Vishay Intertechnology (NYSE:VSH) Price Target Raised to $45.00

Vishay Intertechnology (NYSE:VSH) had its target price upped by investment analysts at Oppenheimer from $42.00 to $45.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the semiconductor company’s stock. Oppenheimer’s price target points to a potential upside of 22.04% from the company’s previous close.

Several other research analysts also recently issued reports on VSH. Needham & Company LLC began coverage on Vishay Intertechnology in a research note on Tuesday, August 4th. They set a “buy” rating and a $45.00 price target for the company. Weiss Ratings downgraded Vishay Intertechnology from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 25th. Truist Financial started coverage on Vishay Intertechnology in a research note on Thursday, September 3rd. They issued a “buy” rating and a $42.00 target price on the stock. Zacks Research raised Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Wall Street Zen cut Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $36.67.

Vishay Intertechnology Stock Performance

Shares of Vishay Intertechnology stock opened at $36.87 on Thursday. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 194.07, a PEG ratio of 4.46 and a beta of 1.79. The firm’s fifty day simple moving average is $32.92 and its 200-day simple moving average is $36.96. 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 12 month low of $11.77 and a 12 month high of $69.47.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. The company had revenue of $918.58 million during the quarter, compared to analysts’ expectations of $897.03 million. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%.The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period last year, the firm earned ($0.07) EPS. As a group, equities analysts forecast that Vishay Intertechnology will post 0.85 earnings per share for the current year.

Insider Transactions at Vishay Intertechnology

In other Vishay Intertechnology news, Director Raanan Zilberman sold 16,575 shares of Vishay Intertechnology stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $35.82, for a total value of $593,716.50. Following the completion of the sale, the director directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 8.35% of the company’s stock.

Institutional Investors Weigh In On Vishay Intertechnology

Several hedge funds have recently made changes to their positions in VSH. Carolina Wealth Advisors LLC bought a new position in Vishay Intertechnology during the second quarter valued at about $32,000. GAMMA Investing LLC boosted its stake in shares of Vishay Intertechnology by 8.2% during the 2nd quarter. GAMMA Investing LLC now owns 9,261 shares of the semiconductor company’s stock worth $498,000 after acquiring an additional 702 shares in the last quarter. Rakuten Securities Inc. bought a new stake in shares of Vishay Intertechnology during the 2nd quarter worth about $47,000. Integrated Wealth Concepts LLC acquired a new position in shares of Vishay Intertechnology during the 2nd quarter valued at about $49,000. Finally, Allworth Financial LP bought a new position in shares of Vishay Intertechnology in the 2nd quarter valued at approximately $54,000. Institutional investors and hedge funds own 93.66% of the company’s stock.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc (NYSE:VSH) is a manufacturer of electronic components used in a broad range of electrical and electronic systems. Its portfolio includes passive components such as resistors, capacitors, inductors and sensors, as well as semiconductor products including diodes, rectifiers, MOSFETs and optoelectronic devices.

The company’s products support applications in automotive, industrial, computing, telecommunications, consumer electronics, medical equipment, aerospace and defense.