StockNews.com Upgrades Vishay Intertechnology (NYSE:VSH) to “Hold”

StockNews.com upgraded shares of Vishay Intertechnology (NYSE:VSH) from a sell rating to a hold rating in a report issued on Tuesday morning.

Separately, JPMorgan Chase & Co. began coverage on Vishay Intertechnology in a research note on Monday, December 16th. They issued a “neutral” rating and a $19.00 price target for the company.

Vishay Intertechnology Trading Down 0.5 %

Shares of VSH stock opened at $17.24 on Tuesday. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of -71.81 and a beta of 1.13. The stock has a 50-day moving average of $17.24 and a 200-day moving average of $17.56. 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 $24.69.

Vishay Intertechnology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given 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 2.32%. Vishay Intertechnology’s payout ratio is -166.67%.

Insider Activity at Vishay Intertechnology

In related news, Chairman Marc Zandman sold 20,359 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $16.71, for a total transaction of $340,198.89. Following the sale, the chairman now owns 32,957 shares in the company, valued at $550,711.47. This represents a 38.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VSH. GSA Capital Partners LLP bought a new position in Vishay Intertechnology in the third quarter worth approximately $426,000. Quest Partners LLC boosted its holdings in Vishay Intertechnology by 4,009,500.0% in the third quarter. Quest Partners LLC now owns 40,096 shares of the semiconductor company’s stock worth $758,000 after acquiring an additional 40,095 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Vishay Intertechnology in the third quarter valued at approximately $818,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Vishay Intertechnology by 17.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,709,994 shares of the semiconductor company’s stock valued at $32,336,000 after purchasing an additional 248,741 shares in the last quarter. Finally, Meridian Wealth Management LLC bought a new position in shares of Vishay Intertechnology in the third quarter valued at approximately $207,000. Institutional investors own 93.66% of the company’s stock.

Vishay Intertechnology Company Profile

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.