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

Vishay Intertechnology (NYSE:VSH) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

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

Vishay Intertechnology Stock Performance

Shares of VSH stock traded up $0.37 during trading hours on Tuesday, hitting $16.63. 1,756,182 shares of the company were exchanged, compared to its average volume of 1,560,452. The company has a current ratio of 2.81, a quick ratio of 1.85 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 26.81 and a beta of 1.13. The firm has a fifty day simple moving average of $17.30 and a 200 day simple moving average of $18.37. Vishay Intertechnology has a 52-week low of $14.95 and a 52-week high of $24.68.

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

Insider Activity at Vishay Intertechnology

In related news, Chairman Marc Zandman sold 20,359 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $16.71, for a total transaction of $340,198.89. Following the completion of the transaction, the chairman now owns 32,957 shares of the company’s stock, valued at approximately $550,711.47. The trade was a 38.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VSH. Mountaineer Partners Management LLC raised 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 buying an additional 18,810,325 shares in the last quarter. Principal Financial Group Inc. increased its stake in Vishay Intertechnology by 4.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,691,437 shares of the semiconductor company’s stock worth $45,593,000 after acquiring an additional 117,692 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Vishay Intertechnology by 2.5% in the 3rd quarter. Fisher Asset Management LLC now owns 2,673,088 shares of the semiconductor company’s stock valued at $50,548,000 after acquiring an additional 66,268 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Vishay Intertechnology by 17.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,709,994 shares of the semiconductor company’s stock valued at $32,336,000 after acquiring an additional 248,741 shares during the last quarter. Finally, Systematic Financial Management LP grew its holdings in shares of Vishay Intertechnology by 15.1% during the third quarter. Systematic Financial Management LP now owns 1,388,337 shares of the semiconductor company’s stock worth $26,253,000 after purchasing an additional 182,212 shares in the last quarter. 93.66% of the stock is owned by institutional investors.

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.