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 note released on Thursday morning.

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

Vishay Intertechnology Stock Up 5.3 %

Vishay Intertechnology stock opened at $18.68 on Thursday. Vishay Intertechnology has a fifty-two week low of $14.95 and a fifty-two week high of $24.68. The firm has a 50 day moving average price of $17.11 and a 200 day moving average price of $18.06. The company has a market capitalization of $2.54 billion, a PE ratio of -77.84 and a beta of 1.12. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.85 and a current ratio of 2.70.

Vishay Intertechnology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, March 13th. Vishay Intertechnology’s dividend payout ratio (DPR) is presently -166.67%.

Insider Activity

In related 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 transaction, the chairman now directly owns 32,957 shares of the company’s stock, valued at $550,711.47. This trade represents a 38.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 8.14% of the company’s stock.

Institutional Trading of Vishay Intertechnology

A number of large investors have recently made changes to their positions in the company. Inspire Investing LLC raised its position in Vishay Intertechnology by 38.3% in the 3rd quarter. Inspire Investing LLC now owns 21,760 shares of the semiconductor company’s stock valued at $411,000 after purchasing an additional 6,022 shares during the last quarter. Twelve Points Wealth Management LLC acquired a new stake in shares of Vishay Intertechnology in the 3rd quarter worth $238,000. Vest Financial LLC raised its holdings in Vishay Intertechnology by 65.2% during the third quarter. Vest Financial LLC now owns 82,528 shares of the semiconductor company’s stock worth $1,561,000 after purchasing an additional 32,559 shares in the last quarter. Eastern Bank acquired a new stake in Vishay Intertechnology in the third quarter valued at about $113,000. Finally, Assenagon Asset Management S.A. boosted its holdings in Vishay Intertechnology by 35.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 120,649 shares of the semiconductor company’s stock valued at $2,281,000 after purchasing an additional 31,863 shares in the last quarter. 93.66% of the stock is owned by institutional investors and hedge funds.

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.