Vishay Intertechnology (NYSE:VSH) Hits New 12-Month Low – Here’s Why

Vishay Intertechnology, Inc. (NYSE:VSH) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $13.50 and last traded at $13.68, with a volume of 985599 shares. The stock had previously closed at $15.93.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. StockNews.com raised shares of Vishay Intertechnology from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th. JPMorgan Chase & Co. began coverage on Vishay Intertechnology in a report on Monday, December 16th. They issued a “neutral” rating and a $19.00 target price on the stock.

Vishay Intertechnology Trading Down 21.6 %

The stock’s 50-day simple moving average is $17.23 and its two-hundred day simple moving average is $17.43. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.70 and a quick ratio of 1.73. The firm has a market capitalization of $1.69 billion, a P/E ratio of -52.06 and a beta of 1.13.

Vishay Intertechnology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.10 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.40 dividend on an annualized basis and a yield of 3.20%. Vishay Intertechnology’s payout ratio is presently -166.67%.

Insider Activity

In other news, Chairman Marc Zandman sold 27,176 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $16.88, for a total value of $458,730.88. Following the transaction, the chairman now owns 76,468 shares of the company’s stock, valued at approximately $1,290,779.84. The trade was a 26.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.14% of the company’s stock.

Institutional Trading of Vishay Intertechnology

Institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of Vishay Intertechnology by 17.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,709,994 shares of the semiconductor company’s stock worth $32,336,000 after purchasing an additional 248,741 shares during the last quarter. Verition Fund Management LLC bought a new stake in Vishay Intertechnology in the 3rd quarter worth approximately $906,000. Edgestream Partners L.P. purchased a new stake in shares of Vishay Intertechnology during the 3rd quarter worth approximately $1,080,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Vishay Intertechnology during the 3rd quarter valued at approximately $302,000. Finally, Paloma Partners Management Co purchased a new position in shares of Vishay Intertechnology in the third quarter valued at $415,000. 93.66% of the stock is currently owned by institutional investors.

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.