Northern Trust Corp Sells 22,008 Shares of Vishay Intertechnology, Inc. $VSH

Key Points

• Northern Trust Corp reduced its stake in Vishay Intertechnology by 1.3%, selling 22,008 shares and holding about 1.21% of the company, valued at approximately $26 million.
• Vishay Intertechnology reported a loss of $0.07 per share for the quarter, missing expectations, despite revenue growth of 2.8% year-over-year, totaling $762.25 million.
• The company has declared a quarterly dividend of $0.10 per share, with a dividend yield of 2.6%, to be paid on September 25th.

Northern Trust Corp trimmed its stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 1.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,635,239 shares of the semiconductor company's stock after selling 22,008 shares during the quarter. Northern Trust Corp owned approximately 1.21% of Vishay Intertechnology worth $26,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Woodline Partners LP lifted its position in shares of Vishay Intertechnology by 148.5% in the 4th quarter. Woodline Partners LP now owns 1,770,791 shares of the semiconductor company's stock worth $29,997,000 after purchasing an additional 1,058,173 shares during the period. LMR Partners LLP bought a new position in Vishay Intertechnology during the fourth quarter worth $8,470,000. Invenomic Capital Management LP raised its stake in Vishay Intertechnology by 173.5% during the fourth quarter. Invenomic Capital Management LP now owns 669,874 shares of the semiconductor company's stock worth $11,348,000 after buying an additional 424,979 shares during the last quarter. Nuveen LLC acquired a new position in Vishay Intertechnology in the first quarter valued at $5,343,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in 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 buying an additional 283,000 shares during the period. 93.66% of the stock is owned by institutional investors and hedge funds.

Vishay Intertechnology Stock Up 1.1%

VSH traded up $0.17 during midday trading on Thursday, hitting $15.14. The company had a trading volume of 282,819 shares, compared to its average volume of 1,934,436. The stock's 50 day moving average price is $16.09 and its 200 day moving average price is $15.33. Vishay Intertechnology, Inc. has a 52 week low of $10.35 and a 52 week high of $20.15. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of -23.30 and a beta of 1.15. The company has a quick ratio of 1.64, a current ratio of 2.70 and a debt-to-equity ratio of 0.44.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last issued its 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 analyst estimates of $756.07 million. During the same quarter in the prior year, the business earned $0.17 earnings per share. The business's quarterly revenue was up 2.8% on a year-over-year basis. On average, research analysts anticipate that Vishay Intertechnology, Inc. will post 0.53 earnings per share for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.40 annualized dividend and a dividend yield of 2.6%. Vishay Intertechnology's payout ratio is currently -61.54%.

Insider Buying and Selling at Vishay Intertechnology

In other news, Director Michael J. Cody bought 3,500 shares of the stock in a transaction dated Wednesday, June 11th. The shares were bought at an average cost of $16.12 per share, with a total value of $56,420.00. Following the completion of the transaction, the director directly owned 60,169 shares of the company's stock, valued at $969,924.28. This trade represents a 6.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.32% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Vishay Intertechnology from a "hold" rating to a "sell" rating in a report on Sunday, August 17th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target 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.