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 released on Wednesday.

Separately, TD Cowen decreased their target price on 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 Performance

Shares of Vishay Intertechnology stock opened at $18.98 on Wednesday. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 30.60 and a beta of 1.09. The firm’s 50-day moving average is $17.57 and its 200 day moving average is $20.37. Vishay Intertechnology has a 1 year low of $14.95 and a 1 year high of $24.72. 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 (NYSE:VSH) last issued 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 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 firm posted $0.60 EPS. Vishay Intertechnology’s quarterly revenue was down 13.9% compared to the same quarter last year. Sell-side analysts anticipate that Vishay Intertechnology will post 0.55 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

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 issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Tuesday, December 3rd. Vishay Intertechnology’s dividend payout ratio is 64.52%.

Institutional Investors Weigh In On Vishay Intertechnology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VSH. Price T Rowe Associates Inc. MD increased its holdings in Vishay Intertechnology by 6.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 80,653 shares of the semiconductor company’s stock worth $1,830,000 after acquiring an additional 4,614 shares in the last quarter. Janus Henderson Group PLC increased its holdings 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 acquiring an additional 261,175 shares in the last quarter. Tidal Investments LLC increased its holdings in Vishay Intertechnology by 118.2% in the 1st quarter. Tidal Investments LLC now owns 30,247 shares of the semiconductor company’s stock worth $686,000 after acquiring an additional 16,385 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Vishay Intertechnology by 173.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,367 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 868 shares in the last quarter. Finally, Cascade Investment Advisors Inc. increased its holdings in Vishay Intertechnology by 4.7% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 59,150 shares of the semiconductor company’s stock worth $1,319,000 after acquiring an additional 2,650 shares in the last quarter. 93.66% of the stock is owned by hedge funds and other 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.