Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 443.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 346,855 shares of the semiconductor company's stock after buying an additional 283,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.26% of Vishay Intertechnology worth $5,515,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the stock. Hood River Capital Management LLC acquired a new stake in shares of Vishay Intertechnology in the fourth quarter valued at approximately $53,860,000. First Trust Advisors LP increased its holdings in 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 worth $86,011,000 after buying an additional 1,301,383 shares during the last quarter. Woodline Partners LP raised its position in Vishay Intertechnology by 148.5% during the fourth quarter. Woodline Partners LP now owns 1,770,791 shares of the semiconductor company's stock worth $29,997,000 after acquiring an additional 1,058,173 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. raised its position 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 worth $41,729,000 after acquiring an additional 1,009,042 shares in the last quarter. Finally, LMR Partners LLP bought a new stake in Vishay Intertechnology during the fourth quarter worth $8,470,000. 93.66% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, Director Michael J. Cody bought 3,500 shares of the stock in a transaction dated Wednesday, June 11th. The shares were bought at an average cost of $16.12 per share, with a total value of $56,420.00. Following the completion of the transaction, the director directly owned 60,169 shares of the company's stock, valued at $969,924.28. This trade represents a 6.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 8.32% of the company's stock.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of Vishay Intertechnology from a "sell" rating to a "hold" rating in a research report on Saturday.
Get Our Latest Research Report on Vishay Intertechnology
Vishay Intertechnology Stock Up 5.6%
VSH stock opened at $14.75 on Wednesday. The company has a market cap of $2.00 billion, a PE ratio of -22.69 and a beta of 1.13. The business has a 50-day simple moving average of $16.18 and a 200 day simple moving average of $15.53. Vishay Intertechnology, Inc. has a 52 week low of $10.35 and a 52 week high of $20.91. The company has a quick ratio of 1.64, a current ratio of 2.70 and a debt-to-equity ratio of 0.44.
Vishay Intertechnology (NYSE:VSH - Get Free Report) last issued its earnings results on Wednesday, August 6th. The semiconductor company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.09). Vishay Intertechnology had a negative return on equity of 0.10% and a negative net margin of 3.00%. The business had revenue of $762.25 million for the quarter, compared to analyst estimates of $756.07 million. During the same period in the previous year, the firm posted $0.17 EPS. The firm's revenue was up 2.8% compared to the same quarter last year. Sell-side analysts anticipate that Vishay Intertechnology, Inc. will post 0.53 EPS for the current fiscal year.
Vishay Intertechnology Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.7%. Vishay Intertechnology's payout ratio is -61.54%.
About Vishay Intertechnology
(
Free Report)
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.
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