Vishay Intertechnology (NYSE:VSH) Shares Climb 12.8% – Still a Buy?

Vishay Intertechnology, Inc. (NYSE:VSH)’s stock price rose 12.8% during mid-day trading on Monday. The stock traded as high as $26.23 and last traded at $26.2690. 1,330,767 shares traded hands during trading, a decline of 69% from the average daily volume of 4,353,584 shares. The stock had previously closed at $23.28.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Raymond James Financial started coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 price target for the company. Oppenheimer lifted their price objective on Vishay Intertechnology from $42.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 8th. Truist Financial initiated coverage on shares of Vishay Intertechnology in a report on Thursday, September 3rd. They issued a “buy” rating and a $42.00 target price for the company. Wall Street Zen upgraded shares of Vishay Intertechnology from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Zacks Research downgraded shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.86.

Vishay Intertechnology Stock Up 8.9%

The firm has a market capitalization of $4.47 billion, a PE ratio of 47.01, a P/E/G ratio of 2.71 and a beta of 1.90. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.31 and a quick ratio of 2.27. The company has a 50-day moving average price of $30.60 and a 200 day moving average price of $32.25.

Vishay Intertechnology (NYSE:VSH) last released its earnings results on Wednesday, November 4th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.08. Vishay Intertechnology had a return on equity of 3.80% and a net margin of 2.72%. The firm had revenue of $978.94 million during the quarter, compared to analysts’ expectations of $965.40 million. During the same quarter last year, the business posted $0.04 earnings per share. The firm’s revenue was up 23.8% on a year-over-year basis. Analysts forecast that Vishay Intertechnology, Inc. will post 0.98 earnings per share for the current year.

Insider Activity

In other news, Director Raanan Zilberman sold 16,575 shares of Vishay Intertechnology stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $35.82, for a total transaction of $593,716.50. Following the sale, the director owned 31,937 shares in the company, valued at $1,143,983.34. This trade represents a 34.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.35% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vishay Intertechnology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Andar Capital Management HK Ltd bought a new position in shares of Vishay Intertechnology during the 2nd quarter valued at approximately $160,000,000. William Blair Investment Management LLC increased its position in Vishay Intertechnology by 248.4% in the third quarter. William Blair Investment Management LLC now owns 5,124,041 shares of the semiconductor company’s stock worth $166,788,000 after purchasing an additional 3,653,318 shares during the last quarter. Valliance Asset Management Ltd bought a new stake in Vishay Intertechnology in the second quarter worth $146,405,000. Assenagon Asset Management S.A. bought a new stake in Vishay Intertechnology in the third quarter worth $38,800,000. Finally, Brooklands Fund Management Ltd purchased a new stake in Vishay Intertechnology during the third quarter valued at $25,864,000. 93.66% of the stock is owned by institutional investors.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc. designs and manufactures discrete semiconductors and passive electronic components used in a wide range of electronic systems. Its products include diodes, MOSFETs, optoelectronic components, resistors, inductors, capacitors and sensors. The company’s components are used in applications across markets such as automotive, industrial, computing, telecommunications, consumer electronics, medical and aerospace. Vishay serves customers worldwide through a global network of manufacturing and sales operations.