Vishay Intertechnology (NYSE:VSH) Hits New 12-Month Low After Earnings Miss

Vishay Intertechnology, Inc. (NYSE:VSH)’s stock price hit a new 52-week low during mid-day trading on Wednesday following a dissappointing earnings announcement. The stock traded as low as $20.37 and last traded at $20.47, with a volume of 203352 shares traded. The stock had previously closed at $21.47.

The semiconductor company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Vishay Intertechnology had a net margin of 7.41% and a return on equity of 11.95%. The business had revenue of $741.20 million during the quarter, compared to analysts’ expectations of $754.71 million. During the same quarter in the previous year, the firm earned $0.68 earnings per share. Vishay Intertechnology’s revenue was down 16.9% on a year-over-year basis.

Vishay Intertechnology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were given a $0.10 dividend. The ex-dividend date was Thursday, June 13th. This represents a $0.40 annualized dividend and a dividend yield of 1.95%. Vishay Intertechnology’s payout ratio is 22.99%.

Insider Activity

In other news, Director John Malvisi bought 8,929 shares of Vishay Intertechnology stock in a transaction dated Friday, May 10th. The shares were purchased at an average cost of $22.60 per share, with a total value of $201,795.40. Following the completion of the acquisition, the director now owns 16,438 shares of the company’s stock, valued at approximately $371,498.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 8.14% of the company’s stock.

Institutional Investors Weigh In On Vishay Intertechnology

Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its stake in Vishay Intertechnology by 403.6% during the first quarter. Russell Investments Group Ltd. now owns 346,017 shares of the semiconductor company’s stock worth $7,848,000 after acquiring an additional 277,311 shares during the last quarter. M&G Plc bought a new position in shares of Vishay Intertechnology during the first quarter valued at approximately $6,016,000. Janus Henderson Group PLC grew its stake in shares of Vishay Intertechnology by 53.7% during the first quarter. Janus Henderson Group PLC now owns 747,269 shares of the semiconductor company’s stock valued at $16,947,000 after buying an additional 261,175 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Vishay Intertechnology by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 14,204,857 shares of the semiconductor company’s stock valued at $340,490,000 after buying an additional 68,418 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in shares of Vishay Intertechnology by 12.2% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 478,100 shares of the semiconductor company’s stock valued at $11,460,000 after buying an additional 52,050 shares during the last quarter. 93.66% of the stock is owned by institutional investors.

Vishay Intertechnology Stock Performance

The stock has a market cap of $2.81 billion, a P/E ratio of 12.34 and a beta of 1.12. The business has a 50 day moving average price of $22.92 and a 200 day moving average price of $22.56. The company has a quick ratio of 2.08, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

About Vishay Intertechnology

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.