Vishay Intertechnology (NYSE:VSH) Stock Rating Lowered by StockNews.com

Vishay Intertechnology (NYSE:VSH) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Wednesday.

Separately, JPMorgan Chase & Co. started coverage on shares of Vishay Intertechnology in a research note on Monday. They set a “neutral” rating and a $19.00 price objective on the stock.

Vishay Intertechnology Stock Performance

VSH stock opened at $17.01 on Wednesday. Vishay Intertechnology has a one year low of $14.95 and a one year high of $24.68. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 27.44 and a beta of 1.12. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.85 and a current ratio of 2.81. The firm has a 50-day simple moving average of $17.54 and a two-hundred day simple moving average of $19.78.

Vishay Intertechnology (NYSE:VSH) last announced its earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.06). The business had revenue of $735.35 million for the quarter, compared to analysts’ expectations of $748.84 million. Vishay Intertechnology had a return on equity of 5.35% and a net margin of 2.88%. The firm’s quarterly revenue was down 13.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share. On average, equities analysts forecast that Vishay Intertechnology will post 0.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Vishay Intertechnology

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. National Bank of Canada FI lifted its position in Vishay Intertechnology by 3.4% during the second quarter. National Bank of Canada FI now owns 19,835 shares of the semiconductor company’s stock worth $432,000 after buying an additional 650 shares in the last quarter. Natixis Advisors LLC increased its stake in shares of Vishay Intertechnology by 2.4% in the 2nd quarter. Natixis Advisors LLC now owns 45,403 shares of the semiconductor company’s stock worth $1,012,000 after acquiring an additional 1,057 shares during the last quarter. Cascade Investment Advisors Inc. raised its holdings in shares of Vishay Intertechnology by 2.2% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 60,450 shares of the semiconductor company’s stock worth $1,143,000 after acquiring an additional 1,300 shares during the period. Matrix Trust Co acquired a new position in shares of Vishay Intertechnology during the 3rd quarter valued at about $25,000. Finally, Mercer Global Advisors Inc. ADV grew its holdings in shares of Vishay Intertechnology by 7.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 26,412 shares of the semiconductor company’s stock valued at $589,000 after purchasing an additional 1,856 shares during the period. 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.