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

Vishay Intertechnology, Inc. (NYSE:VSH - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $17.28 and last traded at $17.28, with a volume of 1773 shares changing hands. The stock had previously closed at $17.46.

Analysts Set New Price Targets

Separately, TD Cowen decreased their price objective on shares of Vishay Intertechnology from $24.00 to $22.00 and set a "hold" rating on the stock in a research note on Thursday, August 8th.

Vishay Intertechnology Price Performance

The stock has a fifty day moving average of $18.52 and a 200-day moving average of $21.12. The company has a quick ratio of 1.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $2.32 billion, a P/E ratio of 13.82 and a beta of 1.09.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. Vishay Intertechnology had a net margin of 5.48% and a return on equity of 8.72%. The business had revenue of $741.20 million during the quarter, compared to analyst estimates of $754.71 million. During the same quarter last year, the business posted $0.68 earnings per share. Vishay Intertechnology's revenue for the quarter was down 16.9% compared to the same quarter last year. Equities analysts predict that Vishay Intertechnology, Inc. will post 0.72 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 10th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Tuesday, September 10th. Vishay Intertechnology's payout ratio is 32.52%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Vishay Intertechnology by 5.0% in the first 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 in the last quarter. Deprince Race & Zollo Inc. increased its position in shares of Vishay Intertechnology by 94.0% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 3,129,207 shares of the semiconductor company's stock valued at $69,781,000 after buying an additional 1,516,368 shares in the last quarter. American Century Companies Inc. raised its stake in Vishay Intertechnology by 12.7% during the 2nd quarter. American Century Companies Inc. now owns 3,109,768 shares of the semiconductor company's stock worth $69,348,000 after buying an additional 350,512 shares during the period. Principal Financial Group Inc. raised its stake in Vishay Intertechnology by 1.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,573,745 shares of the semiconductor company's stock worth $48,669,000 after buying an additional 30,515 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Vishay Intertechnology by 11.8% in the second quarter. Bank of New York Mellon Corp now owns 1,647,693 shares of the semiconductor company's stock valued at $36,744,000 after acquiring an additional 174,149 shares during the period. 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.