Vishay Intertechnology (NYSE:VSH) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Vishay Intertechnology (NYSE:VSH) from a sell rating to a hold rating in a research note published on Thursday morning.

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

Vishay Intertechnology Stock Performance

Shares of VSH stock opened at $17.16 on Thursday. Vishay Intertechnology has a 52 week low of $14.95 and a 52 week high of $24.68. The firm has a 50 day moving average of $17.24 and a 200-day moving average of $17.84. The company has a quick ratio of 1.73, a current ratio of 2.70 and a debt-to-equity ratio of 0.45. The company has a market cap of $2.33 billion, a price-to-earnings ratio of -71.48 and a beta of 1.12.

Vishay Intertechnology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Thursday, March 13th. Vishay Intertechnology’s dividend payout ratio is currently -166.67%.

Insider Buying and Selling

In other Vishay Intertechnology news, Chairman Marc Zandman sold 20,359 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $16.71, for a total transaction of $340,198.89. Following the transaction, the chairman now directly owns 32,957 shares in the company, valued at approximately $550,711.47. This trade represents a 38.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vishay Intertechnology

Large investors have recently bought and sold shares of the stock. Wealthfront Advisers LLC bought a new position in Vishay Intertechnology during the 4th quarter valued at $38,000. Blue Trust Inc. lifted its stake in Vishay Intertechnology by 275.9% during the 4th quarter. Blue Trust Inc. now owns 2,710 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 1,989 shares in the last quarter. Sterling Capital Management LLC lifted its stake in Vishay Intertechnology by 819.2% during the 4th quarter. Sterling Capital Management LLC now owns 3,980 shares of the semiconductor company’s stock valued at $67,000 after acquiring an additional 3,547 shares in the last quarter. IFP Advisors Inc raised 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 worth $74,000 after purchasing an additional 3,406 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Vishay Intertechnology during the 3rd quarter worth $101,000. 93.66% of the stock is currently owned by 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.