FPA Queens Road Small Cap Value Fund is Cautiously Optimistic on Vishay Intertechnology’s (VSH) Growth Plans

Investment management company First Pacific Advisors recently released its “FPA Queens Road Small Cap Value Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the third quarter, the fund returned 7.46% compared to a 12.60% return for the Russell 2000 Value Index. In the first three quarters of 2025, the Fund returned 13.77%, compared to 9.04% for the index. As the firm’s focus is on a diligent, disciplined, and patient process, it expects the fund to outperform in down markets and trail in speculative markets. Additionally, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its third-quarter 2025 investor letter, the FPA Queens Road Small Cap Value Fund highlighted stocks such as Vishay Intertechnology, Inc. (NYSE:VSH). Vishay Intertechnology, Inc. (NYSE:VSH) manufactures and sells discrete semiconductors and passive electronic components. The one-month return of Vishay Intertechnology, Inc. (NYSE:VSH) was -27.85%, and its shares lost 26.97% of their value over the last 52 weeks. On November 21, 2025, Vishay Intertechnology, Inc. (NYSE:VSH) stock closed at $12.51 per share with a market capitalization of $1.696 billion.

FPA Queens Road Small Cap Value Fund stated the following regarding Vishay Intertechnology, Inc. (NYSE:VSH) in its third quarter 2025 investor letter:

“Vishay Intertechnology, Inc. (NYSE:VSH) makes passive electronic components and discrete semiconductors (resistors, inductors, capacitors, MOSFETs, diodes, etc.). Although its industry is cyclical, competitive dynamics are stable and VSH benefits from incremental growth in electric vehicles and industrial electrification. The industry is currently emerging from a cyclical downturn following the excesses and component hoarding o following its April 2024 Investor Day, Vishay has been aggressively investing in sales, corporate, and manufacturing capacity. Vishay is also strategically changing a company culture that was notably staid and overly-conservative. We are cautiously optimistic about Vishay’s growth plans and have been adding to the position during this cyclical weakness.”

Is Vishay Intertechnology Inc. (VSH) the Most Oversold Semiconductor Stock in 2024?

Vishay Intertechnology, Inc. (NYSE:VSH) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 23 hedge fund portfolios held Vishay Intertechnology, Inc. (NYSE:VSH) at the end of the second quarter, compared to 29 in the previous quarter. In the third quarter of 2025, Vishay Intertechnology, Inc.’s (NYSE:VSH) revenue grew sequentially 4% to $791 million, which was 2% above the midpoint of expectation. While we acknowledge the risk and potential of Vishay Intertechnology, Inc. (NYSE:VSH) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Vishay Intertechnology, Inc. (NYSE:VSH) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Vishay Intertechnology, Inc. (NYSE:VSH) and shared the list of cheap semiconductor stocks to buy according to hedge funds. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.