Vishay Intertechnology (NYSE:VSH) Downgraded to “Strong Sell” Rating by Zacks Research

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

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

Vishay Intertechnology Trading Up 4.7%

Shares of VSH stock opened at $20.27 on Monday. Vishay Intertechnology has a 1-year low of $10.35 and a 1-year high of $22.00. The firm has a market cap of $2.75 billion, a PE ratio of -290.52 and a beta of 1.14. The company has a 50-day moving average of $16.81 and a two-hundred day moving average of $15.79. 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 (NYSE:VSH) last released its quarterly 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). Vishay Intertechnology had a negative net margin of 0.29% and a negative return on equity of 0.32%. The company had revenue of $800.92 million during the quarter, compared to analysts’ expectations of $790.47 million. Vishay Intertechnology’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, analysts predict that Vishay Intertechnology will post 0.53 EPS for the current year.

Vishay Intertechnology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Wednesday, December 3rd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Wednesday, December 3rd. Vishay Intertechnology’s dividend payout ratio is currently -571.43%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of Vishay Intertechnology by 26.6% in the first quarter. Royal Bank of Canada now owns 71,823 shares of the semiconductor company’s stock valued at $1,142,000 after buying an additional 15,079 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Vishay Intertechnology by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,123 shares of the semiconductor company’s stock worth $1,179,000 after buying an additional 2,250 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Vishay Intertechnology by 5.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 250,154 shares of the semiconductor company’s stock valued at $3,977,000 after buying an additional 12,547 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of Vishay Intertechnology by 12.6% in the 2nd quarter. Inspire Investing LLC now owns 24,401 shares of the semiconductor company’s stock worth $387,000 after purchasing an additional 2,722 shares during the last quarter. Finally, CWM LLC grew its position in Vishay Intertechnology by 63.4% in the 2nd quarter. CWM LLC now owns 5,674 shares of the semiconductor company’s stock worth $90,000 after purchasing an additional 2,201 shares during the last quarter. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

Vishay Intertechnology Company Profile

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.