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

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

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

Vishay Intertechnology Stock Down 1.8 %

VSH stock opened at $16.04 on Monday. The stock has a market capitalization of $2.19 billion, a P/E ratio of 25.87 and a beta of 1.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 1.85. Vishay Intertechnology has a 1-year low of $15.98 and a 1-year high of $24.72. The business has a fifty day moving average price of $17.92 and a 200-day moving average price of $20.79.

Vishay Intertechnology (NYSE:VSH) last posted its 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 company had revenue of $735.35 million for the quarter, compared to the consensus estimate of $748.84 million. During the same quarter in the prior year, the company posted $0.60 EPS. Vishay Intertechnology’s revenue was down 13.9% on a year-over-year basis. Equities analysts forecast that Vishay Intertechnology will post 0.55 earnings per share for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Tuesday, December 3rd. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 64.52%.

Institutional Trading of Vishay Intertechnology

Large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its stake in shares of Vishay Intertechnology by 403.6% during the 1st quarter. Russell Investments Group Ltd. now owns 346,017 shares of the semiconductor company’s stock worth $7,848,000 after acquiring an additional 277,311 shares during the last quarter. M&G Plc purchased a new position in shares of Vishay Intertechnology during the 1st quarter valued at $6,016,000. Janus Henderson Group PLC increased its stake in Vishay Intertechnology by 53.7% in the 1st quarter. Janus Henderson Group PLC now owns 747,269 shares of the semiconductor company’s stock worth $16,947,000 after buying an additional 261,175 shares in the last quarter. Poplar Forest Capital LLC bought a new stake in Vishay Intertechnology during the second quarter valued at about $21,160,000. Finally, Invenomic Capital Management LP purchased a new position in shares of Vishay Intertechnology in the first quarter valued at about $3,053,000. 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.