Nuveen LLC Makes New Investment in Vishay Intertechnology, Inc. $VSH

Key Points

• Nuveen LLC has made a significant investment in Vishay Intertechnology, acquiring 336,061 shares valued at approximately $5.34 million, representing a 0.25% ownership stake.
• Vishay Intertechnology recently reported disappointing earnings, with a net loss of ($0.07) EPS for the quarter, missing analysts' estimates.
• The company has announced a quarterly dividend of $0.10 per share, yielding 2.6%, with the ex-dividend date set for September 11th.

Nuveen LLC acquired a new position in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 336,061 shares of the semiconductor company's stock, valued at approximately $5,343,000. Nuveen LLC owned 0.25% of Vishay Intertechnology as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Coldstream Capital Management Inc. grew its stake in Vishay Intertechnology by 6.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 11,090 shares of the semiconductor company's stock worth $188,000 after buying an additional 663 shares during the period. Covestor Ltd grew its stake in Vishay Intertechnology by 10.5% during the first quarter. Covestor Ltd now owns 12,131 shares of the semiconductor company's stock worth $193,000 after buying an additional 1,156 shares during the period. National Bank of Canada FI grew its stake in Vishay Intertechnology by 10.1% during the first quarter. National Bank of Canada FI now owns 16,123 shares of the semiconductor company's stock worth $257,000 after buying an additional 1,479 shares during the period. CWM LLC grew its stake in Vishay Intertechnology by 76.0% during the first quarter. CWM LLC now owns 3,473 shares of the semiconductor company's stock worth $55,000 after buying an additional 1,500 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in Vishay Intertechnology by 1.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 104,986 shares of the semiconductor company's stock worth $1,778,000 after buying an additional 1,767 shares during the period. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of 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, Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $19.00.

Insider Transactions at Vishay Intertechnology

In other Vishay Intertechnology news, Director Michael J. Cody bought 3,500 shares of the company's stock in a transaction on 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 acquisition, the director owned 60,169 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. 8.32% of the stock is owned by corporate insiders.

Vishay Intertechnology Stock Up 0.9%

VSH traded up $0.15 during trading on Thursday, hitting $15.69. The company had a trading volume of 882,371 shares, compared to its average volume of 2,038,540. The company has a market cap of $2.13 billion, a PE ratio of -24.13 and a beta of 1.13. The business has a 50-day moving average of $16.12 and a 200-day moving average of $15.40. 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 1-year low of $10.35 and a 1-year high of $20.60.

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 (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.09). The company had revenue of $762.25 million during the quarter, compared to analyst estimates of $756.07 million. Vishay Intertechnology had a negative net margin of 3.00% and a negative return on equity of 0.10%. The company's revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.17 earnings per share. As a group, analysts forecast that Vishay Intertechnology, Inc. will post 0.53 earnings per share for the current year.

Vishay Intertechnology Dividend Announcement

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