Vishay Intertechnology (NYSE:VSH – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.
Other equities research analysts have also issued reports about the company. Needham & Company LLC initiated coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They issued a “buy” rating and a $45.00 target price on the stock. Truist Financial began coverage on Vishay Intertechnology in a research report on Thursday. They issued a “buy” rating and a $42.00 target price on the stock. Zacks Research downgraded Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Raymond James Financial began coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They set an “outperform” rating and a $40.00 price target for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Vishay Intertechnology in a report on Monday, August 24th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.00.
Read Our Latest Stock Analysis on Vishay Intertechnology
Vishay Intertechnology Price Performance
Vishay Intertechnology (NYSE:VSH – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.04. The company had revenue of $918.58 million during the quarter, compared to analyst estimates of $897.03 million. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.07) earnings per share. As a group, research analysts predict that Vishay Intertechnology will post 0.85 EPS for the current year.
Institutional Investors Weigh In On Vishay Intertechnology
Institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC acquired a new position in Vishay Intertechnology in the 1st quarter valued at $574,000. Dimensional Fund Advisors LP lifted its position in Vishay Intertechnology by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,102,376 shares of the semiconductor company’s stock worth $127,830,000 after acquiring an additional 208,472 shares during the last quarter. SummitTX Capital L.P. bought a new stake in Vishay Intertechnology during the first quarter valued at about $2,555,000. Edgestream Partners L.P. boosted its holdings in Vishay Intertechnology by 127.4% during the first quarter. Edgestream Partners L.P. now owns 316,191 shares of the semiconductor company’s stock valued at $5,691,000 after acquiring an additional 177,151 shares during the period. Finally, Mizuho Markets Americas LLC boosted its stake in Vishay Intertechnology by 71.0% during the 1st quarter. Mizuho Markets Americas LLC now owns 963,167 shares of the semiconductor company’s stock valued at $17,337,000 after purchasing an additional 399,800 shares during the period. Institutional investors and hedge funds own 93.66% of the company’s stock.
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.
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