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

StockNews.com downgraded shares of Vishay Intertechnology (NYSE:VSH) from a hold rating to a sell rating in a research note published on Wednesday.

Separately, JPMorgan Chase & Co. initiated coverage on shares of Vishay Intertechnology in a research note on Monday. They set a “neutral” rating and a $19.00 price objective on the stock.

Vishay Intertechnology Trading Down 0.7 %

Shares of NYSE VSH opened at $17.38 on Wednesday. Vishay Intertechnology has a twelve month low of $14.95 and a twelve month high of $24.68. 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 business has a fifty day simple moving average of $17.56 and a two-hundred day simple moving average of $19.80. The firm has a market cap of $2.36 billion, a PE ratio of 28.03 and a beta of 1.12.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). Vishay Intertechnology had a return on equity of 5.35% and a net margin of 2.88%. The business had revenue of $735.35 million during the quarter, compared to analysts’ expectations of $748.84 million. During the same period last year, the company earned $0.60 earnings per share. The firm’s revenue was down 13.9% compared to the same quarter last year. Analysts expect that Vishay Intertechnology will post 0.55 earnings per share for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd were paid a $0.10 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $0.40 annualized dividend and a yield of 2.30%. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 64.52%.

Hedge Funds Weigh In On Vishay Intertechnology

Large investors have recently added to or reduced their stakes in the company. Everhart Financial Group Inc. raised its stake in shares of Vishay Intertechnology by 18.4% during the 2nd quarter. Everhart Financial Group Inc. now owns 13,757 shares of the semiconductor company’s stock worth $307,000 after acquiring an additional 2,140 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Vishay Intertechnology by 11.8% during the second quarter. Bank of New York Mellon Corp now owns 1,647,693 shares of the semiconductor company’s stock worth $36,744,000 after purchasing an additional 174,149 shares in the last quarter. Legato Capital Management LLC lifted its holdings in shares of Vishay Intertechnology by 30.7% during the 2nd quarter. Legato Capital Management LLC now owns 23,651 shares of the semiconductor company’s stock valued at $527,000 after purchasing an additional 5,560 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Vishay Intertechnology in the 2nd quarter worth $111,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Vishay Intertechnology during the 2nd quarter worth $542,000. 93.66% of the stock is currently owned by 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.