Vishay Intertechnology, Inc. $VSH Shares Acquired by Needham Investment Management LLC

Key Points

• Needham Investment Management LLC has increased its stake in Vishay Intertechnology by 3.7%, now owning 1,466,600 shares valued at approximately $23.32 million, making it the fund's 10th largest position.
• Vishay Intertechnology reported a quarterly loss with earnings per share of ($0.07), missing analyst expectations, despite a revenue increase of 2.8% to $762.25 million.
• The company announced a quarterly dividend of $0.10 per share, representing an annual yield of 2.6%, with the payment scheduled for September 25th.

Needham Investment Management LLC raised its position in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 3.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,466,600 shares of the semiconductor company's stock after purchasing an additional 52,500 shares during the quarter. Vishay Intertechnology makes up approximately 2.2% of Needham Investment Management LLC's holdings, making the stock its 10th biggest position. Needham Investment Management LLC owned about 1.08% of Vishay Intertechnology worth $23,319,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. lifted its holdings in shares of Vishay Intertechnology by 6.5% during the 1st quarter. American Century Companies Inc. now owns 4,088,369 shares of the semiconductor company's stock valued at $65,005,000 after buying an additional 249,522 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Vishay Intertechnology by 5.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,284,565 shares of the semiconductor company's stock valued at $36,325,000 after acquiring an additional 115,319 shares in the last quarter. Woodline Partners LP lifted its stake in Vishay Intertechnology by 148.5% in the fourth quarter. Woodline Partners LP now owns 1,770,791 shares of the semiconductor company's stock valued at $29,997,000 after acquiring an additional 1,058,173 shares during the last quarter. Bragg Financial Advisors Inc grew its position in Vishay Intertechnology by 43.0% in the first quarter. Bragg Financial Advisors Inc now owns 1,584,441 shares of the semiconductor company's stock worth $25,193,000 after acquiring an additional 476,372 shares in the last quarter. Finally, Systematic Financial Management LP increased its stake in shares of Vishay Intertechnology by 4.0% during the 1st quarter. Systematic Financial Management LP now owns 1,514,217 shares of the semiconductor company's stock worth $24,076,000 after purchasing an additional 58,466 shares during the last quarter. 93.66% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Michael J. Cody acquired 3,500 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were bought at an average price of $16.12 per share, for a total transaction of $56,420.00. Following the acquisition, the director owned 60,169 shares in the company, valued at $969,924.28. This trade represents a 6.18% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.32% of the stock is currently owned by company insiders.

Vishay Intertechnology Stock Performance

Shares of NYSE VSH traded down $0.14 during trading hours on Tuesday, hitting $15.25. 1,003,771 shares of the company's stock were exchanged, compared to its average volume of 1,256,833. The company's 50-day moving average price is $16.06 and its 200-day moving average price is $15.21. Vishay Intertechnology, Inc. has a 1-year low of $10.35 and a 1-year high of $20.15. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of -23.45 and a beta of 1.15. 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 (NYSE:VSH - Get Free Report) last issued 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 business had revenue of $762.25 million during the quarter, compared to the consensus estimate of $756.07 million. During the same period in the prior year, the firm earned $0.17 earnings per share. The business'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 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The business 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 is Thursday, September 11th. Vishay Intertechnology's dividend payout ratio is presently -61.54%.

Analysts Set New Price Targets

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 equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $19.00.

Vishay Intertechnology Company 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.