Zacks Research Downgrades Vishay Intertechnology (NYSE:VSH) to Hold

Vishay Intertechnology (NYSE:VSH) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings raised shares of Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Finally, Bank of America increased their price objective on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $24.00.

Vishay Intertechnology Stock Performance

Shares of VSH opened at $39.75 on Monday. The company has a quick ratio of 1.53, a current ratio of 2.64 and a debt-to-equity ratio of 0.47. The business has a 50-day simple moving average of $50.33 and a two-hundred day simple moving average of $31.02. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 3,975.40 and a beta of 1.76. Vishay Intertechnology has a 52 week low of $11.77 and a 52 week high of $69.47.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data on Wednesday, May 13th. The semiconductor company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $839.24 million for the quarter, compared to analysts’ expectations of $823.54 million. Vishay Intertechnology had a return on equity of 0.22% and a net margin of 0.07%.The business’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.03) EPS. On average, analysts expect that Vishay Intertechnology will post 0.75 EPS for the current year.

Hedge Funds Weigh In On Vishay Intertechnology

Institutional investors have recently bought and sold shares of the stock. Carolina Wealth Advisors LLC purchased a new stake in Vishay Intertechnology in the 2nd quarter worth $32,000. Rockefeller Capital Management L.P. increased its stake in Vishay Intertechnology by 212.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 1,402 shares during the last quarter. Quarry LP bought a new stake in Vishay Intertechnology in the 3rd quarter worth approximately $39,000. Empowered Funds LLC purchased a new stake in shares of Vishay Intertechnology during the 4th quarter worth approximately $57,000. Finally, Somerset Trust Co purchased a new stake in shares of Vishay Intertechnology during the 2nd quarter worth approximately $256,000. 93.66% of the stock is owned by hedge funds and other institutional investors.

About Vishay Intertechnology

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.