Invenomic Capital Management LP Acquires 424,979 Shares of Vishay Intertechnology, Inc. (NYSE:VSH)

Invenomic Capital Management LP raised its holdings in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 173.5% during the fourth quarter, HoldingsChannel reports. The fund owned 669,874 shares of the semiconductor company’s stock after purchasing an additional 424,979 shares during the quarter. Invenomic Capital Management LP’s holdings in Vishay Intertechnology were worth $11,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in VSH. Norges Bank bought a new stake in shares of Vishay Intertechnology during the 4th quarter valued at $143,719,000. Hood River Capital Management LLC bought a new stake in shares of Vishay Intertechnology during the fourth quarter valued at about $53,860,000. First Trust Advisors LP lifted its holdings in shares of Vishay Intertechnology by 34.5% in the fourth quarter. First Trust Advisors LP now owns 5,077,379 shares of the semiconductor company’s stock worth $86,011,000 after buying an additional 1,301,383 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Vishay Intertechnology by 7.9% in the fourth quarter. Vanguard Group Inc. now owns 16,626,430 shares of the semiconductor company’s stock valued at $281,652,000 after acquiring an additional 1,224,112 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. grew its stake in Vishay Intertechnology by 69.4% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,463,334 shares of the semiconductor company’s stock valued at $41,729,000 after acquiring an additional 1,009,042 shares in the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Vishay Intertechnology Stock Up 2.2 %

Shares of NYSE VSH opened at $13.14 on Friday. The company has a current ratio of 2.70, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average of $14.17 and a 200-day moving average of $16.22. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of -54.75 and a beta of 1.06. Vishay Intertechnology, Inc. has a 12 month low of $10.35 and a 12 month high of $24.69.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). Vishay Intertechnology had a negative net margin of 1.06% and a positive return on equity of 3.06%. The firm had revenue of $715.24 million for the quarter, compared to analyst estimates of $713.50 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. Sell-side analysts expect that Vishay Intertechnology, Inc. will post 0.53 earnings per share for the current fiscal year.

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 issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Thursday, March 13th. Vishay Intertechnology’s payout ratio is currently -81.63%.

Insider Activity

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 value of $458,730.88. Following the completion of the sale, the chairman now owns 76,468 shares of the company’s stock, valued at $1,290,779.84. This represents a 26.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 8.32% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a research note on Saturday.

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.