Vishay Intertechnology (NYSE:VSH) Shares Up 7.6% – Should You Buy?

Vishay Intertechnology, Inc. (NYSE:VSH)’s share price shot up 7.6% on Wednesday . The stock traded as high as $17.81 and last traded at $17.91. 1,606,902 shares traded hands during mid-day trading, an increase of 4% from the average session volume of 1,539,271 shares. The stock had previously closed at $16.64.

Analysts Set New Price Targets

VSH has been the topic of a number of research analyst reports. StockNews.com lowered shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a report on Tuesday. JPMorgan Chase & Co. started coverage on Vishay Intertechnology in a research note on Monday, December 16th. They issued a “neutral” rating and a $19.00 price target on the stock.

Vishay Intertechnology Stock Down 2.4 %

The stock’s fifty day moving average price is $17.22 and its 200-day moving average price is $18.31. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 27.69 and a beta of 1.12. The company has a quick ratio of 1.85, a current ratio of 2.81 and a debt-to-equity ratio of 0.38.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06). The business had revenue of $735.35 million during the quarter, compared to analyst estimates of $748.84 million. Vishay Intertechnology had a net margin of 2.88% and a return on equity of 5.35%. The firm’s quarterly revenue was down 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. On average, sell-side analysts predict that Vishay Intertechnology, Inc. will post 0.56 earnings per share for the current fiscal year.

Insider Activity at Vishay Intertechnology

In related news, Chairman Marc Zandman sold 20,359 shares of Vishay Intertechnology stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $16.71, for a total transaction of $340,198.89. Following the completion of the transaction, the chairman now owns 32,957 shares in the company, valued at approximately $550,711.47. This trade represents a 38.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.14% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Matrix Trust Co acquired a new stake in Vishay Intertechnology during the third quarter worth approximately $25,000. Wealthfront Advisers LLC acquired a new stake in Vishay Intertechnology during the 4th quarter worth approximately $38,000. Blue Trust Inc. boosted its stake in Vishay Intertechnology by 275.9% in the 4th quarter. Blue Trust Inc. now owns 2,710 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 1,989 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Vishay Intertechnology by 11,136.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,135 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 2,116 shares in the last quarter. Finally, IFP Advisors Inc increased its position in Vishay Intertechnology by 351.1% during the 4th quarter. IFP Advisors Inc now owns 4,376 shares of the semiconductor company’s stock worth $74,000 after buying an additional 3,406 shares during the period. 93.66% of the stock is currently owned by institutional investors.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.