Vishay Intertechnology (NYSE:VSH) Upgraded by StockNews.com to “Hold” Rating

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

Separately, JPMorgan Chase & Co. assumed coverage on shares of Vishay Intertechnology in a research note on Monday, December 16th. They issued a “neutral” rating and a $19.00 price target on the stock.

Vishay Intertechnology Trading Down 0.3 %

VSH stock opened at $17.05 on Tuesday. The company has a market capitalization of $2.31 billion, a PE ratio of -71.02 and a beta of 1.13. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 2.70. Vishay Intertechnology has a 52 week low of $14.95 and a 52 week high of $24.69. The company’s 50-day simple moving average is $17.22 and its 200 day simple moving average is $17.57.

Vishay Intertechnology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.40 annualized dividend and a dividend yield of 2.35%. Vishay Intertechnology’s payout ratio is currently -166.67%.

Insider Buying and Selling

In other Vishay Intertechnology news, Chairman Marc Zandman sold 27,176 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $16.88, for a total value of $458,730.88. Following the completion of the transaction, the chairman now directly owns 76,468 shares of the company’s stock, valued at $1,290,779.84. This trade represents a 26.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.14% of the stock is owned by insiders.

Institutional Trading of Vishay Intertechnology

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mountaineer Partners Management LLC raised its position in Vishay Intertechnology by 924.9% in the 3rd quarter. Mountaineer Partners Management LLC now owns 20,844,077 shares of the semiconductor company’s stock worth $394,161,000 after purchasing an additional 18,810,325 shares during the period. Vanguard Group Inc. boosted its stake in Vishay Intertechnology by 7.9% during the fourth quarter. Vanguard Group Inc. now owns 16,626,430 shares of the semiconductor company’s stock worth $281,652,000 after acquiring an additional 1,224,112 shares in the last quarter. Norges Bank bought a new stake in Vishay Intertechnology during the fourth quarter worth about $143,719,000. First Trust Advisors LP boosted its stake in Vishay Intertechnology by 34.5% during the fourth quarter. First Trust Advisors LP now owns 5,077,379 shares of the semiconductor company’s stock worth $86,011,000 after acquiring an additional 1,301,383 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Vishay Intertechnology by 9.3% in the fourth quarter. American Century Companies Inc. now owns 3,838,847 shares of the semiconductor company’s stock worth $65,030,000 after buying an additional 325,859 shares in 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.