StockNews.com Upgrades Vishay Intertechnology (NYSE:VSH) to “Hold”

Vishay Intertechnology (NYSE:VSH) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

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

Vishay Intertechnology Stock Up 2.2 %

Vishay Intertechnology stock opened at $17.16 on Thursday. Vishay Intertechnology has a twelve month low of $14.95 and a twelve month high of $24.68. The stock has a 50 day moving average of $17.24 and a two-hundred day moving average of $17.86. The company has a current ratio of 2.70, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of -71.48 and a beta of 1.13.

Insider Activity

In other news, Chairman Marc Zandman sold 20,359 shares of the firm’s stock in a transaction that occurred 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 directly owns 32,957 shares of the company’s stock, valued at $550,711.47. This trade represents a 38.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.14% of the company’s stock.

Institutional Trading of Vishay Intertechnology

Several hedge funds have recently modified their holdings of the business. Mountaineer Partners Management LLC lifted its holdings in shares of 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 valued at $394,161,000 after buying an additional 18,810,325 shares during the period. Vanguard Group Inc. increased its stake in Vishay Intertechnology by 7.9% in the 4th quarter. Vanguard Group Inc. now owns 16,626,430 shares of the semiconductor company’s stock valued at $281,652,000 after purchasing an additional 1,224,112 shares in the last quarter. Norges Bank purchased a new position in Vishay Intertechnology in the 4th quarter valued at approximately $143,719,000. First Trust Advisors LP increased its stake in Vishay Intertechnology by 34.5% in the 4th quarter. First Trust Advisors LP now owns 5,077,379 shares of the semiconductor company’s stock valued at $86,011,000 after purchasing an additional 1,301,383 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Vishay Intertechnology by 9.3% in the 4th quarter. American Century Companies Inc. now owns 3,838,847 shares of the semiconductor company’s stock valued at $65,030,000 after purchasing an additional 325,859 shares in the last quarter. 93.66% of the stock is owned by institutional investors and hedge funds.

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.