Vishay Intertechnology (NYSE:VSH) Sets New 12-Month Low - Here's What Happened

Vishay Intertechnology, Inc. (NYSE:VSH - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $10.35 and last traded at $10.60, with a volume of 5153463 shares changing hands. The stock had previously closed at $11.62.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on VSH shares. JPMorgan Chase & Co. began coverage on shares of Vishay Intertechnology in a report on Monday, December 16th. They set a "neutral" rating and a $19.00 target price for the company. StockNews.com raised Vishay Intertechnology from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th.

Vishay Intertechnology Stock Up 3.1 %

The company has a market cap of $1.56 billion, a PE ratio of -47.96 and a beta of 1.06. The company has a quick ratio of 1.73, a current ratio of 2.70 and a debt-to-equity ratio of 0.45. The company's fifty day moving average is $16.35 and its 200-day moving average is $17.01.

Vishay Intertechnology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.40 annualized dividend and a dividend yield of 3.48%. Vishay Intertechnology's payout ratio is -166.67%.

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Insider Buying and Selling

In other Vishay Intertechnology news, Chairman Marc Zandman sold 27,176 shares of the company's stock in a transaction that occurred 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 in the company, valued at $1,290,779.84. This represents a 26.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 8.14% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vishay Intertechnology

Several hedge funds have recently added to or reduced their stakes in the company. Wealthfront Advisers LLC bought a new stake in shares of Vishay Intertechnology in the 4th quarter valued at about $38,000. Blue Trust Inc. lifted its position in Vishay Intertechnology by 275.9% during the 4th quarter. Blue Trust Inc. now owns 2,710 shares of the semiconductor company's stock worth $46,000 after acquiring an additional 1,989 shares during the period. Sterling Capital Management LLC boosted its position in Vishay Intertechnology by 819.2% in the fourth 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 last quarter. IFP Advisors Inc boosted its holdings 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 valued at $74,000 after acquiring an additional 3,406 shares during the last quarter. Finally, Manchester Capital Management LLC grew its position in Vishay Intertechnology by 526.6% during the 4th quarter. Manchester Capital Management LLC now owns 7,175 shares of the semiconductor company's stock worth $122,000 after purchasing an additional 6,030 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.