Vishay Intertechnology (NYSE:VSH) Stock Price Target Cut by Needham & Company LLC

Vishay Intertechnology (NYSE:VSH) had its price target reduced by equities research analysts at Needham & Company LLC from $45.00 to $38.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC‘s price target would indicate a potential upside of 47.60% from the stock’s current price.

Several other equities analysts have also issued reports on the company. Oppenheimer increased their target price on Vishay Intertechnology from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 8th. Zacks Research lowered shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Raymond James Financial started coverage on shares of Vishay Intertechnology in a report on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 price objective for the company. Truist Financial initiated coverage on shares of Vishay Intertechnology in a research note on Thursday, September 3rd. They set a “buy” rating and a $42.00 target price on the stock. Finally, Wall Street Zen upgraded shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $35.50.

Vishay Intertechnology Stock Performance

VSH opened at $25.75 on Thursday. The company has a current ratio of 1.80, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The firm’s 50-day moving average price is $31.10 and its 200 day moving average price is $32.13. Vishay Intertechnology has a twelve month low of $11.77 and a twelve month high of $69.47. The firm has a market capitalization of $3.95 billion, a PE ratio of 135.51, a PEG ratio of 3.21 and a beta of 1.90.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Wednesday, November 4th. The semiconductor company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.08. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%. The company had revenue of $978.94 million for the quarter, compared to analyst estimates of $965.40 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The firm’s revenue for the quarter was up 23.8% compared to the same quarter last year. As a group, sell-side analysts expect that Vishay Intertechnology will post 0.85 EPS for the current fiscal year.

Insider Buying and Selling at Vishay Intertechnology

In related news, Director Raanan Zilberman sold 16,575 shares of the stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $35.82, for a total value of $593,716.50. Following the transaction, the director directly owned 31,937 shares of the company’s stock, valued at $1,143,983.34. This trade represents a 34.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 8.35% of the company’s stock.

Institutional Trading of Vishay Intertechnology

Hedge funds and other institutional investors have recently made changes to their positions in the company. Csenge Advisory Group purchased a new position in shares of Vishay Intertechnology during the third quarter worth approximately $438,000. M&G PLC boosted its stake in Vishay Intertechnology by 56.1% during the 3rd quarter. M&G PLC now owns 177,089 shares of the semiconductor company’s stock worth $5,844,000 after purchasing an additional 63,627 shares during the period. Kestra Investment Management LLC acquired a new stake in Vishay Intertechnology during the 3rd quarter worth $271,000. Allspring Global Investments Holdings LLC grew its position in Vishay Intertechnology by 6.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 25,165 shares of the semiconductor company’s stock worth $862,000 after purchasing an additional 1,436 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its position in Vishay Intertechnology by 28.8% during the 3rd quarter. Pictet Asset Management Holding SA now owns 22,973 shares of the semiconductor company’s stock worth $748,000 after purchasing an additional 5,142 shares during the last quarter. Institutional investors and hedge funds own 93.66% of the company’s stock.

Key Vishay Intertechnology News

Here are the key news stories impacting Vishay Intertechnology this week:

• Positive Sentiment: Fiscal Q3 adjusted EPS was $0.37, above the $0.29 consensus and up from $0.04 a year earlier. Revenue rose 23.8% year over year to $978.9 million, exceeding the $965.4 million estimate. Vishay Q3 results
• Positive Sentiment: A Q3 analysis highlights market-share gains and the company’s distribution strategy as drivers of revenue growth, suggesting momentum in its business. Q3 market-share and distribution analysis
• Neutral Sentiment: Vishay initiated its fiscal Q4 sales outlook. The provided reports do not include the forecast figures, so investors will want to compare them with expectations. Q3 results and Q4 guidance
• Negative Sentiment: Zacks Research downgraded VSH from “strong buy” to “hold,” a change in analyst sentiment that may temper the positive reaction to the earnings beat. Zacks downgrade report

About Vishay Intertechnology

Vishay Intertechnology, Inc is a global manufacturer of electronic components used in industrial, automotive, computing, telecommunications, consumer electronics, aerospace and defense, and medical applications. The company’s portfolio includes passive components and semiconductor products that support power management, signal processing, sensing, connectivity and energy conversion.

Its products include resistors, capacitors, inductors, diodes, rectifiers, power MOSFETs, optoelectronic components, sensors, transducers and related power and circuit-protection devices.