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Wednesday, October 21, 2020

Vishay Intertechnology Inc. (NYSE:VSH) Stock is Soaring, Here is Why

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Vishay Intertechnology Inc. (VSH) shares are trading at higher $17.27 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $17.00.

To add more color to this target, the company’s high over the last year is $23.25 and the low is $11.23. Over the last 52 weeks, VSH is up 2.43% while the S&P 500 is up 18.10%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, VSH reported a profit of $130.67 million. Vishay Intertechnology Inc. also saw revenues increase to $581.72 million. In addition, VSH has free cash flow of $76.08 million as of 06-2020. The company’s EBITDA came in at $84.93 million which compares well with its peers.

VSH booked profit margins of 3.90%, its Return on Equity (ROE) is 6.50%, and its Return on Assets is 3.10%. All told, it is clear that, VSH needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. VSH has a short ratio of 4.17 and outstanding shares of 144.85M.

Company Outlook

VSH has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 0.60. Vishay Intertechnology Inc. VSH also noted assets of $3.02 billion at the end of the last quarter. Investors should also keep an eye on sector updates as VSH has historically followed its peers on positive news.

All told, Vishay Intertechnology Inc. VSH has strung together solid data and demonstrated underlying fundamentals. At its current valuation, VSH represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Vishay Intertechnology Inc. VSH is now commanding a market cap of 2.53B and a float of 143.64M. VSH is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of VSH stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in VSH, either long or short, and we have not been compensated for this article.

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