Vishay Intertechnology Inc. (VSH) Shares Down 2.9%
Vishay Intertechnology Inc. (NYSE:VSH)’s share price fell 2.9% during trading on Tuesday . The company traded as low as $13.55 and last traded at $13.55, with a volume of 668,668 shares. The stock had previously closed at $13.96.
A number of brokerages have commented on VSH. Zacks Investment Research upgraded shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $15.00 price objective on the stock in a report on Thursday, August 4th. Argus reiterated a “buy” rating on shares of Vishay Intertechnology in a report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Vishay Intertechnology presently has a consensus rating of “Hold” and an average price target of $11.83.
The company’s market cap is $1.97 billion. The stock’s 50 day moving average price is $12.88 and its 200 day moving average price is $12.38.
Vishay Intertechnology (NYSE:VSH) last released its earnings results on Tuesday, August 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. During the same quarter in the previous year, the company earned $0.20 EPS. The company earned $590 million during the quarter, compared to analysts’ expectations of $586.45 million. The firm’s quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts forecast that Vishay Intertechnology Inc. will post $0.88 earnings per share for the current year.
A number of large investors recently added to or reduced their stakes in the company. Liberty Mutual Group Asset Management Inc. increased its stake in 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. Calvert Investment Management Inc. acquired a new position in shares of Vishay Intertechnology during the fourth quarter valued at approximately $1,307,000. Finally, Victory Capital Management Inc. raised 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 valued at $24,420,000 after buying an additional 158,072 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.