Citigroup Inc. Has $3 Million Stock Holdings in Vishay Intertechnology, Inc. $VSH

Key Points

• Citigroup trimmed its stake in Vishay by 29.7% in Q3, selling 82,712 shares and ending the quarter with 195,998 shares worth about $3.0 million (0.14% of the company).
• Other institutions added to or initiated positions—Vanguard now holds 16.6 million shares (~$254.2M) and Norges Bank opened a roughly $84.5M position—leaving institutional ownership at about 93.66%.
• Vishay reported an EPS miss ( $0.01 vs. $0.02 expected) while revenue rose 12.1% to $800.9M, and the company announced a quarterly dividend of $0.10 (2.4% yield) with an ex-dividend date of March 12.

Citigroup Inc. lowered its position in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 29.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 195,998 shares of the semiconductor company's stock after selling 82,712 shares during the quarter. Citigroup Inc. owned 0.14% of Vishay Intertechnology worth $2,999,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Vishay Intertechnology by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 16,617,109 shares of the semiconductor company's stock valued at $254,242,000 after buying an additional 375,378 shares during the last quarter. Norges Bank acquired a new position in shares of Vishay Intertechnology during the 2nd quarter worth about $84,496,000. American Century Companies Inc. grew its holdings in shares of Vishay Intertechnology by 1.4% in the 2nd quarter. American Century Companies Inc. now owns 4,143,815 shares of the semiconductor company's stock valued at $65,804,000 after acquiring an additional 55,446 shares in the last quarter. Bragg Financial Advisors Inc increased its position in shares of Vishay Intertechnology by 11.3% in the second quarter. Bragg Financial Advisors Inc now owns 1,762,937 shares of the semiconductor company's stock valued at $27,995,000 after acquiring an additional 178,496 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in Vishay Intertechnology by 38.4% during the third quarter. Allianz Asset Management GmbH now owns 1,622,940 shares of the semiconductor company's stock worth $24,831,000 after acquiring an additional 450,474 shares in the last quarter. 93.66% of the stock is owned by institutional investors.

Vishay Intertechnology Price Performance

Shares of Vishay Intertechnology stock opened at $16.74 on Friday. The company has a quick ratio of 1.57, a current ratio of 2.62 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of -239.11 and a beta of 1.14. Vishay Intertechnology, Inc. has a twelve month low of $10.35 and a twelve month high of $22.00. The company has a 50-day simple moving average of $18.18 and a two-hundred day simple moving average of $16.22.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last released its earnings results on Wednesday, February 4th. The semiconductor company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). Vishay Intertechnology had a negative net margin of 0.29% and a negative return on equity of 0.32%. The company had revenue of $800.92 million for the quarter, compared to the consensus estimate of $790.47 million. The company's revenue for the quarter was up 12.1% on a year-over-year basis. Analysts forecast that Vishay Intertechnology, Inc. will post 0.53 EPS for the current year.

Vishay Intertechnology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.40 annualized dividend and a yield of 2.4%. Vishay Intertechnology's payout ratio is presently -571.43%.

Analyst Upgrades and Downgrades

VSH has been the topic of several analyst reports. Argus raised shares of Vishay Intertechnology to a "strong-buy" rating in a research report on Monday, February 9th. Zacks Research lowered shares of Vishay Intertechnology from a "hold" rating to a "strong sell" rating in a research note on Monday, February 9th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Vishay Intertechnology in a report on Wednesday, January 21st. JPMorgan Chase & Co. raised their target price on shares of Vishay Intertechnology from $14.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday, February 5th. Finally, Bank of America lifted their price target on Vishay Intertechnology from $14.00 to $16.00 and gave the stock an "underperform" rating in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Vishay Intertechnology currently has an average rating of "Reduce" and a consensus target price of $18.00.

Vishay Intertechnology Profile

Vishay Intertechnology, Inc is a global manufacturer of discrete semiconductors and passive electronic components, serving a wide range of industries including industrial, automotive, computing, consumer electronics, telecommunications, medical, and military/aerospace markets. The company's portfolio encompasses resistors, capacitors, inductors, sensors, diodes, rectifiers, MOSFETs and a variety of integrated circuit solutions. Vishay's components are used in power management, signal conditioning, circuit protection and sensing applications, supporting both standard and custom designs for original equipment manufacturers worldwide.

Originally founded in 1962 by Dr.

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