Vishay Intertechnology (NYSE:VSH) Rating Increased to Hold at StockNews.com

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

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

Vishay Intertechnology Stock Up 1.3 %

Shares of NYSE:VSH traded up $0.23 during midday trading on Thursday, reaching $17.77. 1,249,671 shares of the company were exchanged, compared to its average volume of 1,445,812. The firm has a market cap of $2.41 billion, a PE ratio of 28.66 and a beta of 1.12. The company has a quick ratio of 1.85, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. Vishay Intertechnology has a fifty-two week low of $14.95 and a fifty-two week high of $24.68. The stock has a fifty day simple moving average of $17.46 and a two-hundred day simple moving average of $19.58.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $735.35 million during the quarter, compared to analyst estimates of $748.84 million. Vishay Intertechnology had a net margin of 2.88% and a return on equity of 5.35%. The business's revenue for the quarter was down 13.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 EPS. As a group, sell-side analysts forecast that Vishay Intertechnology will post 0.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of VSH. Mountaineer Partners Management LLC raised its stake in Vishay Intertechnology by 924.9% during the 3rd quarter. Mountaineer Partners Management LLC now owns 20,844,077 shares of the semiconductor company's stock worth $394,161,000 after buying an additional 18,810,325 shares during the period. Deprince Race & Zollo Inc. increased its stake in Vishay Intertechnology by 94.0% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 3,129,207 shares of the semiconductor company's stock valued at $69,781,000 after purchasing an additional 1,516,368 shares in the last quarter. Poplar Forest Capital LLC bought a new stake in Vishay Intertechnology during the 2nd quarter valued at $21,160,000. Needham Investment Management LLC raised its holdings in Vishay Intertechnology by 39.2% during the third quarter. Needham Investment Management LLC now owns 1,260,000 shares of the semiconductor company's stock worth $23,827,000 after buying an additional 355,000 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Vishay Intertechnology by 12.7% during the second quarter. American Century Companies Inc. now owns 3,109,768 shares of the semiconductor company's stock valued at $69,348,000 after buying an additional 350,512 shares during the last quarter. Institutional investors and hedge funds 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.