Vishay Intertechnology (NYSE:VSH) Downgraded by StockNews.com to Sell

StockNews.com lowered shares of Vishay Intertechnology (NYSE:VSH) from a hold rating to a sell rating in a research note released on Tuesday morning.

Separately, JPMorgan Chase & Co. initiated coverage on Vishay Intertechnology in a research note on Monday, December 16th. They issued a “neutral” rating and a $19.00 price target on the stock.

Vishay Intertechnology Trading Down 3.9 %

Shares of VSH opened at $17.56 on Tuesday. Vishay Intertechnology has a 52-week low of $14.95 and a 52-week high of $24.68. The business’s fifty day moving average is $17.26 and its 200-day moving average is $18.36. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.85 and a current ratio of 2.81. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 28.32 and a beta of 1.13.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06). Vishay Intertechnology had a net margin of 2.88% and a return on equity of 5.35%. The business had revenue of $735.35 million during the quarter, compared to the consensus estimate of $748.84 million. During the same quarter in the previous year, the business posted $0.60 EPS. The company’s revenue for the quarter was down 13.9% on a year-over-year basis. Equities analysts anticipate that Vishay Intertechnology will post 0.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Marc Zandman sold 20,359 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $16.71, for a total transaction of $340,198.89. Following the sale, the chairman now owns 32,957 shares in the company, valued at $550,711.47. The trade was a 38.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vishay Intertechnology

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Atria Investments Inc grew its position in Vishay Intertechnology by 3.2% during the 4th quarter. Atria Investments Inc now owns 18,790 shares of the semiconductor company’s stock worth $318,000 after acquiring an additional 590 shares during the last quarter. Somerset Trust Co grew its position in shares of Vishay Intertechnology by 10.4% in the 4th quarter. Somerset Trust Co now owns 12,253 shares of the semiconductor company’s stock valued at $208,000 after buying an additional 1,152 shares during the last quarter. Matrix Trust Co bought a new stake in shares of Vishay Intertechnology in the 3rd quarter valued at about $25,000. Inspire Investing LLC grew its position in shares of Vishay Intertechnology by 8.7% in the 4th quarter. Inspire Investing LLC now owns 23,658 shares of the semiconductor company’s stock valued at $401,000 after buying an additional 1,898 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Vishay Intertechnology by 275.9% in the 4th quarter. Blue Trust Inc. now owns 2,710 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 1,989 shares during the last quarter. Institutional investors own 93.66% of the company’s stock.

About Vishay Intertechnology

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.