Vishay Intertechnology (NYSE:VSH) Cut to Sell at StockNews.com

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

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

Vishay Intertechnology Stock Performance

NYSE VSH opened at $17.84 on Friday. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of -74.31 and a beta of 1.13. The company has a 50 day moving average of $17.21 and a 200-day moving average of $17.72. The company has a current ratio of 2.70, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. Vishay Intertechnology has a 1-year low of $14.95 and a 1-year high of $24.68.

Vishay Intertechnology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.40 annualized dividend and a dividend yield of 2.24%. Vishay Intertechnology’s dividend payout ratio (DPR) is currently -166.67%.

Insider Activity

In other news, Chairman Marc Zandman sold 27,176 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $16.88, for a total transaction of $458,730.88. Following the sale, the chairman now directly owns 76,468 shares of the company’s stock, valued at $1,290,779.84. This represents a 26.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.14% of the stock is owned by insiders.

Institutional Trading of Vishay Intertechnology

Hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP grew its stake in shares of Vishay Intertechnology by 89.7% during the third quarter. Quantbot Technologies LP now owns 100,864 shares of the semiconductor company’s stock valued at $1,907,000 after purchasing an additional 47,700 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Vishay Intertechnology by 2.5% in the third quarter. Fisher Asset Management LLC now owns 2,673,088 shares of the semiconductor company’s stock valued at $50,548,000 after acquiring an additional 66,268 shares during the last quarter. Kovack Advisors Inc. bought a new position in Vishay Intertechnology in the third quarter valued at approximately $788,000. Systematic Financial Management LP boosted its stake in Vishay Intertechnology by 15.1% in the third quarter. Systematic Financial Management LP now owns 1,388,337 shares of the semiconductor company’s stock valued at $26,253,000 after acquiring an additional 182,212 shares during the last quarter. Finally, Bernzott Capital Advisors boosted its stake in Vishay Intertechnology by 27.9% in the fourth quarter. Bernzott Capital Advisors now owns 363,629 shares of the semiconductor company’s stock valued at $6,160,000 after acquiring an additional 79,214 shares during the last quarter. 93.66% of the stock is owned by institutional investors.

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.