Kovitz Investment Group Partners LLC Increases Position in Vishay Intertechnology, Inc. $VSH

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 lifted its stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 110.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,413 shares of the semiconductor company's stock after purchasing an additional 41,066 shares during the period. Kovitz Investment Group Partners LLC owned 0.06% of Vishay Intertechnology worth $1,247,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of 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 purchasing an additional 2,312 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of 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 purchasing an additional 3,250 shares during the last quarter. CWM LLC increased its stake in shares of 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 purchasing an additional 1,500 shares during the last quarter. Sterling Capital Management LLC increased its stake in shares of 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 purchasing an additional 3,547 shares during the last quarter. Finally, State of Wyoming grew its stake in Vishay Intertechnology by 234.2% in the 4th quarter. State of Wyoming now owns 8,893 shares of the semiconductor company's stock valued at $151,000 after buying an additional 6,232 shares in the last quarter. Hedge funds and other institutional investors own 93.66% of the company's stock.

Insider Activity

In related news, Director Michael J. Cody bought 3,500 shares of the business's stock in a transaction that occurred 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 transaction, the director 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.32% of the company's stock.

Analyst Upgrades and Downgrades

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

Vishay Intertechnology Price Performance

NYSE:VSH traded up $1.0050 during trading hours on Friday, hitting $15.5450. The stock had a trading volume of 2,066,274 shares, compared to its average volume of 2,073,003. The company has a 50 day simple moving average of $16.12 and a two-hundred day simple moving average of $15.44. 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 $20.91. The firm 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 announced 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 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 period in the previous year, the business earned $0.17 earnings per share. The firm's revenue for the quarter was up 2.8% on a year-over-year basis. Research analysts forecast that Vishay Intertechnology, Inc. will post 0.53 earnings per share for the current fiscal 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 issued a $0.10 dividend. 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 (DPR) 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.