Vishay Intertechnology, Inc. (VSH) Lowered to “Hold” at Zacks Investment Research
Vishay Intertechnology, Inc. (NYSE:VSH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “Vishay Intertechnology, Inc. is a leading international manufacturer and supplier of discrete passive electronic components and discrete active electronic components, particularly resistors, capacitors, inductors, diodes and transistors. The company offers its customers one-stop access to one of the most comprehensive electronic component lines of any manufacturer in the United States or Europe. Passive electronic components, discrete active electronic components and integrated circuits are the primary elements of every electronic circuit. “
Several other analysts also recently commented on VSH. ValuEngine raised Vishay Intertechnology from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub downgraded Vishay Intertechnology from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $17.00 price objective on shares of Vishay Intertechnology in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.50.
Vishay Intertechnology (VSH) opened at 18.00 on Wednesday. Vishay Intertechnology has a 52-week low of $13.37 and a 52-week high of $18.55. The company’s 50-day moving average price is $17.45 and its 200 day moving average price is $16.73. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 34.16 and a beta of 1.23.
Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.02. The business had revenue of $644.89 million for the quarter, compared to the consensus estimate of $643.19 million. Vishay Intertechnology had a return on equity of 9.89% and a net margin of 3.34%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS. Equities analysts predict that Vishay Intertechnology will post $1.34 earnings per share for the current fiscal year.
Vishay Intertechnology announced that its board has initiated a stock buyback plan on Wednesday, August 2nd that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to reacquire up to 5.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Glen Harbor Capital Management LLC raised its stake in shares of Vishay Intertechnology by 7.4% in the 1st quarter. Glen Harbor Capital Management LLC now owns 6,050 shares of the semiconductor company’s stock valued at $100,000 after purchasing an additional 418 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Vishay Intertechnology by 83.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,200 shares of the semiconductor company’s stock valued at $102,000 after purchasing an additional 2,827 shares during the period. Elkfork Partners LLC raised its stake in shares of Vishay Intertechnology by 7.4% in the 1st quarter. Elkfork Partners LLC now owns 7,700 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 532 shares during the period. Riverhead Capital Management LLC raised its stake in shares of Vishay Intertechnology by 65.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 8,090 shares of the semiconductor company’s stock valued at $134,000 after purchasing an additional 3,190 shares during the period. Finally, US Bancorp DE raised its stake in shares of Vishay Intertechnology by 0.5% in the 1st quarter. US Bancorp DE now owns 8,759 shares of the semiconductor company’s stock valued at $144,000 after purchasing an additional 45 shares during the period.
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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