Vishay Intertechnology (VSH) Upgraded at Zacks Investment Research

Vishay Intertechnology (NYSE:VSH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

According to Zacks, “Vishay Intertechnology, Inc., a Fortune 1,000 Company listed on the NYSE (VSH), is one of the world’s largest manufacturers of discrete semiconductors (diodes, MOSFETs, and infrared optoelectronics) and passive electronic components (resistors, inductors, and capacitors). These components are used in virtually all types of electronic devices and equipment, in the industrial, computing, automotive, consumer, telecommunications, military, aerospace, power supplies, and medical markets. Vishay’s product innovations, successful acquisition strategy, and one-stop shop service have made it a global industry leader. “

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Several other analysts have also recently weighed in on VSH. ValuEngine cut Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price target (down previously from $23.00) on shares of Vishay Intertechnology in a report on Wednesday, February 7th. Finally, TheStreet cut Vishay Intertechnology from an “a-” rating to a “c+” rating in a report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $22.00.

Shares of NYSE:VSH traded down $0.10 on Friday, hitting $18.75. The company’s stock had a trading volume of 1,194,096 shares, compared to its average volume of 1,434,281. Vishay Intertechnology has a 1 year low of $15.40 and a 1 year high of $23.85. The stock has a market cap of $2,687.54, a P/E ratio of 13.15, a PEG ratio of 2.43 and a beta of 1.29. The company has a quick ratio of 3.11, a current ratio of 3.88 and a debt-to-equity ratio of 0.44.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). Vishay Intertechnology had a negative net margin of 0.78% and a positive return on equity of 14.07%. The business had revenue of $674.50 million during the quarter, compared to analysts’ expectations of $677.51 million. During the same period in the previous year, the business earned $0.18 EPS. The business’s revenue was up 18.2% on a year-over-year basis. equities research analysts expect that Vishay Intertechnology will post 1.57 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in VSH. Legal & General Group Plc raised its holdings in shares of Vishay Intertechnology by 2.5% during the 3rd quarter. Legal & General Group Plc now owns 198,511 shares of the semiconductor company’s stock valued at $3,728,000 after buying an additional 4,851 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Vishay Intertechnology by 3.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,229,309 shares of the semiconductor company’s stock valued at $23,112,000 after buying an additional 37,655 shares in the last quarter. AMP Capital Investors Ltd raised its holdings in shares of Vishay Intertechnology by 13.0% during the 3rd quarter. AMP Capital Investors Ltd now owns 41,700 shares of the semiconductor company’s stock valued at $784,000 after buying an additional 4,800 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Vishay Intertechnology by 3.7% during the 3rd quarter. Janus Henderson Group PLC now owns 1,485,016 shares of the semiconductor company’s stock valued at $27,918,000 after buying an additional 53,009 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Vishay Intertechnology by 4.1% during the 3rd quarter. California Public Employees Retirement System now owns 515,978 shares of the semiconductor company’s stock valued at $9,700,000 after buying an additional 20,478 shares in the last quarter.

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Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five product segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors and Capacitors. MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs.

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