Nuveen LLC Makes New $5.34 Million 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 stake in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 336,061 shares of the semiconductor company's stock, valued at approximately $5,343,000. Nuveen LLC owned about 0.25% of Vishay Intertechnology at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of VSH. Envestnet Asset Management Inc. lifted its stake in shares of Vishay Intertechnology by 1.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 104,986 shares of the semiconductor company's stock valued at $1,778,000 after purchasing an additional 1,767 shares during the last quarter. Mariner LLC lifted its stake in shares of Vishay Intertechnology by 15.7% in the 4th quarter. Mariner LLC now owns 57,568 shares of the semiconductor company's stock valued at $975,000 after purchasing an additional 7,815 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of Vishay Intertechnology by 44.1% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 115,764 shares of the semiconductor company's stock valued at $1,959,000 after purchasing an additional 35,413 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Vishay Intertechnology by 314.6% in the 4th quarter. Hsbc Holdings PLC now owns 47,859 shares of the semiconductor company's stock valued at $813,000 after purchasing an additional 36,316 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Vishay Intertechnology by 9.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 93,493 shares of the semiconductor company's stock worth $1,584,000 after buying an additional 8,324 shares during the period. 93.66% of the stock is owned by institutional investors.

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 investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $19.00.

Insider Buying and Selling

In other news, Director Michael J. Cody acquired 3,500 shares of Vishay Intertechnology 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 acquisition, 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.32% of the stock is owned by insiders.

Vishay Intertechnology Trading Down 1.8%

Shares of NYSE VSH traded down $0.28 during midday trading on Friday, hitting $15.41. The company's stock had a trading volume of 1,214,996 shares, compared to its average volume of 1,994,937. The company has a current ratio of 2.70, a quick ratio of 1.64 and a debt-to-equity ratio of 0.44. The business's 50 day moving average is $16.12 and its two-hundred day moving average is $15.36. Vishay Intertechnology, Inc. has a 12-month low of $10.35 and a 12-month high of $20.60. The firm has a market cap of $2.09 billion, a P/E ratio of -23.71 and a beta of 1.15.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.09). The business had revenue of $762.25 million during the quarter, compared to analysts' expectations of $756.07 million. Vishay Intertechnology had a negative return on equity of 0.10% and a negative net margin of 3.00%.The company's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 earnings per share. As a group, equities research analysts expect that Vishay Intertechnology, Inc. will post 0.53 EPS for the current year.

Vishay Intertechnology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be issued 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 (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.