Vishay Intertechnology Inc. (VSH) Hits New 52-Week High at $13.69
Shares of Vishay Intertechnology Inc. (NYSE:VSH) hit a new 52-week high during trading on Monday . The stock traded as high as $13.69 and last traded at $13.60, with a volume of 341,090 shares trading hands. The stock had previously closed at $13.50.
Separately, Zacks Investment Research upgraded Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a research note on Friday, May 6th.
The stock has a 50-day moving average price of $12.72 and a 200-day moving average price of $12.20. The stock’s market cap is $1.99 billion.
Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The firm earned $590 million during the quarter, compared to analysts’ expectations of $586.45 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Analysts predict that Vishay Intertechnology Inc. will post $0.88 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in the stock. Liberty Mutual Group Asset Management Inc. raised its stake in shares of Vishay Intertechnology by 46.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 84,321 shares of the company’s stock worth $1,016,000 after buying an additional 26,741 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Vishay Intertechnology by 1.8% in the fourth quarter. California Public Employees Retirement System now owns 520,400 shares of the company’s stock worth $6,271,000 after buying an additional 9,100 shares during the period. Victory Capital Management Inc. increased its position in shares of Vishay Intertechnology by 8.5% in the fourth quarter. Victory Capital Management Inc. now owns 2,026,595 shares of the company’s stock worth $24,420,000 after buying an additional 158,072 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Vishay Intertechnology by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,459,274 shares of the company’s stock worth $138,086,000 after buying an additional 127,135 shares during the period.
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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