Vishay Intertechnology (NYSE:VSH) Hits New 52-Week Low – Time to Sell?

Vishay Intertechnology, Inc. (NYSE:VSH) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $16.65 and last traded at $16.67, with a volume of 1818542 shares changing hands. The stock had previously closed at $17.36.

Analysts Set New Price Targets

VSH has been the subject of several analyst reports. TD Cowen decreased their target price on shares of Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. StockNews.com downgraded Vishay Intertechnology from a “hold” rating to a “sell” rating in a report on Monday.

Vishay Intertechnology Stock Performance

The company has a current ratio of 2.81, a quick ratio of 1.98 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average of $18.07 and a 200-day moving average of $20.89. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 28.00 and a beta of 1.09.

Vishay Intertechnology (NYSE:VSH) last issued its earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $748.84 million. During the same period last year, the business earned $0.60 EPS. The company’s quarterly revenue was down 13.9% on a year-over-year basis. On average, equities research analysts forecast that Vishay Intertechnology, Inc. will post 0.55 earnings per share for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.40 annualized dividend and a yield of 2.40%. Vishay Intertechnology’s dividend payout ratio is currently 64.52%.

Hedge Funds Weigh In On Vishay Intertechnology

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Vishay Intertechnology by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 14,919,132 shares of the semiconductor company’s stock valued at $338,366,000 after purchasing an additional 714,275 shares during the last quarter. Deprince Race & Zollo Inc. grew its position in Vishay Intertechnology by 94.0% during the second quarter. Deprince Race & Zollo Inc. now owns 3,129,207 shares of the semiconductor company’s stock worth $69,781,000 after buying an additional 1,516,368 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Vishay Intertechnology by 12.7% in the 2nd quarter. American Century Companies Inc. now owns 3,109,768 shares of the semiconductor company’s stock worth $69,348,000 after purchasing an additional 350,512 shares in the last quarter. Principal Financial Group Inc. lifted its position in Vishay Intertechnology by 1.2% in the third quarter. Principal Financial Group Inc. now owns 2,573,745 shares of the semiconductor company’s stock valued at $48,669,000 after purchasing an additional 30,515 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Vishay Intertechnology by 17.0% in the 3rd 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 in the last quarter. 93.66% of the stock is 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.