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

StockNews.com cut shares of Vishay Intertechnology (NYSE:VSH) from a hold rating to a sell rating in a research report released on Monday.

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

Vishay Intertechnology Trading Down 3.0 %

NYSE:VSH opened at $17.36 on Monday. The company has a market cap of $2.37 billion, a P/E ratio of 28.00 and a beta of 1.09. Vishay Intertechnology has a twelve month low of $16.65 and a twelve month high of $24.72. The business has a 50 day moving average price of $18.07 and a two-hundred day moving average price of $20.89. The company has a quick ratio of 1.98, a current ratio of 2.81 and a debt-to-equity ratio of 0.38.

Vishay Intertechnology (NYSE:VSH) last released its earnings results 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 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 period last year, the business posted $0.60 EPS. The firm’s revenue for the quarter was down 13.9% on a year-over-year basis. As a group, analysts expect that Vishay Intertechnology will post 0.55 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VSH. Deprince Race & Zollo Inc. raised its stake in Vishay Intertechnology by 94.0% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 3,129,207 shares of the semiconductor company’s stock valued at $69,781,000 after acquiring an additional 1,516,368 shares during the period. Poplar Forest Capital LLC acquired a new stake in shares of Vishay Intertechnology during the 2nd quarter worth about $21,160,000. Vanguard Group Inc. lifted its stake in shares of Vishay Intertechnology by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 14,919,132 shares of the semiconductor company’s stock worth $338,366,000 after buying an additional 714,275 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Vishay Intertechnology by 12.7% during the 2nd quarter. American Century Companies Inc. now owns 3,109,768 shares of the semiconductor company’s stock worth $69,348,000 after buying an additional 350,512 shares during the period. Finally, Bernzott Capital Advisors acquired a new position in Vishay Intertechnology in the 3rd quarter valued at about $5,378,000. 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.