Olstein Capital Management L.P. Sells 28,000 Shares of Vishay Intertechnology, Inc. (NYSE:VSH)

Olstein Capital Management L.P. lessened its holdings in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 20.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,000 shares of the semiconductor company's stock after selling 28,000 shares during the quarter. Olstein Capital Management L.P. owned 0.08% of Vishay Intertechnology worth $1,781,000 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. Norges Bank purchased a new stake in shares of Vishay Intertechnology during the 4th quarter worth approximately $143,719,000. Hood River Capital Management LLC purchased a new stake in Vishay Intertechnology in the fourth quarter worth $53,860,000. First Trust Advisors LP increased its position in Vishay Intertechnology by 34.5% in the fourth quarter. First Trust Advisors LP now owns 5,077,379 shares of the semiconductor company's stock worth $86,011,000 after buying an additional 1,301,383 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Vishay Intertechnology by 7.9% in the fourth quarter. Vanguard Group Inc. now owns 16,626,430 shares of the semiconductor company's stock valued at $281,652,000 after buying an additional 1,224,112 shares during the period. Finally, Woodline Partners LP lifted its position in shares of Vishay Intertechnology by 148.5% during the 4th quarter. Woodline Partners LP now owns 1,770,791 shares of the semiconductor company's stock valued at $29,997,000 after buying an additional 1,058,173 shares during the last quarter. 93.66% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Vishay Intertechnology

In other news, CFO David Mcconnell acquired 2,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was purchased at an average cost of $14.69 per share, for a total transaction of $29,380.00. Following the acquisition, the chief financial officer now owns 53,501 shares of the company's stock, valued at $785,929.69. This trade represents a 3.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Roy Shoshani purchased 10,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were acquired at an average cost of $14.95 per share, for a total transaction of $149,500.00. Following the completion of the purchase, the executive vice president now directly owns 106,550 shares of the company's stock, valued at approximately $1,592,922.50. This represents a 10.36% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 13,000 shares of company stock valued at $193,280 in the last quarter. Insiders own 8.32% of the company's stock.

Analyst Upgrades and Downgrades

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

Vishay Intertechnology Price Performance

Shares of NYSE VSH opened at $15.16 on Monday. The stock has a fifty day moving average of $13.22 and a 200-day moving average of $15.90. The stock has a market cap of $2.05 billion, a PE ratio of -63.17 and a beta of 1.09. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 2.70. Vishay Intertechnology, Inc. has a fifty-two week low of $10.35 and a fifty-two week high of $24.69.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.03). The firm had revenue of $715.24 million for the quarter, compared to the consensus estimate of $713.50 million. Vishay Intertechnology had a negative net margin of 1.06% and a positive return on equity of 3.06%. The company's revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 earnings per share. Equities research analysts anticipate that Vishay Intertechnology, Inc. will post 0.53 earnings per share for the current year.

Vishay Intertechnology Announces Dividend

The business 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 $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Wednesday, June 18th. Vishay Intertechnology's payout ratio is -81.63%.

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.

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