Bank of America Forecasts Strong Price Appreciation for Vishay Intertechnology (NYSE:VSH) Stock

Vishay Intertechnology (NYSE:VSH) had its price target increased by investment analysts at Bank of America from $14.00 to $16.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “underperform” rating on the semiconductor company’s stock. Bank of America‘s price objective would indicate a potential downside of 13.39% from the stock’s current price.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Vishay Intertechnology in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Sell” and an average target price of $16.00.

Vishay Intertechnology Stock Performance

Shares of VSH stock opened at $18.47 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.60 and a current ratio of 2.67. Vishay Intertechnology has a 52 week low of $10.35 and a 52 week high of $19.81. The company’s 50 day moving average price is $15.22 and its two-hundred day moving average price is $15.62. The company has a market capitalization of $2.50 billion, a P/E ratio of -32.41 and a beta of 1.12.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings results on Wednesday, November 5th. The semiconductor company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. Vishay Intertechnology had a negative net margin of 2.56% and a negative return on equity of 0.36%. The company had revenue of $790.64 million during the quarter, compared to analysts’ expectations of $779.81 million. During the same quarter in the prior year, the company earned $0.08 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, analysts expect that Vishay Intertechnology will post 0.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp increased its position in shares of Vishay Intertechnology by 709.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,797 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 1,575 shares during the last quarter. Quarry LP acquired a new stake in shares of Vishay Intertechnology in the 3rd quarter valued at approximately $39,000. CWM LLC grew its stake in shares of Vishay Intertechnology by 63.4% in the second quarter. CWM LLC now owns 5,674 shares of the semiconductor company’s stock valued at $90,000 after buying an additional 2,201 shares in the last quarter. AlphaQuest LLC increased its holdings in Vishay Intertechnology by 135.6% during the second quarter. AlphaQuest LLC now owns 5,789 shares of the semiconductor company’s stock worth $92,000 after buying an additional 3,332 shares during the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in Vishay Intertechnology during the second quarter worth $130,000. 93.66% of the stock is owned by institutional investors and hedge funds.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc is a global manufacturer of discrete semiconductors and passive electronic components, serving a wide range of industries including industrial, automotive, computing, consumer electronics, telecommunications, medical, and military/aerospace markets. The company’s portfolio encompasses resistors, capacitors, inductors, sensors, diodes, rectifiers, MOSFETs and a variety of integrated circuit solutions. Vishay’s components are used in power management, signal conditioning, circuit protection and sensing applications, supporting both standard and custom designs for original equipment manufacturers worldwide.

Originally founded in 1962 by Dr.