TheStreet Downgrades Vishay Intertechnology (VSH) to C+

TheStreet downgraded shares of Vishay Intertechnology (NYSE:VSH) from an a- rating to a c+ rating in a research note released on Tuesday morning.

VSH has been the topic of a number of other reports. Citigroup lifted their price objective on shares of Vishay Intertechnology from $16.00 to $19.00 and gave the company a sell rating in a report on Friday, October 27th. Zacks Investment Research upgraded shares of Vishay Intertechnology from a hold rating to a buy rating and set a $27.00 price objective on the stock in a report on Tuesday, January 23rd. Finally, Stifel Nicolaus reiterated a hold rating and issued a $20.00 price objective (down from $23.00) on shares of Vishay Intertechnology in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $22.00.

Vishay Intertechnology (NYSE VSH) opened at $17.65 on Tuesday. The company has a quick ratio of 3.44, a current ratio of 3.88 and a debt-to-equity ratio of 0.44. Vishay Intertechnology has a one year low of $15.40 and a one year high of $23.85. The firm has a market cap of $2,600.00, a P/E ratio of -80.23, a price-to-earnings-growth ratio of 0.57 and a beta of 1.21.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.02). Vishay Intertechnology had a negative net margin of 0.78% and a positive return on equity of 14.07%. The company had revenue of $674.50 million during the quarter, compared to the consensus estimate of $677.51 million. During the same period in the previous year, the firm posted $0.18 EPS. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. equities research analysts expect that Vishay Intertechnology will post 1.63 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of Vishay Intertechnology in the fourth quarter valued at approximately $305,000. UBS Asset Management Americas Inc. raised its holdings in shares of Vishay Intertechnology by 6.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 371,342 shares of the semiconductor company’s stock valued at $7,705,000 after purchasing an additional 21,734 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Vishay Intertechnology by 5.1% in the fourth quarter. BlackRock Inc. now owns 15,748,874 shares of the semiconductor company’s stock valued at $326,788,000 after purchasing an additional 763,800 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Vishay Intertechnology by 24.8% in the fourth quarter. Arizona State Retirement System now owns 94,910 shares of the semiconductor company’s stock valued at $1,969,000 after purchasing an additional 18,890 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Vishay Intertechnology by 7.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 314,389 shares of the semiconductor company’s stock valued at $6,524,000 after purchasing an additional 21,618 shares during the last quarter.

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Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five product segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors and Capacitors. MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs.

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