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

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

Separately, JPMorgan Chase & Co. assumed coverage on shares of Vishay Intertechnology in a research note on Monday, December 16th. They set a “neutral” rating and a $19.00 price target on the stock.

Vishay Intertechnology Price Performance

Vishay Intertechnology stock opened at $17.84 on Friday. The company has a market cap of $2.42 billion, a price-to-earnings ratio of -74.31 and a beta of 1.13. The firm’s fifty day moving average is $17.21 and its 200 day moving average is $17.78. The company has a quick ratio of 1.73, a current ratio of 2.70 and a debt-to-equity ratio of 0.45. Vishay Intertechnology has a 52-week low of $14.95 and a 52-week high of $24.68.

Vishay Intertechnology Dividend Announcement

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

Insider Activity

In other news, Chairman Marc Zandman sold 20,359 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $16.71, for a total value of $340,198.89. Following the sale, the chairman now owns 32,957 shares of the company’s stock, valued at approximately $550,711.47. This represents a 38.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 8.14% of the company’s stock.

Institutional Investors Weigh In On Vishay Intertechnology

Several hedge funds and other institutional investors have recently made changes to their positions in VSH. M&G PLC raised its stake in shares of Vishay Intertechnology by 21.2% in the third quarter. M&G PLC now owns 332,776 shares of the semiconductor company’s stock valued at $6,323,000 after acquiring an additional 58,152 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Vishay Intertechnology by 1.2% in the third quarter. Principal Financial Group Inc. now owns 2,573,745 shares of the semiconductor company’s stock worth $48,669,000 after purchasing an additional 30,515 shares during the last quarter. Versor Investments LP bought a new position in shares of Vishay Intertechnology in the third quarter worth about $686,000. GSA Capital Partners LLP bought a new position in shares of Vishay Intertechnology in the third quarter worth about $426,000. Finally, Aigen Investment Management LP bought a new position in shares of Vishay Intertechnology in the third quarter worth about $668,000. Hedge funds and other institutional investors own 93.66% of the company’s stock.

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.