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Are Analysts Too Bullish On Vishay Intertechnology Inc. (VSH)

Katie Ford by Katie Ford
May 26, 2023
in Technology and Energy
0

Vishay Intertechnology Inc. (NYSE:VSH) currently has a daily average trading volume of 997.92K but it saw 999520 shares traded on Thursday. With a market cap of 3.63B USD, stock’s current market price of $25.97 came rising about 3.26 while comparing to the previous closing price of $25.15. In past 52 weeks, the stock remained buoying in the range of price level as high as $25.71 and as low as $16.73. In the recent trading on the day, stock has struck highest price mark of $26.095 while lowest mark touched by it was $25.20.

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Taking a look at 20-day trading activity of Vishay Intertechnology Inc. (VSH) gives us an average price of $23.49, while its current price level is 1.01% below from 52-week high level whereas it is 55.28% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $22.34 while that of 200 days or SMA-200 reads an average of $21.37. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.28% during that period while stretching the period over a month that increases to 2.66%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 75.45 which implies that the stock is in overbought territory.

Vishay Intertechnology Inc. (VSH)’s stock is currently under the radar of 5 analysts who are in consensus at a 12-month price target range of between $19.00 and $28.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $19.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $28.00. Average price target assigned by them is $24.33 which highlights a downside potential of -6.74% for the stock over that period. And to attain the median price target of $26.00 assigned by those analysts, stock has to add about 0.12% of value to its current levels.

Data by FactSet Research shows that 5 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 2 analysts suggested the investors to Buy the stock while 2 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.

Over the week, VSH’s stock price is moving 2.28% up while it is 24.44% when we observe its performance for the past one month. Year-to-date it is 20.40% up and over the past year, the stock is showing an upside performance of 33.04%.

The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.79 beat the consensus estimate of $0.55 for the same. The company is expected to be releasing its next quarterly report in 08/08/2023, for which analysts forecasted an EPS of $0.63 while estimate for next year EPS is $2.62. For VSH, analysts are forecasting an EPS-growth rate of -17.10% for current year and estimate for EPS growth in next year is -4.20%. In next quarter, company is expected to be making quarterly sales of $883.72 million as analysts are expecting the sales for current fiscal year at $3.5 billion and seeing the company making $3.56 billion in sales next year. Moreover, analysts are in estimates of $879.69 million for current-quarter revenue.

Currently, Vishay Intertechnology Inc.’s total number of outstanding shares is 140.64M with 0.64% of that held by the insiders while 95.96% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 17.80% and return on equity (ROE) at 22.10%. It has a price to earnings ratio (P/E ratio) of 8.49 while having a 10.34 of forward P/E ratio. Stock’s beta reads 1.27. Stock has a price to book (P/B) ratio of 1.70 while price to sale or P/S ratio amounts to 1.03. Its return on asset (ROA) is 11.60% on average.

A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Mid Cap ETF came shrinking its share ownership by 0.47% in the Vishay Intertechnology Inc. (VSH) increasing its stake to 3.12% with control over 18936.0 shares in the company. As per SEC documents, iShares Core S&P Mid Cap ETF sought 4,043,203 of company’s common stock of worth $86.08 million as per recent closing price of the stock. iShares Core S&P Mid Cap ETF is not the only institutional holder which restructured its stake in Vishay Intertechnology Inc., as Vanguard Total Stock Market ETF picked 3,984,005 shares of worth $84.82 million to bring its holdings to a total of 37719.0 shares. In the most recent quarter, Vanguard Small Cap Index Fund came cutting its stake by -0.02% in the company and now holds 3.36 million or 2.59% of the company’s stake having worth of about 71.51 million.

Tags: NYSE:VSHVishay Intertechnology Inc.VSHVSH stock
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