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

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

Separately, JPMorgan Chase & Co. assumed coverage on Vishay Intertechnology in a research report on Monday, December 16th. They issued a "neutral" rating and a $19.00 target price for the company.

Vishay Intertechnology Stock Down 2.4 %

NYSE:VSH traded down $0.42 during mid-day trading on Tuesday, hitting $17.17. The stock had a trading volume of 2,280,105 shares, compared to its average volume of 1,765,895. The company has a current ratio of 2.70, a quick ratio of 1.85 and a debt-to-equity ratio of 0.45. The stock has a 50-day simple moving average of $17.22 and a two-hundred day simple moving average of $18.31. The company has a market capitalization of $2.33 billion, a PE ratio of -71.52 and a beta of 1.12. Vishay Intertechnology has a twelve month low of $14.95 and a twelve month high of $24.68.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last announced its quarterly 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). Vishay Intertechnology had a negative net margin of 1.06% and a positive return on equity of 3.06%. The company had revenue of $735.35 million during the quarter, compared to analysts' expectations of $748.84 million. During the same quarter in the prior year, the company earned $0.60 earnings per share. The business's revenue for the quarter was down 13.9% on a year-over-year basis. On average, equities research analysts anticipate that Vishay Intertechnology will post 0.85 EPS for the current year.

Insider Activity at Vishay Intertechnology

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 value of $340,198.89. Following the completion of the sale, the chairman now owns 32,957 shares of the company's stock, valued at approximately $550,711.47. This trade represents a 38.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.14% of the stock is currently owned by insiders.

Institutional Trading of Vishay Intertechnology

A number of institutional investors have recently added to or reduced their stakes in the stock. Matrix Trust Co purchased a new stake in Vishay Intertechnology in the 3rd quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Vishay Intertechnology by 11,136.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,135 shares of the semiconductor company's stock valued at $48,000 after buying an additional 2,116 shares during the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Vishay Intertechnology during the fourth quarter valued at approximately $38,000. Blue Trust Inc. grew its stake in 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 acquiring an additional 1,989 shares during the period. Finally, IFP Advisors Inc raised its holdings in Vishay Intertechnology by 351.1% in the 4th quarter. IFP Advisors Inc now owns 4,376 shares of the semiconductor company's stock valued at $74,000 after acquiring an additional 3,406 shares during 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.