Vishay Intertechnology (NYSE:VSH) Downgraded by StockNews.com to “Sell”

StockNews.com downgraded shares of Vishay Intertechnology (NYSE:VSH) from a hold rating to a sell rating in a research report released on Saturday.

Vishay Intertechnology Stock Performance

Shares of NYSE:VSH opened at $13.14 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.70 and a quick ratio of 1.73. Vishay Intertechnology has a 1 year low of $10.35 and a 1 year high of $24.69. The firm has a market capitalization of $1.78 billion, a PE ratio of -54.75 and a beta of 1.06. The business’s 50 day moving average price is $14.17 and its 200-day moving average price is $16.22.

Vishay Intertechnology (NYSE:VSH) last released its earnings results on Wednesday, May 7th. The semiconductor company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.03). The business had revenue of $715.24 million during the quarter, compared to analyst estimates of $713.50 million. Vishay Intertechnology had a negative net margin of 1.06% and a positive return on equity of 3.06%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 earnings per share. As a group, equities research analysts expect that Vishay Intertechnology will post 0.53 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend was Thursday, March 13th. Vishay Intertechnology’s dividend payout ratio (DPR) is -81.63%.

Insider Activity at Vishay Intertechnology

In other Vishay Intertechnology news, Chairman Marc Zandman sold 27,176 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $16.88, for a total value of $458,730.88. Following the completion of the sale, the chairman now directly owns 76,468 shares in the company, valued at $1,290,779.84. This represents a 26.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.32% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Atria Investments Inc increased its position in Vishay Intertechnology by 3.2% during the fourth quarter. Atria Investments Inc now owns 18,790 shares of the semiconductor company’s stock worth $318,000 after purchasing an additional 590 shares during the last quarter. Coldstream Capital Management Inc. raised its position in shares of Vishay Intertechnology by 6.4% during the 4th quarter. Coldstream Capital Management Inc. now owns 11,090 shares of the semiconductor company’s stock valued at $188,000 after buying an additional 663 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Vishay Intertechnology by 3.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 20,010 shares of the semiconductor company’s stock valued at $339,000 after acquiring an additional 714 shares during the last quarter. Somerset Trust Co grew its position in Vishay Intertechnology by 10.4% in the fourth quarter. Somerset Trust Co now owns 12,253 shares of the semiconductor company’s stock worth $208,000 after acquiring an additional 1,152 shares during the period. Finally, CWM LLC increased its stake in Vishay Intertechnology by 76.0% during the first quarter. CWM LLC now owns 3,473 shares of the semiconductor company’s stock worth $55,000 after acquiring an additional 1,500 shares during 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.