Stifel Nicolaus Downgrades Vishay Intertechnology Inc. (VSH) to Hold
Vishay Intertechnology Inc. (NYSE:VSH) was downgraded by investment analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued on Wednesday. They currently have a $15.00 price target on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 2.74% from the company’s previous close. The analysts noted that the move was a valuation call.
Other equities research analysts also recently issued reports about the stock. Argus reiterated a “buy” rating on shares of Vishay Intertechnology in a research note on Wednesday, August 10th. Zacks Investment Research upgraded shares of Vishay Intertechnology from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Wednesday, July 20th.
Shares of Vishay Intertechnology (NYSE:VSH) opened at 14.60 on Wednesday. The firm has a 50-day moving average of $14.03 and a 200 day moving average of $13.30. Vishay Intertechnology has a 52 week low of $9.96 and a 52 week high of $14.95. The company’s market cap is $2.14 billion.
Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings data on Monday, November 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $592 million for the quarter, compared to the consensus estimate of $591.68 million. Vishay Intertechnology had a negative net margin of 1.74% and a positive return on equity of 7.29%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 earnings per share. Equities analysts anticipate that Vishay Intertechnology will post $0.88 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of VSH. LS Investment Advisors LLC increased its stake in Vishay Intertechnology by 69.0% in the second quarter. LS Investment Advisors LLC now owns 8,114 shares of the company’s stock valued at $101,000 after buying an additional 3,312 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in Vishay Intertechnology during the second quarter valued at approximately $129,000. KBC Group NV increased its stake in Vishay Intertechnology by 166.8% in the third quarter. KBC Group NV now owns 10,570 shares of the company’s stock valued at $149,000 after buying an additional 6,608 shares in the last quarter. World Asset Management Inc acquired a new stake in Vishay Intertechnology during the third quarter valued at approximately $154,000. Finally, Invictus RG acquired a new stake in Vishay Intertechnology during the first quarter valued at approximately $160,000.
Vishay Intertechnology Company Profile
Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five segments. The MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs. The Diodes segment’s products include rectifiers, small signal diodes, protection diodes, thyristors/silicon-controlled rectifiers (SCRs) and power modules.
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