Vishay Intertechnology, Inc. $VSH Shares Bought by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC increased its holdings in Vishay Intertechnology by 110.0% during the first quarter, owning approximately $1.25 million worth of shares by the quarter's end.
• In the first quarter, several other institutional investors, including Jefferies Financial Group Inc. and GAMMA Investing LLC, significantly increased their stakes in Vishay Intertechnology, showing strong institutional interest in the company.
• The stock's consensus rating has been revised to "sell" from "hold" by Wall Street Zen, amidst concerns over its latest earnings report which showed a miss on EPS expectations.

Kovitz Investment Group Partners LLC raised its position in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 110.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 78,413 shares of the semiconductor company's stock after buying an additional 41,066 shares during the period. Kovitz Investment Group Partners LLC owned about 0.06% of Vishay Intertechnology worth $1,247,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in VSH. Public Sector Pension Investment Board grew its holdings in shares of Vishay Intertechnology by 27.0% during the first quarter. Public Sector Pension Investment Board now owns 356,278 shares of the semiconductor company's stock worth $5,665,000 after buying an additional 75,778 shares in the last quarter. Nuveen LLC purchased a new stake in Vishay Intertechnology during the 1st quarter valued at about $5,343,000. Entropy Technologies LP acquired a new stake in Vishay Intertechnology in the 1st quarter valued at about $258,000. Covestor Ltd lifted its stake in Vishay Intertechnology by 10.5% in the 1st quarter. Covestor Ltd now owns 12,131 shares of the semiconductor company's stock worth $193,000 after purchasing an additional 1,156 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Vishay Intertechnology by 443.2% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 346,855 shares of the semiconductor company's stock valued at $5,515,000 after purchasing an additional 283,000 shares in the last quarter. Hedge funds and other institutional investors own 93.66% of the company's stock.

Insider Buying and Selling

In other Vishay Intertechnology 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 price of $16.12 per share, with a total value of $56,420.00. Following the transaction, the director directly owned 60,169 shares of the company's stock, valued at approximately $969,924.28. This represents a 6.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Vishay Intertechnology Trading Down 1.8%

NYSE VSH traded down $0.2830 on Monday, reaching $15.2970. The stock had a trading volume of 992,388 shares, compared to its average volume of 2,099,611. The company has a quick ratio of 1.64, a current ratio of 2.70 and a debt-to-equity ratio of 0.44. The stock has a fifty day moving average price of $16.11 and a two-hundred day moving average price of $15.41. Vishay Intertechnology, Inc. has a 12-month low of $10.35 and a 12-month high of $20.91. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of -23.53 and a beta of 1.13.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.09). Vishay Intertechnology had a negative return on equity of 0.10% and a negative net margin of 3.00%.The firm had revenue of $762.25 million for the quarter, compared to analysts' expectations of $756.07 million. During the same quarter in the prior year, the business earned $0.17 earnings per share. The company's quarterly revenue was up 2.8% on a year-over-year basis. As a group, sell-side analysts forecast that Vishay Intertechnology, Inc. will post 0.53 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors 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 of this dividend is Thursday, September 11th. Vishay Intertechnology's dividend payout ratio is presently -61.54%.

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.