Connor Clark & Lunn Investment Management Ltd. Has $5.52 Million Position in Vishay Intertechnology, Inc. (NYSE:VSH)

Key Points

• Connor Clark & Lunn Investment Management Ltd. significantly increased its stake in Vishay Intertechnology by 443.2%, owning approximately $5.52 million in stock as of the latest SEC filing.
• Multiple hedge funds have acquired or increased their holdings in Vishay Intertechnology recently, with 93.66% of the stock now held by institutional investors and hedge funds.
• Vishay Intertechnology announced a quarterly dividend of $0.10 per share, reflecting an annualized yield of 2.7%, despite a recent EPS miss of ($0.07) against estimates.

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 443.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 346,855 shares of the semiconductor company's stock after acquiring an additional 283,000 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.26% of Vishay Intertechnology worth $5,515,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in VSH. GAMMA Investing LLC lifted its stake in shares of Vishay Intertechnology by 602.1% during the first quarter. GAMMA Investing LLC now owns 2,696 shares of the semiconductor company's stock valued at $43,000 after acquiring an additional 2,312 shares during the period. Larson Financial Group LLC lifted its stake in shares of Vishay Intertechnology by 27,083.3% during the first quarter. Larson Financial Group LLC now owns 3,262 shares of the semiconductor company's stock valued at $52,000 after acquiring an additional 3,250 shares during the period. CWM LLC lifted its stake in shares of Vishay Intertechnology by 76.0% during the first quarter. CWM LLC now owns 3,473 shares of the semiconductor company's stock valued at $55,000 after acquiring an additional 1,500 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Vishay Intertechnology by 819.2% during the fourth quarter. Sterling Capital Management LLC now owns 3,980 shares of the semiconductor company's stock valued at $67,000 after acquiring an additional 3,547 shares during the period. Finally, State of Wyoming lifted its stake in shares of Vishay Intertechnology by 234.2% during the fourth quarter. State of Wyoming now owns 8,893 shares of the semiconductor company's stock valued at $151,000 after acquiring an additional 6,232 shares during the period. Institutional investors and hedge funds own 93.66% 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.

Vishay Intertechnology Trading Down 3.1%

NYSE:VSH traded down $0.47 during mid-day trading on Friday, hitting $14.85. The company had a trading volume of 1,016,464 shares, compared to its average volume of 2,140,740. Vishay Intertechnology, Inc. has a fifty-two week low of $10.35 and a fifty-two week high of $20.91. The business's fifty day moving average is $16.20 and its two-hundred day moving average is $15.51. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.64 and a current ratio of 2.70. The firm has a market cap of $2.01 billion, a P/E ratio of -22.85 and a beta of 1.13.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last released its earnings results on Wednesday, August 6th. The semiconductor company reported ($0.07) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $756.07 million. During the same period in the previous year, the company posted $0.17 EPS. The company's quarterly revenue was up 2.8% compared to the same quarter last year. As a group, research analysts expect that Vishay Intertechnology, Inc. will post 0.53 earnings per share for the current year.

Vishay Intertechnology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders 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 dividend yield of 2.7%. Vishay Intertechnology's dividend payout ratio (DPR) is currently -61.54%.

Insider Activity at Vishay Intertechnology

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 bought at an average price 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 in the company, valued at $969,924.28. This trade represents a 6.18% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.32% of the stock is currently owned by corporate insiders.

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.