American Century Companies Inc. Raises Holdings in Vishay Intertechnology, Inc. $VSH

Key Points

• American Century Companies Inc. increased its stake in Vishay Intertechnology, Inc. by 6.5% during the 1st quarter, now owning 3.02% of the company valued at approximately $65 million.
• Vishay Intertechnology reported a quarterly loss with earnings per share (EPS) of ($0.07), missing analysts' estimates, despite having revenue up 2.8% year-over-year.
• The company recently announced a $0.10 per share dividend, representing a yield of 2.7%, with shareholders to receive the payment on September 25th.

American Century Companies Inc. grew its holdings in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 6.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,088,369 shares of the semiconductor company's stock after purchasing an additional 249,522 shares during the period. American Century Companies Inc. owned about 3.02% of Vishay Intertechnology worth $65,005,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. First Trust Advisors LP increased its stake in shares of Vishay Intertechnology by 34.5% during the fourth quarter. First Trust Advisors LP now owns 5,077,379 shares of the semiconductor company's stock valued at $86,011,000 after buying an additional 1,301,383 shares during the period. QRG Capital Management Inc. increased its stake in shares of Vishay Intertechnology by 79.3% during the first quarter. QRG Capital Management Inc. now owns 25,399 shares of the semiconductor company's stock valued at $404,000 after buying an additional 11,236 shares during the period. Jefferies Financial Group Inc. increased its stake in shares of Vishay Intertechnology by 336.5% during the first quarter. Jefferies Financial Group Inc. now owns 44,530 shares of the semiconductor company's stock valued at $708,000 after buying an additional 34,329 shares during the period. GAMMA Investing LLC increased its stake in shares of Vishay Intertechnology by 11,063.0% during the first quarter. GAMMA Investing LLC now owns 42,866 shares of the semiconductor company's stock valued at $682,000 after buying an additional 42,482 shares during the period. Finally, New York State Teachers Retirement System increased its stake in shares of Vishay Intertechnology by 1.2% during the first quarter. New York State Teachers Retirement System now owns 162,070 shares of the semiconductor company's stock valued at $2,577,000 after buying an additional 2,000 shares during the period. Hedge funds and other institutional investors own 93.66% of the company's stock.

Insiders Place Their Bets

In other Vishay Intertechnology news, Director Michael J. Cody purchased 3,500 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were acquired at an average price of $16.12 per share, for a total transaction of $56,420.00. Following the completion of the purchase, the director owned 60,169 shares of the company's stock, valued at approximately $969,924.28. The trade was a 6.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.32% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Vishay Intertechnology from a "hold" rating to a "sell" rating in a research note on Sunday, August 17th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $19.00.

Vishay Intertechnology Stock Up 6.9%

VSH stock traded up $1.0050 during trading on Friday, reaching $15.5450. 2,066,274 shares of the company traded hands, compared to its average volume of 2,099,611. Vishay Intertechnology, Inc. has a 12 month low of $10.35 and a 12 month high of $20.91. The business has a 50 day simple moving average of $16.12 and a 200 day simple moving average of $15.42. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of -23.92 and a beta of 1.13. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.64 and a current ratio of 2.70.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.09). Vishay Intertechnology had a negative net margin of 3.00% and a negative return on equity of 0.10%. The company had revenue of $762.25 million for the quarter, compared to the consensus estimate of $756.07 million. During the same period in the previous year, the business earned $0.17 EPS. Vishay Intertechnology's revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Vishay Intertechnology, Inc. will post 0.53 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.40 dividend on an annualized basis and a yield of 2.6%. Vishay Intertechnology's dividend payout ratio (DPR) is presently -61.54%.

Vishay Intertechnology 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.