Vishay Intertechnology, Inc. (VSH) Raised to Strong-Buy at Zacks Investment Research
Vishay Intertechnology, Inc. (NYSE:VSH) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday. The brokerage currently has a $22.00 target price on the semiconductor company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 9.45% from the company’s current price.
According to Zacks, “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. Diodes segment’s products include rectifiers, small signal diodes, protection diodes, thyristors/silicon-controlled rectifiers (SCRs) and power modules. Optoelectronic Components segment includes infrared (IR) emitters and detectors, IR remote control receivers, optocouplers, solid-state relays, optical sensors, light-emitting diodes (LEDs), 7-segment displays and IR data transceiver modules (IrDA). Resistors and Inductors segment manufactures various types of fixed resistors, both in discrete and network forms, as well as various variable types. Capacitors segment manufactures products based on capacitor technologies. “
Several other research analysts have also recently issued reports on the stock. BidaskClub cut shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $17.00 price objective on shares of Vishay Intertechnology in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $19.50.
Shares of Vishay Intertechnology (NYSE:VSH) traded up 3.61% on Thursday, reaching $20.10. 3,070,298 shares of the company traded hands. Vishay Intertechnology has a 1-year low of $13.66 and a 1-year high of $20.15. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 38.14 and a beta of 1.24. The company has a 50-day moving average of $17.85 and a 200-day moving average of $17.00.
Vishay Intertechnology (NYSE:VSH) last issued its earnings results on Thursday, August 3rd. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.02. Vishay Intertechnology had a net margin of 3.34% and a return on equity of 9.89%. The firm had revenue of $644.89 million during the quarter, compared to analysts’ expectations of $643.19 million. During the same quarter last year, the company posted $0.23 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. Analysts anticipate that Vishay Intertechnology will post $1.34 earnings per share for the current fiscal year.
Vishay Intertechnology declared that its board has authorized a share repurchase plan on Wednesday, August 2nd that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the semiconductor company to buy up to 5.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Eqis Capital Management Inc. purchased a new position in Vishay Intertechnology in the third quarter valued at $292,000. Public Employees Retirement System of Ohio increased its holdings in Vishay Intertechnology by 72.3% in the second quarter. Public Employees Retirement System of Ohio now owns 52,577 shares of the semiconductor company’s stock valued at $873,000 after buying an additional 22,054 shares in the last quarter. Koch Industries Inc. purchased a new position in Vishay Intertechnology in the second quarter valued at $417,000. Sterling Capital Management LLC increased its holdings in Vishay Intertechnology by 10.0% in the second quarter. Sterling Capital Management LLC now owns 82,061 shares of the semiconductor company’s stock valued at $1,362,000 after buying an additional 7,450 shares in the last quarter. Finally, 361 Capital LLC purchased a new position in Vishay Intertechnology in the second quarter valued at $2,064,000.
About Vishay Intertechnology
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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