Needham & Company LLC Begins Coverage on Vishay Intertechnology (NYSE:VSH)

Needham & Company LLC began coverage on shares of Vishay Intertechnology (NYSE:VSH) in a research report issued on Tuesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $45.00 price target on the semiconductor company’s stock. Needham & Company LLC’s target price suggests a potential upside of 27.38% from the company’s previous close.

A number of other equities analysts have also issued reports on the stock. Wall Street Zen lowered shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research 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 report on Wednesday, May 27th. Bank of America lifted their price objective on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a research note on Thursday, May 14th. Raymond James Financial initiated coverage on shares of Vishay Intertechnology in a report on Tuesday. They issued an “outperform” rating and a $40.00 target price for the company. Finally, Zacks Research downgraded shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.25.

Vishay Intertechnology Stock Up 3.2%

VSH opened at $35.33 on Tuesday. Vishay Intertechnology has a one year low of $11.77 and a one year high of $69.47. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.53 and a current ratio of 2.64. The stock has a market capitalization of $4.81 billion, a P/E ratio of 3,532.70 and a beta of 1.81. The business’s 50-day simple moving average is $49.47 and its 200-day simple moving average is $32.28.

Vishay Intertechnology (NYSE:VSH) last announced its earnings results on Wednesday, May 13th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $839.24 million during 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 revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.03) EPS. Analysts anticipate that Vishay Intertechnology will post 0.75 EPS for the current year.

Institutional Investors Weigh In On Vishay Intertechnology

Several hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its position in Vishay Intertechnology by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,102,376 shares of the semiconductor company’s stock valued at $127,830,000 after buying an additional 208,472 shares during the last quarter. Woodline Partners LP raised its position in Vishay Intertechnology by 25.3% during the 3rd quarter. Woodline Partners LP now owns 6,813,765 shares of the semiconductor company’s stock worth $104,251,000 after buying an additional 1,377,356 shares during the last quarter. Deprince Race & Zollo Inc. lifted its stake in shares of Vishay Intertechnology by 8.4% in the 1st quarter. Deprince Race & Zollo Inc. now owns 3,181,050 shares of the semiconductor company’s stock worth $57,259,000 after acquiring an additional 247,060 shares during the period. Geode Capital Management LLC lifted its stake in shares of Vishay Intertechnology by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,907,928 shares of the semiconductor company’s stock worth $42,144,000 after acquiring an additional 10,917 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Vishay Intertechnology by 28.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,466,224 shares of the semiconductor company’s stock worth $35,736,000 after acquiring an additional 539,603 shares during the period. 93.66% of the stock is owned by institutional investors and hedge funds.

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.