Natixis Advisors LLC Takes $274,000 Position in Vishay Intertechnology, Inc. (NYSE:VSH)

Key Points

• Natixis Advisors LLC has acquired a new stake in Vishay Intertechnology, Inc., purchasing 17,224 shares valued at approximately $274,000.
• Vishay Intertechnology's stock recently saw an increase of 5.6% and reported quarterly earnings with a negative earnings per share of ($0.07), missing analyst expectations.
• The firm declared a quarterly dividend of $0.10 per share, representing a 2.7% yield for investors.

Natixis Advisors LLC acquired a new stake in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 17,224 shares of the semiconductor company's stock, valued at approximately $274,000.

Several other hedge funds have also modified their holdings of VSH. Envestnet Asset Management Inc. raised its stake in shares of Vishay Intertechnology by 1.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 104,986 shares of the semiconductor company's stock valued at $1,778,000 after acquiring an additional 1,767 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Vishay Intertechnology by 52.9% in the fourth quarter. Legal & General Group Plc now owns 322,164 shares of the semiconductor company's stock valued at $5,457,000 after acquiring an additional 111,452 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of Vishay Intertechnology by 819.2% in the fourth quarter. Sterling Capital Management LLC now owns 3,980 shares of the semiconductor company's stock valued at $67,000 after acquiring an additional 3,547 shares in the last quarter. Mariner LLC raised its stake in shares of Vishay Intertechnology by 15.7% in the fourth quarter. Mariner LLC now owns 57,568 shares of the semiconductor company's stock valued at $975,000 after acquiring an additional 7,815 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Vishay Intertechnology in the fourth quarter valued at $176,000. 93.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Vishay Intertechnology from a "sell" rating to a "hold" rating in a research note on Saturday.

Insiders Place Their Bets

In other Vishay Intertechnology news, Director Michael J. Cody purchased 3,500 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were bought at an average cost 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 in the company, valued at approximately $969,924.28. This represents a 6.18% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.32% of the stock is currently owned by corporate insiders.

Vishay Intertechnology Stock Up 5.6%

Vishay Intertechnology stock opened at $14.75 on Wednesday. Vishay Intertechnology, Inc. has a 1-year low of $10.35 and a 1-year high of $20.91. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.70 and a quick ratio of 1.64. The stock has a market cap of $2.00 billion, a PE ratio of -22.69 and a beta of 1.13. The stock's fifty day moving average is $16.18 and its two-hundred day moving average is $15.53.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $762.25 million during the quarter, compared to analyst estimates of $756.07 million. During the same quarter in the prior year, the business earned $0.17 earnings per share. The firm's quarterly revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts expect that Vishay Intertechnology, Inc. will post 0.53 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The firm 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 $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.7%. Vishay Intertechnology's dividend payout ratio is presently -61.54%.

About Vishay Intertechnology

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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