Vishay Intertechnology (NYSE:VSH) Coverage Initiated by Analysts at Truist Financial

Analysts at Truist Financial started coverage on shares of Vishay Intertechnology (NYSE:VSH) in a research note issued to investors on Thursday, Briefing.com reports. The brokerage set a “buy” rating and a $42.00 price target on the semiconductor company’s stock. Truist Financial’s price target points to a potential upside of 37.09% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Zacks Research lowered Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Wall Street Zen raised Vishay Intertechnology from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Needham & Company LLC began coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They set a “buy” rating and a $45.00 price objective for the company. Raymond James Financial assumed coverage on Vishay Intertechnology in a research note on Tuesday, August 4th. They set an “outperform” rating and a $40.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Vishay Intertechnology in a research note on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Vishay Intertechnology has a consensus rating of “Moderate Buy” and an average target price of $35.00.

Vishay Intertechnology Trading Up 3.4%

Vishay Intertechnology stock opened at $30.64 on Thursday. Vishay Intertechnology has a 1 year low of $11.77 and a 1 year high of $69.47. The firm’s 50-day moving average is $38.09 and its 200-day moving average is $34.38. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.80. The company has a market cap of $4.70 billion, a P/E ratio of 161.26, a PEG ratio of 3.46 and a beta of 1.80.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.04. The firm had revenue of $918.58 million for 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%. Vishay Intertechnology’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.07) earnings per share. On average, equities analysts expect that Vishay Intertechnology will post 0.86 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Carolina Wealth Advisors LLC bought a new stake in shares of Vishay Intertechnology during the second quarter valued at about $32,000. ProShare Advisors LLC grew its position in Vishay Intertechnology by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 23,569 shares of the semiconductor company’s stock valued at $342,000 after buying an additional 699 shares in the last quarter. GAMMA Investing LLC grew its position in Vishay Intertechnology by 8.2% in the 2nd quarter. GAMMA Investing LLC now owns 9,261 shares of the semiconductor company’s stock valued at $498,000 after buying an additional 702 shares in the last quarter. Rakuten Securities Inc. acquired a new position in Vishay Intertechnology during the 2nd quarter valued at about $47,000. Finally, Allworth Financial LP acquired a new position in Vishay Intertechnology during the 2nd quarter valued at about $54,000. 93.66% of the stock is owned by institutional investors and hedge funds.

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.