Hsbc Holdings PLC Lowers Stake 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 position in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 54.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,818 shares of the semiconductor company's stock after selling 26,041 shares during the quarter. Hsbc Holdings PLC's holdings in Vishay Intertechnology were worth $345,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Covestor Ltd lifted its holdings in Vishay Intertechnology by 10.5% in the first quarter. Covestor Ltd now owns 12,131 shares of the semiconductor company's stock valued at $193,000 after acquiring an additional 1,156 shares during the period. National Bank of Canada FI raised its holdings in Vishay Intertechnology by 10.1% in the 1st 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 period. CWM LLC grew its position 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 valued at $55,000 after purchasing an additional 1,500 shares in the last quarter. New York State Teachers Retirement System lifted its stake in Vishay Intertechnology by 1.2% during 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 in the last quarter. Finally, Ellevest Inc. raised its stake in Vishay Intertechnology by 15.9% in the fourth quarter. Ellevest Inc. now owns 14,897 shares of the semiconductor company's stock valued at $252,000 after buying an additional 2,046 shares in the last quarter. Institutional investors own 93.66% of the company's stock.

Analyst Ratings Changes

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, According to MarketBeat, Vishay Intertechnology has an average rating of "Hold" and a consensus price target of $19.00.

Vishay Intertechnology Price Performance

Shares of VSH stock traded down $0.23 during trading hours on Monday, hitting $15.33. 496,546 shares of the company's stock were exchanged, compared to its average volume of 1,923,720. The business's 50 day simple moving average is $16.08 and its 200-day simple moving average is $15.23. 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 company has a market capitalization of $2.08 billion, a PE ratio of -23.58 and a beta of 1.15. Vishay Intertechnology, Inc. has a 12-month low of $10.35 and a 12-month high of $20.15.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.09). The firm had revenue of $762.25 million for 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 firm's revenue was up 2.8% on a year-over-year basis. During the same period last year, the company earned $0.17 earnings per share. On average, equities research analysts anticipate that Vishay Intertechnology, Inc. will post 0.53 earnings per share for the current year.

Vishay Intertechnology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be given a $0.10 dividend. 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 is -61.54%.

Insider Activity at Vishay Intertechnology

In other news, Director Michael J. Cody purchased 3,500 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was bought at an average cost of $16.12 per share, for a total transaction of $56,420.00. Following the completion of the acquisition, the director directly owned 60,169 shares of the company's stock, valued at approximately $969,924.28. The trade was a 6.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.