Bank of America Forecasts Strong Price Appreciation for Vishay Intertechnology (NYSE:VSH) Stock

Vishay Intertechnology (NYSE:VSHGet Free Report) had its target price lifted by equities research analysts at Bank of America from $18.00 to $28.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “underperform” rating on the semiconductor company’s stock. Bank of America‘s price objective suggests a potential downside of 24.96% from the company’s previous close.

Several other analysts have also recently issued reports on VSH. JPMorgan Chase & Co. upped their target price on shares of Vishay Intertechnology from $14.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Weiss Ratings restated a “sell (d)” rating on shares of Vishay Intertechnology in a research report on Wednesday, January 21st. Zacks Research upgraded shares of Vishay Intertechnology from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Argus raised shares of Vishay Intertechnology to a “strong-buy” rating in a research report on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Vishay Intertechnology presently has an average rating of “Moderate Buy” and an average price target of $24.00.

Read Our Latest Research Report on Vishay Intertechnology

Vishay Intertechnology Stock Down 1.8%

Shares of NYSE VSH opened at $37.31 on Thursday. The firm’s 50-day moving average price is $23.43 and its 200-day moving average price is $18.94. The company has a current ratio of 2.64, a quick ratio of 1.57 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 3,731.20 and a beta of 1.53. Vishay Intertechnology has a 12-month low of $11.77 and a 12-month high of $40.07.

Vishay Intertechnology (NYSE:VSHGet Free Report) last announced its earnings results on Wednesday, May 13th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The firm had revenue of $839.24 million for the quarter, compared to analysts’ expectations of $823.54 million. Vishay Intertechnology had a net margin of 0.07% and a return on equity of 0.22%. The business’s revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.03) EPS. On average, equities research analysts anticipate that Vishay Intertechnology will post 0.54 EPS for the current fiscal year.

Institutional Trading of Vishay Intertechnology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in Vishay Intertechnology by 355.0% in the 4th quarter. SG Americas Securities LLC now owns 149,461 shares of the semiconductor company’s stock worth $2,166,000 after purchasing an additional 116,609 shares during the period. Bernzott Capital Advisors raised its position in Vishay Intertechnology by 12.9% in the 4th quarter. Bernzott Capital Advisors now owns 549,780 shares of the semiconductor company’s stock worth $7,966,000 after purchasing an additional 62,753 shares during the period. Tudor Investment Corp ET AL purchased a new stake in Vishay Intertechnology in the 3rd quarter worth about $12,306,000. Y Intercept Hong Kong Ltd purchased a new stake in Vishay Intertechnology in the 3rd quarter worth about $1,911,000. Finally, GSA Capital Partners LLP bought a new position in Vishay Intertechnology in the 3rd quarter worth about $2,006,000. 93.66% of the stock is owned by hedge funds and other institutional investors.

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About Vishay Intertechnology

(Get Free Report)

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.

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