Wall Street Zen Upgrades Vishay Intertechnology (NYSE:VSH) to “Strong-Buy”

Vishay Intertechnology (NYSE:VSH) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other equities analysts have also issued reports on the stock. Weiss Ratings lowered shares of Vishay Intertechnology from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 25th. Zacks Research downgraded shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 3rd. Oppenheimer upped their target price on Vishay Intertechnology from $42.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, October 8th. Raymond James Financial started coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They set an “outperform” rating and a $40.00 target price on the stock. Finally, Needham & Company LLC cut their price target on Vishay Intertechnology from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.86.

Vishay Intertechnology Stock Performance

VSH stock opened at $23.27 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.31 and a quick ratio of 2.27. The business has a 50-day moving average price of $30.75 and a 200 day moving average price of $32.17. The company has a market capitalization of $3.57 billion, a P/E ratio of 37.53, a PEG ratio of 2.44 and a beta of 1.90. Vishay Intertechnology has a 1-year low of $11.77 and a 1-year high of $69.47.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Wednesday, November 4th. The semiconductor company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.08. Vishay Intertechnology had a net margin of 2.72% and a return on equity of 3.80%. The company had revenue of $978.94 million during the quarter, compared to analyst estimates of $965.40 million. During the same period in the prior year, the firm earned $0.04 earnings per share. The firm’s revenue for the quarter was up 23.8% compared to the same quarter last year. As a group, equities research analysts forecast that Vishay Intertechnology will post 0.95 EPS for the current fiscal year.

Insider Buying and Selling at Vishay Intertechnology

In related news, Director Raanan Zilberman sold 16,575 shares of the business’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $35.82, for a total transaction of $593,716.50. Following the transaction, the director directly owned 31,937 shares in the company, valued at $1,143,983.34. The trade was a 34.17% decrease in their position. The sale was disclosed in a filing 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 owned by insiders.

Institutional Investors Weigh In On Vishay Intertechnology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VSH. William Blair Investment Management LLC raised its position in Vishay Intertechnology by 248.4% during the 3rd quarter. William Blair Investment Management LLC now owns 5,124,041 shares of the semiconductor company’s stock worth $166,788,000 after buying an additional 3,653,318 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Vishay Intertechnology by 7.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 495,974 shares of the semiconductor company’s stock valued at $16,134,000 after acquiring an additional 33,436 shares during the period. Maryland State Retirement & Pension System boosted its holdings in shares of Vishay Intertechnology by 73.5% in the 3rd quarter. Maryland State Retirement & Pension System now owns 31,386 shares of the semiconductor company’s stock valued at $1,022,000 after acquiring an additional 13,291 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of Vishay Intertechnology by 10.4% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 68,585 shares of the semiconductor company’s stock valued at $2,232,000 after acquiring an additional 6,444 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC purchased a new stake in shares of Vishay Intertechnology in the 3rd quarter valued at $2,062,000. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc designs and manufactures discrete semiconductors and passive electronic components used in a wide range of electronic systems. Its products include diodes, MOSFETs, optoelectronic components, resistors, inductors, capacitors and sensors.

The company’s components are used in applications across markets such as automotive, industrial, computing, telecommunications, consumer electronics, medical and aerospace. Vishay serves customers worldwide through a global network of manufacturing and sales operations.

Founded in 1962 by physicist Felix Zandman, Vishay is headquartered in Malvern, Pennsylvania.