Vishay Intertechnology (NYSE:VSH) Hits New 52-Week Low – Here’s Why

Vishay Intertechnology, Inc. (NYSE:VSH) 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 trading hands. The stock had previously closed at $15.36.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VSH. TD Cowen lowered their price objective on Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. StockNews.com downgraded Vishay Intertechnology from a “hold” rating to a “sell” rating in a report on Monday, November 11th.

Vishay Intertechnology Trading Down 0.7 %

The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.85 and a current ratio of 2.81. The company’s 50 day moving average is $17.86 and its 200 day moving average is $20.71. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 24.77 and a beta of 1.09.

Vishay Intertechnology (NYSE:VSH) last released its earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share for the quarter, missing the consensus estimate 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 previous year, the business posted $0.60 EPS. The firm’s quarterly revenue was down 13.9% on a year-over-year basis. On average, research analysts forecast that Vishay Intertechnology, Inc. will post 0.55 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.62%. Vishay Intertechnology’s payout ratio is presently 64.52%.

Hedge Funds Weigh In On Vishay Intertechnology

Several institutional investors have recently added to or reduced their stakes in the company. Matrix Trust Co bought a new stake in shares of Vishay Intertechnology during the third quarter worth $25,000. Massmutual Trust Co. FSB ADV increased its position in Vishay Intertechnology by 173.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,367 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 868 shares in the last quarter. EntryPoint Capital LLC raised its stake in shares of Vishay Intertechnology by 1,366.2% in the first quarter. EntryPoint Capital LLC now owns 1,950 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 1,817 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Vishay Intertechnology during the second quarter worth approximately $45,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Vishay Intertechnology by 11,136.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,135 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 2,116 shares during the last quarter. 93.66% of the stock is owned by institutional investors.

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.