Vishay Intertechnology (NYSE:VSH) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research lowered shares of Vishay Intertechnology (NYSE:VSH) from a hold rating to a sell rating in a report issued on Saturday, Zacks.com reports. The brokerage currently has $17.00 price objective on the semiconductor company’s stock.

According to Zacks, “Vishay Intertechnology is riding on its robust MOSFET, capacitors, diodes, resistors and inductors. These are strengthening its performance in the automotive, industrial, medical and military end-markets. Additionally, Vishay’s expanding manufacturing capacities across all product segments are tailwinds. Further, positive contributions from UltraSource buyout and favorable demand conditions in Americas and Europe are contributing well. Estimates have been stable lately ahead of the company’s Q2 earnings release. The company has positive record of earnings surprises in recent quarters. However, sluggishness in optoelectronics product segment is a major concern. Supply has started to catch up demand which is affecting the company’s backlogs and inventories. The stock has underperformed the industry it belongs to over a year.”

Other research analysts have also issued reports about the stock. ValuEngine lowered shares of Zumiez from a hold rating to a sell rating in a report on Monday, May 13th. Cowen assumed coverage on shares of Littelfuse in a report on Tuesday, May 21st. They issued an outperform rating and a $210.00 price objective for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Vishay Intertechnology presently has an average rating of Hold and a consensus price target of $22.20.

Shares of VSH opened at $15.78 on Friday. The stock has a market cap of $2.28 billion, a PE ratio of 7.44, a P/E/G ratio of 1.14 and a beta of 1.54. The company has a quick ratio of 2.25, a current ratio of 3.09 and a debt-to-equity ratio of 0.40. The firm’s fifty day moving average price is $15.85. Vishay Intertechnology has a twelve month low of $15.06 and a twelve month high of $26.50.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.01. The business had revenue of $745.16 million during the quarter, compared to analysts’ expectations of $754.26 million. Vishay Intertechnology had a net margin of 11.72% and a return on equity of 23.80%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.40 EPS. On average, analysts predict that Vishay Intertechnology will post 1.42 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were paid a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 2.41%. This is a positive change from Vishay Intertechnology’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Wednesday, June 12th. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 17.92%.

Several institutional investors have recently modified their holdings of VSH. Meeder Asset Management Inc. bought a new position in shares of Vishay Intertechnology in the 1st quarter worth about $37,000. Strs Ohio increased its stake in shares of Vishay Intertechnology by 8.2% in the 1st quarter. Strs Ohio now owns 9,200 shares of the semiconductor company’s stock worth $169,000 after acquiring an additional 700 shares in the last quarter. Stifel Financial Corp bought a new position in shares of Vishay Intertechnology in the 4th quarter worth about $214,000. Cerebellum GP LLC increased its stake in Vishay Intertechnology by 620.4% during the 1st quarter. Cerebellum GP LLC now owns 11,858 shares of the semiconductor company’s stock valued at $219,000 after purchasing an additional 10,212 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Vishay Intertechnology by 6.0% during the 4th quarter. LPL Financial LLC now owns 13,013 shares of the semiconductor company’s stock valued at $234,000 after purchasing an additional 735 shares in the last quarter. Institutional investors own 89.54% of the company’s stock.

About Vishay Intertechnology

Vishay Intertechnology, Inc manufactures and supplies discrete semiconductors and passive components in the United States, Europe, and Asia. The Metal Oxide Semiconductor Field Effect Transistors (MOSFETs) segment offers low- and medium-voltage TrenchFET MOSFETs, high-voltage planar MOSFETs, high voltage super junction MOSFETs, power integrated circuits, and integrated function power devices.

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