Vishay Intertechnology, Inc. (NYSE:VSH) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Monday, July 31st.
Other equities research analysts have also issued reports about the company. Zacks Investment Research upgraded Vishay Intertechnology from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Friday, April 14th. ValuEngine upgraded Vishay Intertechnology from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Stifel Nicolaus restated a “hold” rating and issued a $17.00 price target on shares of Vishay Intertechnology in a research report on Friday, July 14th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Vishay Intertechnology has a consensus rating of “Buy” and a consensus price target of $18.50.
Shares of Vishay Intertechnology (NYSE VSH) traded down 0.59% during mid-day trading on Monday, reaching $16.80. The company’s stock had a trading volume of 1,542,874 shares. The firm has a market cap of $2.46 billion, a P/E ratio of 31.88 and a beta of 1.22. The firm’s 50-day moving average price is $17.41 and its 200 day moving average price is $16.60. Vishay Intertechnology has a 12-month low of $13.37 and a 12-month high of $18.55.
Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.02. Vishay Intertechnology had a return on equity of 9.89% and a net margin of 3.34%. The firm had revenue of $644.89 million during the quarter, compared to analyst estimates of $643.19 million. During the same quarter in the previous year, the business earned $0.23 EPS. Vishay Intertechnology’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, analysts expect that Vishay Intertechnology will post $1.34 EPS for the current year.
Vishay Intertechnology declared that its board has approved a share repurchase plan on Wednesday, August 2nd that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase up to 5.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its position 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 worth $873,000 after buying an additional 22,054 shares during the period. Koch Industries Inc. purchased a new position in Vishay Intertechnology during the second quarter worth approximately $417,000. Sterling Capital Management LLC boosted its position 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 worth $1,362,000 after buying an additional 7,450 shares during the period. 361 Capital LLC purchased a new position in Vishay Intertechnology during the second quarter worth approximately $2,064,000. Finally, The Manufacturers Life Insurance Company boosted its position in Vishay Intertechnology by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 295,221 shares of the semiconductor company’s stock worth $4,900,000 after buying an additional 1,105 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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