Vishay Intertechnology (NYSE:VSH) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Vishay Intertechnology (NYSE:VSH) from a hold rating to a strong sell rating in a research note released on Monday morning,Zacks.com reports.

A number of other brokerages also recently weighed in on VSH. Weiss Ratings reiterated a “sell (d)” rating on shares of Vishay Intertechnology in a report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their price objective on shares of Vishay Intertechnology from $14.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Bank of America increased their target price on shares of Vishay Intertechnology from $14.00 to $16.00 and gave the stock an “underperform” rating in a report on Thursday, January 22nd. Finally, Argus raised shares of Vishay Intertechnology to a “strong-buy” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $18.00.

Vishay Intertechnology Trading Up 4.3%

NYSE VSH opened at $20.19 on Monday. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of -288.43 and a beta of 1.14. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.57. Vishay Intertechnology has a 12 month low of $10.35 and a 12 month high of $22.00. The company’s fifty day moving average price is $16.91 and its two-hundred day moving average price is $15.82.

Vishay Intertechnology (NYSE:VSH) last issued its earnings results on Wednesday, February 4th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $800.92 million during the quarter, compared to analyst estimates of $790.47 million. Vishay Intertechnology had a negative net margin of 0.29% and a negative return on equity of 0.32%. The business’s revenue was up 12.1% on a year-over-year basis. As a group, research analysts predict that Vishay Intertechnology will post 0.53 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Wednesday, December 3rd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.40 annualized dividend and a yield of 2.0%. Vishay Intertechnology’s dividend payout ratio (DPR) is presently -571.43%.

Institutional Trading of Vishay Intertechnology

Several institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in Vishay Intertechnology during the second quarter valued at about $84,496,000. Woodline Partners LP boosted its stake in shares of Vishay Intertechnology by 25.3% in the 3rd quarter. Woodline Partners LP now owns 6,813,765 shares of the semiconductor company’s stock valued at $104,251,000 after purchasing an additional 1,377,356 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in Vishay Intertechnology during the third quarter worth about $12,306,000. Two Sigma Investments LP grew its position in Vishay Intertechnology by 1,440.5% during the 3rd quarter. Two Sigma Investments LP now owns 844,508 shares of the semiconductor company’s stock worth $12,921,000 after acquiring an additional 789,686 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Vishay Intertechnology by 110.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,346,964 shares of the semiconductor company’s stock worth $21,390,000 after buying an additional 707,395 shares in the last quarter. Institutional investors and hedge funds own 93.66% of the company’s stock.

About Vishay Intertechnology

Vishay Intertechnology, Inc is a global manufacturer of discrete semiconductors and passive electronic components, serving a wide range of industries including industrial, automotive, computing, consumer electronics, telecommunications, medical, and military/aerospace markets. The company’s portfolio encompasses resistors, capacitors, inductors, sensors, diodes, rectifiers, MOSFETs and a variety of integrated circuit solutions. Vishay’s components are used in power management, signal conditioning, circuit protection and sensing applications, supporting both standard and custom designs for original equipment manufacturers worldwide.

Originally founded in 1962 by Dr.