Zacks Research downgraded VSH from “strong buy” to “hold,” a change in analyst sentiment that may temper the positive reaction to the earnings beat. Zacks downgrade report

Vishay Intertechnology Company Profile

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.