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

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

Separately, JPMorgan Chase & Co. initiated coverage on shares of 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 Price Performance

Shares of NYSE:VSH opened at $18.68 on Thursday. Vishay Intertechnology has a one year low of $14.95 and a one year high of $24.68. The stock has a market cap of $2.54 billion, a PE ratio of -77.84 and a beta of 1.12. The business’s fifty day moving average price is $17.11 and its two-hundred day moving average price is $18.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.85 and a current ratio of 2.70.

Vishay Intertechnology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $0.10 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.40 annualized dividend and a dividend yield of 2.14%. Vishay Intertechnology’s dividend payout ratio is presently -166.67%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Vishay Intertechnology

Large investors have recently modified their holdings of the stock. Inspire Investing LLC boosted its holdings in Vishay Intertechnology by 38.3% in the 3rd quarter. Inspire Investing LLC now owns 21,760 shares of the semiconductor company’s stock worth $411,000 after acquiring an additional 6,022 shares during the period. Twelve Points Wealth Management LLC acquired a new stake in Vishay Intertechnology during the 3rd quarter valued at $238,000. Vest Financial LLC increased its stake in Vishay Intertechnology by 65.2% during the 3rd quarter. Vest Financial LLC now owns 82,528 shares of the semiconductor company’s stock worth $1,561,000 after buying an additional 32,559 shares during the period. Eastern Bank purchased a new position in Vishay Intertechnology in the 3rd quarter valued at about $113,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Vishay Intertechnology by 35.9% during the third quarter. Assenagon Asset Management S.A. now owns 120,649 shares of the semiconductor company’s stock valued at $2,281,000 after acquiring an additional 31,863 shares in the last quarter. Institutional investors and hedge funds 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.