Olstein Capital Management L.P. Cuts Stock Holdings in Vishay Intertechnology, Inc. (NYSE:VSH)

Olstein Capital Management L.P. lowered its position in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 20.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,000 shares of the semiconductor company's stock after selling 28,000 shares during the quarter. Olstein Capital Management L.P. owned approximately 0.08% of Vishay Intertechnology worth $1,781,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in VSH. Wealthfront Advisers LLC purchased a new stake in shares of Vishay Intertechnology during the fourth quarter worth approximately $38,000. Blue Trust Inc. lifted its stake in shares of Vishay Intertechnology by 275.9% in the fourth quarter. Blue Trust Inc. now owns 2,710 shares of the semiconductor company's stock worth $46,000 after buying an additional 1,989 shares in the last quarter. Sterling Capital Management LLC boosted its position in Vishay Intertechnology by 819.2% during the fourth quarter. Sterling Capital Management LLC now owns 3,980 shares of the semiconductor company's stock worth $67,000 after acquiring an additional 3,547 shares during the last quarter. IFP Advisors Inc grew its stake in Vishay Intertechnology by 351.1% during the 4th quarter. IFP Advisors Inc now owns 4,376 shares of the semiconductor company's stock valued at $74,000 after acquiring an additional 3,406 shares in the last quarter. Finally, Manchester Capital Management LLC raised its holdings in Vishay Intertechnology by 526.6% in the 4th quarter. Manchester Capital Management LLC now owns 7,175 shares of the semiconductor company's stock valued at $122,000 after acquiring an additional 6,030 shares during the last quarter. Institutional investors and hedge funds own 93.66% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut Vishay Intertechnology from a "hold" rating to a "sell" rating in a report on Saturday, May 10th.

Insider Transactions at Vishay Intertechnology

In other news, Director Michael J. Cody purchased 3,500 shares of the firm'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 now directly owns 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Roy Shoshani bought 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average cost of $14.95 per share, for a total transaction of $149,500.00. Following the purchase, the executive vice president now owns 106,550 shares in the company, valued at $1,592,922.50. This represents a 10.36% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 16,500 shares of company stock worth $249,700. 8.32% of the stock is currently owned by company insiders.

Vishay Intertechnology Trading Up 0.4%

Shares of VSH stock traded up $0.06 on Thursday, hitting $15.96. 1,502,721 shares of the stock traded hands, compared to its average volume of 1,810,749. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 2.70. The firm's 50-day moving average price is $13.36 and its two-hundred day moving average price is $15.89. Vishay Intertechnology, Inc. has a twelve month low of $10.35 and a twelve month high of $24.69. The stock has a market capitalization of $2.16 billion, a PE ratio of -66.50 and a beta of 1.09.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The firm had revenue of $715.24 million for the quarter, compared to analyst estimates of $713.50 million. Vishay Intertechnology had a negative net margin of 1.06% and a positive return on equity of 3.06%. The business's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 EPS. As a group, analysts anticipate that Vishay Intertechnology, Inc. will post 0.53 EPS for the current year.

Vishay Intertechnology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Wednesday, June 18th. Vishay Intertechnology's dividend payout ratio is presently -81.63%.

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.