Dimensional Fund Advisors LP Sells 582,304 Shares of Vishay Intertechnology, Inc. $VSH

Key Points

• Dimensional Fund Advisors LP reduced its stake in Vishay Intertechnology by 7.1%, owning approximately 5.64% of the company valued at $121.5 million after selling over 582,000 shares.
• Multiple institutional investors, including QRG Capital Management and Jefferies Financial Group, reported significant increases in their holdings, while the overall institutional ownership reaches 93.66%.
• Vishay Intertechnology announced a quarterly dividend of $0.10 per share, with an annual yield of 2.8%, despite reporting a net loss of $0.07 per share in its latest earnings.

Dimensional Fund Advisors LP cut its holdings in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,643,262 shares of the semiconductor company's stock after selling 582,304 shares during the period. Dimensional Fund Advisors LP owned about 5.64% of Vishay Intertechnology worth $121,528,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in VSH. GAMMA Investing LLC boosted its position in Vishay Intertechnology by 602.1% during the 1st quarter. GAMMA Investing LLC now owns 2,696 shares of the semiconductor company's stock worth $43,000 after buying an additional 2,312 shares during the period. Larson Financial Group LLC boosted its position in Vishay Intertechnology by 27,083.3% during the 1st quarter. Larson Financial Group LLC now owns 3,262 shares of the semiconductor company's stock worth $52,000 after buying an additional 3,250 shares during the period. CWM LLC boosted its position in Vishay Intertechnology by 76.0% during the 1st quarter. CWM LLC now owns 3,473 shares of the semiconductor company's stock worth $55,000 after buying an additional 1,500 shares during the period. Sterling Capital Management LLC boosted its position in Vishay Intertechnology by 819.2% during the 4th quarter. Sterling Capital Management LLC now owns 3,980 shares of the semiconductor company's stock worth $67,000 after buying an additional 3,547 shares during the period. Finally, State of Wyoming boosted its position in Vishay Intertechnology by 234.2% during the 4th quarter. State of Wyoming now owns 8,893 shares of the semiconductor company's stock worth $151,000 after buying an additional 6,232 shares during the period. 93.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Vishay Intertechnology from a "hold" rating to a "sell" rating in a research report on Sunday, August 17th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Vishay Intertechnology presently has a consensus rating of "Hold" and an average target price of $19.00.

Vishay Intertechnology Trading Up 0.6%

Shares of NYSE:VSH traded up $0.09 during mid-day trading on Wednesday, hitting $15.52. The company had a trading volume of 1,429,741 shares, compared to its average volume of 2,048,471. The firm has a fifty day moving average price of $16.11 and a 200 day moving average price of $15.41. The company has a market capitalization of $2.10 billion, a PE ratio of -23.88 and a beta of 1.13. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.70 and a quick ratio of 1.64. Vishay Intertechnology, Inc. has a one year low of $10.35 and a one year high of $20.60.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $762.25 million during the quarter, compared to the consensus estimate of $756.07 million. Vishay Intertechnology had a negative net margin of 3.00% and a negative return on equity of 0.10%. The business's revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.17 EPS. As a group, research analysts forecast that Vishay Intertechnology, Inc. will post 0.53 EPS for the current year.

Vishay Intertechnology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be paid a $0.10 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.40 annualized dividend and a dividend yield of 2.6%. Vishay Intertechnology's payout ratio is currently -61.54%.

Insider Buying and Selling at Vishay Intertechnology

In related news, Director Michael J. Cody acquired 3,500 shares of the stock in a transaction dated Wednesday, June 11th. The stock was bought at an average price of $16.12 per share, for a total transaction of $56,420.00. Following the purchase, the director directly owned 60,169 shares of the company's stock, valued at $969,924.28. The trade was a 6.18% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.32% of the stock is owned by corporate insiders.

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.