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

Shares of Vishay Intertechnology, Inc. (NYSE:VSH) hit a new 52-week low on Thursday . The stock 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 Ratings Changes

A number of research firms have issued reports on VSH. StockNews.com upgraded Vishay Intertechnology from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th. JPMorgan Chase & Co. started coverage on shares of Vishay Intertechnology in a research note on Monday, December 16th. They set a “neutral” rating and a $19.00 price objective on the stock.

Vishay Intertechnology Trading Down 21.6 %

The stock’s 50 day moving average is $17.23 and its 200-day moving average is $17.43. The company has a market cap of $1.69 billion, a P/E ratio of -52.06 and a beta of 1.13. The company has a current ratio of 2.70, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45.

Vishay Intertechnology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders 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 annualized dividend and a dividend yield of 3.20%. Vishay Intertechnology’s dividend payout ratio is presently -166.67%.

Insider Activity at Vishay Intertechnology

In related news, Chairman Marc Zandman sold 27,176 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $16.88, for a total transaction of $458,730.88. Following the sale, the chairman now directly owns 76,468 shares of the company’s stock, valued at $1,290,779.84. This trade represents a 26.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 8.14% of the stock is owned by insiders.

Institutional Trading of Vishay Intertechnology

A number of institutional investors have recently made changes to their positions in the stock. Wealthfront Advisers LLC purchased a new position in shares of Vishay Intertechnology during the fourth quarter valued at approximately $38,000. Blue Trust Inc. lifted its holdings in shares of Vishay Intertechnology by 275.9% during the 4th quarter. Blue Trust Inc. now owns 2,710 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 1,989 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of Vishay Intertechnology by 819.2% during the 4th quarter. Sterling Capital Management LLC now owns 3,980 shares of the semiconductor company’s stock valued at $67,000 after buying an additional 3,547 shares during the period. IFP Advisors Inc boosted its stake in shares of Vishay Intertechnology by 351.1% in the 4th quarter. IFP Advisors Inc now owns 4,376 shares of the semiconductor company’s stock worth $74,000 after buying an additional 3,406 shares during the last quarter. Finally, Manchester Capital Management LLC grew its holdings in shares of Vishay Intertechnology by 526.6% in the fourth quarter. Manchester Capital Management LLC now owns 7,175 shares of the semiconductor company’s stock worth $122,000 after acquiring an additional 6,030 shares during the period. Hedge funds and other institutional investors own 93.66% of the company’s stock.

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.