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

Vishay Intertechnology (NYSE:VSH) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

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

Vishay Intertechnology Price Performance

NYSE VSH opened at $19.39 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.57. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of -276.96 and a beta of 1.14. The company has a 50 day simple moving average of $16.81 and a 200-day simple moving average of $15.79. Vishay Intertechnology has a 52-week low of $10.35 and a 52-week high of $22.00.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Wednesday, February 4th. The semiconductor company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The company had revenue of $800.92 million during the quarter, compared to analyst estimates of $790.47 million. Vishay Intertechnology had a negative net margin of 0.29% and a negative return on equity of 0.32%. The company’s revenue was up 12.1% on a year-over-year basis. Equities research analysts predict that Vishay Intertechnology will post 0.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VSH. Jones Financial Companies Lllp boosted its position in Vishay Intertechnology by 709.5% during the third quarter. Jones Financial Companies Lllp now owns 1,797 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 1,575 shares during the period. Quarry LP bought a new stake in shares of Vishay Intertechnology in the third quarter valued at about $39,000. Hantz Financial Services Inc. grew its stake in shares of Vishay Intertechnology by 255.8% in the fourth quarter. Hantz Financial Services Inc. now owns 5,124 shares of the semiconductor company’s stock valued at $74,000 after acquiring an additional 3,684 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Vishay Intertechnology in the 4th quarter worth about $87,000. Finally, CWM LLC boosted its holdings in Vishay Intertechnology by 63.4% in the 2nd quarter. CWM LLC now owns 5,674 shares of the semiconductor company’s stock valued at $90,000 after purchasing an additional 2,201 shares during the period. 93.66% of the stock is currently owned by 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.