Vishay Intertechnology (NYSE:VSH) Rating Lowered to “Sell” at StockNews.com

Vishay Intertechnology (NYSE:VSH) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Separately, TD Cowen lowered their target price on shares of Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th.

Vishay Intertechnology Price Performance

Vishay Intertechnology stock traded up $0.79 during trading hours on Wednesday, hitting $18.98. 7,169,408 shares of the company traded hands, compared to its average volume of 1,304,606. The firm has a market cap of $2.58 billion, a P/E ratio of 30.60 and a beta of 1.09. The company has a quick ratio of 1.85, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. The firm’s 50-day simple moving average is $17.57 and its two-hundred day simple moving average is $20.37. Vishay Intertechnology has a 1-year low of $14.95 and a 1-year high of $24.72.

Vishay Intertechnology (NYSE:VSH) last released its earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.06). The company had revenue of $735.35 million for the quarter, compared to analyst estimates of $748.84 million. Vishay Intertechnology had a net margin of 2.88% and a return on equity of 5.35%. The firm’s quarterly revenue was down 13.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 EPS. As a group, analysts forecast that Vishay Intertechnology will post 0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Mountaineer Partners Management LLC increased its position in shares of Vishay Intertechnology by 924.9% in the third quarter. Mountaineer Partners Management LLC now owns 20,844,077 shares of the semiconductor company’s stock worth $394,161,000 after acquiring an additional 18,810,325 shares in the last quarter. Deprince Race & Zollo Inc. increased its position in shares of Vishay Intertechnology by 94.0% in the second quarter. Deprince Race & Zollo Inc. now owns 3,129,207 shares of the semiconductor company’s stock worth $69,781,000 after acquiring an additional 1,516,368 shares in the last quarter. American Century Companies Inc. increased its position in shares of Vishay Intertechnology by 12.7% in the second quarter. American Century Companies Inc. now owns 3,109,768 shares of the semiconductor company’s stock worth $69,348,000 after acquiring an additional 350,512 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Vishay Intertechnology by 2.5% in the third quarter. Fisher Asset Management LLC now owns 2,673,088 shares of the semiconductor company’s stock worth $50,548,000 after acquiring an additional 66,268 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Vishay Intertechnology by 1.2% in the third quarter. Principal Financial Group Inc. now owns 2,573,745 shares of the semiconductor company’s stock worth $48,669,000 after acquiring an additional 30,515 shares in the last quarter. 93.66% of the stock is owned by hedge funds and other institutional investors.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.