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

Vishay Intertechnology (NYSE:VSH - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Wednesday.

Separately, JPMorgan Chase & Co. assumed coverage on Vishay Intertechnology in a research report on Monday. They issued a "neutral" rating and a $19.00 target price on the stock.

Vishay Intertechnology Stock Down 0.7 %

Shares of VSH stock traded down $0.13 on Wednesday, hitting $17.38. The stock had a trading volume of 2,759,448 shares, compared to its average volume of 1,355,261. The stock's 50 day moving average is $17.56 and its 200-day moving average is $19.80. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 28.03 and a beta of 1.12. Vishay Intertechnology has a 52-week low of $14.95 and a 52-week high of $24.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.85 and a current ratio of 2.81.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last posted its quarterly earnings data 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 net margin of 2.88% and a return on equity of 5.35%. The firm had revenue of $735.35 million during the quarter, compared to analysts' expectations of $748.84 million. During the same period in the previous year, the company earned $0.60 earnings per share. The business's quarterly revenue was down 13.9% on a year-over-year basis. As a group, research analysts expect that Vishay Intertechnology will post 0.55 earnings per share for the current year.

Institutional Investors Weigh In On Vishay Intertechnology

Institutional investors and hedge funds have recently made changes to their positions in the company. Everhart Financial Group Inc. grew its position in shares of Vishay Intertechnology by 18.4% during the 2nd quarter. Everhart Financial Group Inc. now owns 13,757 shares of the semiconductor company's stock valued at $307,000 after buying an additional 2,140 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Vishay Intertechnology by 11.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,647,693 shares of the semiconductor company's stock worth $36,744,000 after purchasing an additional 174,149 shares during the period. Legato Capital Management LLC lifted its holdings in shares of Vishay Intertechnology by 30.7% in the 2nd quarter. Legato Capital Management LLC now owns 23,651 shares of the semiconductor company's stock worth $527,000 after purchasing an additional 5,560 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Vishay Intertechnology in the 2nd quarter worth approximately $111,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Vishay Intertechnology during the 2nd quarter valued at approximately $542,000. 93.66% of the stock is owned by institutional investors and hedge funds.

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.

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