Vishay Intertechnology (NYSE:VSH) Hits New 1-Year Low – Here’s Why

Vishay Intertechnology, Inc. (NYSE:VSH)’s stock price reached a new 52-week low on Monday . The stock traded as low as $15.27 and last traded at $15.37, with a volume of 19811 shares changing hands. The stock had previously closed at $15.36.

Analysts Set New Price Targets

Several research firms have weighed in on VSH. StockNews.com raised Vishay Intertechnology from a “sell” rating to a “hold” rating in a research note on Tuesday. TD Cowen decreased their price objective on Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating for the company in a report on Thursday, August 8th.

Vishay Intertechnology Stock Performance

The company has a quick ratio of 1.85, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. The stock has a 50 day simple moving average of $17.75 and a two-hundred day simple moving average of $20.60. The stock has a market capitalization of $2.07 billion, a P/E ratio of 24.56 and a beta of 1.09.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). Vishay Intertechnology had a net margin of 2.88% and a return on equity of 5.35%. The company had revenue of $735.35 million during the quarter, compared to the consensus estimate of $748.84 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. The firm’s revenue for the quarter was down 13.9% compared to the same quarter last year. On average, equities analysts forecast that Vishay Intertechnology, Inc. will post 0.55 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd will be given a $0.10 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.63%. Vishay Intertechnology’s payout ratio is 64.52%.

Institutional Trading of Vishay Intertechnology

A number of hedge funds have recently made changes to their positions in the business. Coldstream Capital Management Inc. acquired a new stake in shares of Vishay Intertechnology in the third quarter valued at approximately $196,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Vishay Intertechnology in the third quarter valued at approximately $453,000. Dean Investment Associates LLC lifted its position in shares of Vishay Intertechnology by 32.8% in the third quarter. Dean Investment Associates LLC now owns 153,730 shares of the semiconductor company’s stock valued at $2,907,000 after buying an additional 37,951 shares during the last quarter. Weiss Asset Management LP acquired a new stake in shares of Vishay Intertechnology in the third quarter valued at approximately $1,055,000. Finally, Systematic Financial Management LP lifted its holdings in Vishay Intertechnology by 15.1% during the 3rd quarter. Systematic Financial Management LP now owns 1,388,337 shares of the semiconductor company’s stock worth $26,253,000 after purchasing an additional 182,212 shares during the last quarter. 93.66% of the stock is owned by institutional investors and hedge funds.

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.