5 Best Low Cost Tech Stocks to Buy Right Now

3. Vishay Intertechnology, Inc. (NYSE:VSH)

Number of Hedge Fund Holders: 28

Share Price (as of January 4): $22.33

Vishay Intertechnology, Inc. (NYSE:VSH) is a US-based company that manufactures discrete semiconductors and passive components. Sale figures for FY2021 stood at $3.23 billion, which is an increase of 29.15% year on year. The firm’s EPS of $0.63 for the third quarter slightly missed consensus estimates by $0.02. Earnings have continued to increase even amidst supply chain pressure, and there are reasons to believe growth could further accelerate.

In December, Vishay Intertechnology, Inc. (NYSE:VSH) signed an agreement to acquire privately-held Barry Industries for $21 million. This acquisition will expand Vishay Intertechnology, Inc.’s (NYSE:VSH) expertise in the high frequency and high power resistor technologies. The deal is expected to close by end of 2021.

Vishay Intertechnology, Inc. (NYSE:VSH) is poised to benefit tremendously from the spurt in 5G technology and electric vehicles (EV), with the company shares having risen 3.32% in the last 12 months alone. 28 hedge funds were long Vishay Intertechnology, Inc.’s (NYSE:VSH) at the end of the third quarter, holding a combined value of $437 million.