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

Vishay Intertechnology (NYSE:VSH) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

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

Vishay Intertechnology Price Performance

NYSE VSH traded up $0.37 on Tuesday, reaching $16.63. 1,756,182 shares of the company’s stock traded hands, compared to its average volume of 1,560,452. The stock has a market cap of $2.26 billion, a PE ratio of 26.81 and a beta of 1.13. Vishay Intertechnology has a 12 month low of $14.95 and a 12 month high of $24.68. The stock has a 50-day simple moving average of $17.30 and a 200 day simple moving average of $18.37. 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 released its earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.06). The business 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 in the prior year, the business posted $0.60 EPS. As a group, research analysts predict that Vishay Intertechnology will post 0.56 earnings per share for the current year.

Insider Buying and Selling at Vishay Intertechnology

In other Vishay Intertechnology news, Chairman Marc Zandman sold 20,359 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $16.71, for a total value of $340,198.89. Following the completion of the sale, the chairman now owns 32,957 shares in the company, valued at approximately $550,711.47. This trade represents a 38.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.14% of the company’s stock.

Hedge Funds Weigh In On Vishay Intertechnology

Hedge funds have recently made changes to their positions in the business. Matrix Trust Co purchased a new stake in Vishay Intertechnology in the third quarter worth $25,000. Blue Trust Inc. lifted its position in shares of Vishay Intertechnology by 275.9% in the 4th quarter. Blue Trust Inc. now owns 2,710 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 1,989 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Vishay Intertechnology by 11,136.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,135 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 2,116 shares during the period. IFP Advisors Inc boosted its stake in shares of Vishay Intertechnology by 351.1% during the 4th quarter. IFP Advisors Inc now owns 4,376 shares of the semiconductor company’s stock valued at $74,000 after purchasing an additional 3,406 shares in the last quarter. Finally, Adirondack Trust Co. increased its position in shares of Vishay Intertechnology by 71.4% during the third quarter. Adirondack Trust Co. now owns 4,800 shares of the semiconductor company’s stock valued at $91,000 after buying an additional 2,000 shares during the period. 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.