Vishay Intertechnology (VSH) Raised to “Buy” at Zacks Investment Research

Vishay Intertechnology (NYSE:VSH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday, April 14th. The brokerage presently has a $18.00 target price on the semiconductor company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 11.46% from the stock’s previous close.

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. “

Vishay Intertechnology (NYSE:VSH) traded up 1.393% on Friday, reaching $16.375. The company had a trading volume of 549,620 shares. The stock has a market capitalization of $2.39 billion, a P/E ratio of 42.866 and a beta of 1.12. The stock’s 50-day moving average price is $16.31 and its 200-day moving average price is $16.00. Vishay Intertechnology has a 12-month low of $11.68 and a 12-month high of $17.60.

Vishay Intertechnology (NYSE:VSH) last issued its earnings results on Wednesday, May 3rd. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.05. The company had revenue of $606 million during the quarter, compared to analyst estimates of $598.72 million. Vishay Intertechnology had a return on equity of 7.72% and a net margin of 2.10%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $0.19 EPS. On average, equities research analysts anticipate that Vishay Intertechnology will post $1.20 EPS for the current fiscal year.

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In related news, insider Marc Zandman sold 53,105 shares of Vishay Intertechnology stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $16.19, for a total value of $859,769.95. Following the sale, the insider now directly owns 60,093 shares in the company, valued at approximately $972,905.67. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gerald Paul sold 50,000 shares of Vishay Intertechnology stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $16.76, for a total value of $838,000.00. Following the completion of the sale, the insider now owns 212,986 shares in the company, valued at $3,569,645.36. The disclosure for this sale can be found here. Insiders sold a total of 230,439 shares of company stock valued at $3,792,421 in the last 90 days. 7.91% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE raised its stake in Vishay Intertechnology by 0.5% in the first quarter. US Bancorp DE now owns 8,759 shares of the semiconductor company’s stock valued at $144,000 after buying an additional 45 shares during the last quarter. Capstone Asset Management Co. raised its stake in Vishay Intertechnology by 0.5% in the first quarter. Capstone Asset Management Co. now owns 17,708 shares of the semiconductor company’s stock valued at $291,000 after buying an additional 80 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in Vishay Intertechnology by 0.4% in the first quarter. Wedge Capital Management L L P NC now owns 30,510 shares of the semiconductor company’s stock valued at $502,000 after buying an additional 126 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Vishay Intertechnology by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 18,468 shares of the semiconductor company’s stock valued at $304,000 after buying an additional 219 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Vishay Intertechnology by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 12,657 shares of the semiconductor company’s stock valued at $208,000 after buying an additional 308 shares during the last quarter.

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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