#3: Vishay Intertechnology
Vishay Intertechnology (VSH) is a small semiconductor company that’s in favor with hedge funds right now and has nicely outperformed the market in 2013.
In this post-PC age, there’s a lot of focus on how many of the old chipmakers are doomed … but that simply hasn’t been the case for the past few months as the market has seen resilience in many semiconductor stocks. After all, people buy a host of electronics every year beyond smartphones and tablets, and their components have to come from somewhere.
Vishay admittedly has been suffering from top-line pressures in the past few years, but profits are forecast to grow a modest 16% this fiscal year and then a nice 27% in fiscal 2014.