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 research note issued to investors on Monday.

Separately, TD Cowen lowered their price objective 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 Down 2.0 %

NYSE VSH opened at $16.33 on Monday. The business’s fifty day simple moving average is $17.97 and its 200-day simple moving average is $20.82. The company has a quick ratio of 1.85, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. The firm has a market cap of $2.23 billion, a PE ratio of 26.34 and a beta of 1.09. Vishay Intertechnology has a 52 week low of $16.30 and a 52 week high of $24.72.

Vishay Intertechnology (NYSE:VSH) last issued its earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 EPS 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 firm had revenue of $735.35 million for the quarter, compared to analysts’ expectations of $748.84 million. During the same period last year, the firm earned $0.60 earnings per share. Vishay Intertechnology’s revenue for the quarter was down 13.9% on a year-over-year basis. As a group, equities analysts anticipate that Vishay Intertechnology will post 0.55 earnings per share for the current year.

Vishay Intertechnology Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Tuesday, December 3rd. Vishay Intertechnology’s dividend payout ratio (DPR) is 64.52%.

Hedge Funds Weigh In On Vishay Intertechnology

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Vishay Intertechnology by 5.0% in the first quarter. Vanguard Group Inc. now owns 14,919,132 shares of the semiconductor company’s stock valued at $338,366,000 after purchasing an additional 714,275 shares during the period. Deprince Race & Zollo Inc. lifted its stake in Vishay Intertechnology by 94.0% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 3,129,207 shares of the semiconductor company’s stock worth $69,781,000 after acquiring an additional 1,516,368 shares in the last quarter. American Century Companies Inc. lifted its stake in 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 acquiring an additional 350,512 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Vishay Intertechnology by 2.5% during 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 during the period. Finally, Principal Financial Group Inc. grew its position in Vishay Intertechnology by 1.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,573,745 shares of the semiconductor company’s stock valued at $48,669,000 after acquiring an additional 30,515 shares in the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.

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.