Vishay Intertechnology (NYSE:VSH) Lowered to Sell Rating by Wall Street Zen

Key Points

• Vishay Intertechnology has been downgraded from a "hold" rating to a "sell" rating by equities researchers at Wall Street Zen.
• The semiconductor company reported a quarterly EPS of ($0.07), missing analyst expectations and showing a revenue increase of 2.8% year-over-year.
• Insider Director Michael J. Cody recently purchased 3,500 shares at an average price of $16.12, increasing their ownership by 6.18%.

Vishay Intertechnology (NYSE:VSH - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Sunday.

Vishay Intertechnology Stock Performance

Shares of Vishay Intertechnology stock opened at $14.85 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.70 and a quick ratio of 1.64. The business has a 50-day simple moving average of $16.20 and a 200 day simple moving average of $15.51. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of -22.85 and a beta of 1.13. Vishay Intertechnology has a one year low of $10.35 and a one year high of $20.91.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.09). The company had revenue of $762.25 million for the quarter, compared to the consensus estimate of $756.07 million. Vishay Intertechnology had a negative return on equity of 0.10% and a negative net margin of 3.00%. The business's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 earnings per share. On average, research analysts anticipate that Vishay Intertechnology will post 0.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Michael J. Cody acquired 3,500 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The shares were acquired at an average price of $16.12 per share, for a total transaction of $56,420.00. Following the completion of the purchase, the director owned 60,169 shares in the company, valued at approximately $969,924.28. This trade represents a 6.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 8.32% of the company's stock.

Hedge Funds Weigh In On Vishay Intertechnology

Several institutional investors have recently bought and sold shares of the company. Public Sector Pension Investment Board lifted its stake in Vishay Intertechnology by 7.4% in the second quarter. Public Sector Pension Investment Board now owns 382,578 shares of the semiconductor company's stock valued at $6,075,000 after purchasing an additional 26,300 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Vishay Intertechnology by 14.0% in the second quarter. Tower Research Capital LLC TRC now owns 17,475 shares of the semiconductor company's stock valued at $278,000 after purchasing an additional 2,151 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of Vishay Intertechnology by 7.4% during the second quarter. Corient Private Wealth LLC now owns 18,598 shares of the semiconductor company's stock worth $295,000 after acquiring an additional 1,288 shares in the last quarter. Orion Porfolio Solutions LLC lifted its position in shares of Vishay Intertechnology by 19.6% during the second quarter. Orion Porfolio Solutions LLC now owns 93,784 shares of the semiconductor company's stock worth $1,489,000 after acquiring an additional 15,355 shares in the last quarter. Finally, Gallagher Fiduciary Advisors LLC lifted its position in shares of Vishay Intertechnology by 21.8% during the second quarter. Gallagher Fiduciary Advisors LLC now owns 23,873 shares of the semiconductor company's stock worth $379,000 after acquiring an additional 4,267 shares in the last quarter. Hedge funds and other 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.

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