Hsbc Holdings PLC Lowers Position in Vishay Intertechnology, Inc. $VSH

Key Points

• Hsbc Holdings PLC reduced its holdings in Vishay Intertechnology by 54.4%, selling 26,041 shares during the first quarter, bringing its total to 21,818 shares valued at $345,000.
• Vishay Intertechnology recently reported a loss of $0.07 per share for the quarter, missing estimates, but its revenue grew by 2.8% year-over-year, reaching $762.25 million.
• The firm announced a quarterly dividend of $0.10 per share with a payout ratio of -61.54%, set to be paid on September 25th.

Hsbc Holdings PLC decreased its stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 54.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 21,818 shares of the semiconductor company's stock after selling 26,041 shares during the period. Hsbc Holdings PLC's holdings in Vishay Intertechnology were worth $345,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Covestor Ltd boosted its position in shares of Vishay Intertechnology by 10.5% during the first quarter. Covestor Ltd now owns 12,131 shares of the semiconductor company's stock valued at $193,000 after purchasing an additional 1,156 shares in the last quarter. National Bank of Canada FI raised its stake in shares of Vishay Intertechnology by 10.1% in the first quarter. National Bank of Canada FI now owns 16,123 shares of the semiconductor company's stock worth $257,000 after purchasing an additional 1,479 shares during the last quarter. CWM LLC raised its stake in shares of Vishay Intertechnology by 76.0% in the first quarter. CWM LLC now owns 3,473 shares of the semiconductor company's stock worth $55,000 after purchasing an additional 1,500 shares during the last quarter. New York State Teachers Retirement System raised its stake in shares of Vishay Intertechnology by 1.2% in the first quarter. New York State Teachers Retirement System now owns 162,070 shares of the semiconductor company's stock worth $2,577,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Ellevest Inc. grew its holdings in shares of Vishay Intertechnology by 15.9% in the fourth quarter. Ellevest Inc. now owns 14,897 shares of the semiconductor company's stock worth $252,000 after acquiring an additional 2,046 shares during the period. Hedge funds and other institutional investors own 93.66% of the company's stock.

Analysts Set New Price Targets

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

Vishay Intertechnology Trading Down 1.2%

Shares of VSH stock traded down $0.19 on Tuesday, reaching $15.20. 111,230 shares of the company's stock were exchanged, compared to its average volume of 1,916,695. The company's fifty day simple moving average is $16.06 and its 200 day simple moving average is $15.21. The stock has a market capitalization of $2.06 billion, a PE ratio of -23.38 and a beta of 1.15. Vishay Intertechnology, Inc. has a 52 week low of $10.35 and a 52 week high of $20.15. The company has a current ratio of 2.70, a quick ratio of 1.64 and a debt-to-equity ratio of 0.44.

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). Vishay Intertechnology had a negative net margin of 3.00% and a negative return on equity of 0.10%. The firm had revenue of $762.25 million during the quarter, compared to the consensus estimate of $756.07 million. During the same quarter in the previous year, the firm earned $0.17 earnings per share. The business's revenue was up 2.8% compared to the same quarter last year. As a group, analysts forecast that Vishay Intertechnology, Inc. will post 0.53 EPS for the current year.

Vishay Intertechnology Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 2.6%. The ex-dividend date is Thursday, September 11th. Vishay Intertechnology's payout ratio is presently -61.54%.

Insiders Place Their Bets

In related news, Director Michael J. Cody bought 3,500 shares of the stock in a transaction dated Wednesday, June 11th. The shares were purchased at an average price of $16.12 per share, for a total transaction of $56,420.00. Following the completion of the purchase, the director directly owned 60,169 shares of the company's stock, valued at $969,924.28. This represents a 6.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.32% of the company's stock.

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.