Vishay Intertechnology (NYSE:VSH) Raised to “Hold” at StockNews.com

Vishay Intertechnology (NYSE:VSH) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

Separately, TD Cowen reduced their price objective on shares of Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating for the company in a research report on Thursday, August 8th.

Vishay Intertechnology Stock Performance

Vishay Intertechnology stock opened at $15.22 on Tuesday. The business has a 50 day moving average of $17.80 and a 200-day moving average of $20.65. The company has a market capitalization of $2.08 billion, a P/E ratio of 24.55 and a beta of 1.09. Vishay Intertechnology has a 1 year low of $15.11 and a 1 year high of $24.72. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 1.85.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). Vishay Intertechnology had a return on equity of 5.35% and a net margin of 2.88%. The company had revenue of $735.35 million for the quarter, compared to the consensus estimate of $748.84 million. During the same quarter last year, the business earned $0.60 earnings per share. Vishay Intertechnology’s revenue was down 13.9% compared to the same quarter last year. On average, equities research analysts predict that Vishay Intertechnology will post 0.55 earnings per share for the current year.

Institutional Investors Weigh In On Vishay Intertechnology

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC grew its stake in Vishay Intertechnology by 924.9% in the 3rd quarter. Mountaineer Partners Management LLC now owns 20,844,077 shares of the semiconductor company’s stock valued at $394,161,000 after purchasing an additional 18,810,325 shares during the period. Vanguard Group Inc. grew its position in Vishay Intertechnology by 5.0% during the first quarter. Vanguard Group Inc. now owns 14,919,132 shares of the semiconductor company’s stock valued at $338,366,000 after buying an additional 714,275 shares during the period. Deprince Race & Zollo Inc. increased its holdings in Vishay Intertechnology by 94.0% during the second quarter. Deprince Race & Zollo Inc. now owns 3,129,207 shares of the semiconductor company’s stock worth $69,781,000 after buying an additional 1,516,368 shares during the last quarter. American Century Companies Inc. increased its holdings in Vishay Intertechnology by 12.7% during the second quarter. American Century Companies Inc. now owns 3,109,768 shares of the semiconductor company’s stock worth $69,348,000 after buying an additional 350,512 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in Vishay Intertechnology by 2.5% in the third quarter. Fisher Asset Management LLC now owns 2,673,088 shares of the semiconductor company’s stock worth $50,548,000 after acquiring an additional 66,268 shares during the period. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.