Invenomic Capital Management LP Purchases Shares of 69,865 Vishay Intertechnology, Inc. (NYSE:VSH)

Invenomic Capital Management LP purchased a new stake in Vishay Intertechnology, Inc. (NYSE:VSH – Get Rating) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 69,865 shares of the semiconductor company’s stock, valued at approximately $1,528,000.

Other institutional investors also recently made changes to their positions in the company. Millennium Management LLC grew its position in shares of Vishay Intertechnology by 15.0% during the third quarter. Millennium Management LLC now owns 3,212,652 shares of the semiconductor company’s stock worth $64,542,000 after acquiring an additional 419,785 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Vishay Intertechnology by 183.9% during the third quarter. Renaissance Technologies LLC now owns 586,625 shares of the semiconductor company’s stock worth $11,785,000 after acquiring an additional 380,000 shares during the last quarter. Pinnacle Associates Ltd. grew its position in shares of Vishay Intertechnology by 32.7% during the fourth quarter. Pinnacle Associates Ltd. now owns 1,230,978 shares of the semiconductor company’s stock worth $26,921,000 after acquiring an additional 303,132 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Vishay Intertechnology during the fourth quarter worth approximately $6,003,000. Finally, Royce & Associates LP grew its position in shares of Vishay Intertechnology by 7.2% during the fourth quarter. Royce & Associates LP now owns 3,890,271 shares of the semiconductor company’s stock worth $85,080,000 after acquiring an additional 259,716 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Shares of NYSE VSH traded down $0.13 during mid-day trading on Friday, hitting $19.58. 995,267 shares of the company were exchanged, compared to its average volume of 896,297. The company has a quick ratio of 2.17, a current ratio of 3.06 and a debt-to-equity ratio of 0.25. The stock has a 50 day simple moving average of $19.18 and a 200-day simple moving average of $20.10. Vishay Intertechnology, Inc. has a 1-year low of $17.57 and a 1-year high of $24.46. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 8.63, a price-to-earnings-growth ratio of 0.32 and a beta of 1.29.

Vishay Intertechnology (NYSE:VSH – Get Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The semiconductor company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.13. The firm had revenue of $853.79 million during the quarter, compared to the consensus estimate of $844.14 million. Vishay Intertechnology had a return on equity of 21.51% and a net margin of 9.91%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the company earned $0.46 earnings per share. Analysts anticipate that Vishay Intertechnology, Inc. will post 2.68 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 30th. Investors of record on Thursday, March 17th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Wednesday, March 16th. Vishay Intertechnology’s dividend payout ratio is currently 17.62%.

A number of brokerages have recently issued reports on VSH. Zacks Investment Research upgraded shares of Vishay Intertechnology from a “sell” rating to a “hold” rating and set a $21.00 target price on the stock in a research report on Friday, February 11th. StockNews.com initiated coverage on Vishay Intertechnology in a report on Thursday, March 31st. They set a “buy” rating for the company.

Vishay Intertechnology Profile (Get Rating)

Vishay Intertechnology, Inc manufactures and supplies discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. It operates through six segments: Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors.

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