Hotchkis & Wiley Capital Management LLC Trims Stake in Vishay Intertechnology, Inc. $VSH

Key Points

• Hotchkis & Wiley Capital Management LLC reduced its stake in Vishay Intertechnology by 2.9%, owning 739,950 shares valued at approximately $11.77 million after selling 21,830 shares in the first quarter.
• Vishay Intertechnology reported a loss of $0.07 EPS for the most recent quarter, missing estimates, although its revenue of $762.25 million exceeded expectations.
• The company announced a quarterly dividend of $0.10 per share, with shareholders set to receive this on September 25th, yielding an annualized rate of 2.6%.

Hotchkis & Wiley Capital Management LLC cut its stake in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 2.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 739,950 shares of the semiconductor company's stock after selling 21,830 shares during the period. Hotchkis & Wiley Capital Management LLC owned 0.55% of Vishay Intertechnology worth $11,765,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in shares of Vishay Intertechnology by 1.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 104,986 shares of the semiconductor company's stock worth $1,778,000 after acquiring an additional 1,767 shares in the last quarter. Mariner LLC grew its stake in Vishay Intertechnology by 15.7% in the fourth quarter. Mariner LLC now owns 57,568 shares of the semiconductor company's stock worth $975,000 after purchasing an additional 7,815 shares during the period. Canada Pension Plan Investment Board bought a new position in Vishay Intertechnology in the fourth quarter worth $176,000. CANADA LIFE ASSURANCE Co lifted its position in Vishay Intertechnology by 44.1% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 115,764 shares of the semiconductor company's stock valued at $1,959,000 after buying an additional 35,413 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in shares of Vishay Intertechnology by 314.6% during the 4th quarter. Hsbc Holdings PLC now owns 47,859 shares of the semiconductor company's stock valued at $813,000 after buying an additional 36,316 shares in the last quarter. 93.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Vishay Intertechnology Stock Up 6.9%

Shares of NYSE:VSH opened at $15.5450 on Friday. The company has a current ratio of 2.70, a quick ratio of 1.64 and a debt-to-equity ratio of 0.44. The stock has a fifty day simple moving average of $16.12 and a two-hundred day simple moving average of $15.44. Vishay Intertechnology, Inc. has a 12-month low of $10.35 and a 12-month high of $20.91. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of -23.92 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) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.09). The company had revenue of $762.25 million during the quarter, compared to analysts' expectations of $756.07 million. Vishay Intertechnology had a negative return on equity of 0.10% and a negative net margin of 3.00%.The company's revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 earnings per share. On average, research analysts anticipate that Vishay Intertechnology, Inc. will post 0.53 earnings per share for the current fiscal year.

Vishay Intertechnology Dividend Announcement

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

Insider Transactions at Vishay Intertechnology

In other news, Director Michael J. Cody bought 3,500 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was acquired at an average cost of $16.12 per share, with a total value of $56,420.00. Following the completion of the acquisition, the director owned 60,169 shares of the company's stock, valued at approximately $969,924.28. This represents a 6.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.32% of the company's stock.

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.

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