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

Vishay Intertechnology (NYSE:VSH) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.

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

Vishay Intertechnology Price Performance

Vishay Intertechnology stock opened at $16.67 on Monday. Vishay Intertechnology has a 12-month low of $16.65 and a 12-month high of $24.72. The stock has a market cap of $2.28 billion, a P/E ratio of 26.89 and a beta of 1.09. The company has a 50-day moving average price of $18.03 and a 200 day moving average price of $20.85. The company has a current ratio of 2.81, a quick ratio of 1.98 and a debt-to-equity ratio of 0.38.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings data 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). The company had revenue of $735.35 million during the quarter, compared to analysts’ expectations of $748.84 million. Vishay Intertechnology had a net margin of 2.88% and a return on equity of 5.35%. The business’s quarterly revenue was down 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS. Sell-side analysts anticipate that Vishay Intertechnology will post 0.55 earnings per share for the current year.

Institutional Trading of Vishay Intertechnology

Several institutional investors have recently added to or reduced their stakes in the business. Texas Permanent School Fund Corp boosted its position in shares of Vishay Intertechnology by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 110,483 shares of the semiconductor company’s stock worth $2,506,000 after buying an additional 1,430 shares during the period. Headlands Technologies LLC boosted its stake in Vishay Intertechnology by 95.7% during the 1st quarter. Headlands Technologies LLC now owns 1,583 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 774 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Vishay Intertechnology by 403.6% in the 1st quarter. Russell Investments Group Ltd. now owns 346,017 shares of the semiconductor company’s stock valued at $7,848,000 after acquiring an additional 277,311 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Vishay Intertechnology by 31.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 129,201 shares of the semiconductor company’s stock valued at $2,923,000 after buying an additional 31,115 shares during the last quarter. Finally, Foundry Partners LLC increased its stake in shares of Vishay Intertechnology by 12.8% during the 1st quarter. Foundry Partners LLC now owns 362,370 shares of the semiconductor company’s stock worth $8,219,000 after purchasing an additional 41,228 shares during the last quarter. Institutional investors own 93.66% of the company’s stock.

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.