Pinnacle Associates Ltd. Has $5.69 Million Position in Vishay Intertechnology, Inc. (NYSE:VSH)

Key Points

• Pinnacle Associates Ltd. reduced its holdings in Vishay Intertechnology by 6.6%, selling 25,163 shares and now owning 357,723 shares valued at approximately $5.7 million.
• Other institutional investors have increased their positions in Vishay Intertechnology, with Vanguard Group growing its stake by 7.9%, now owning 16.6 million shares worth about $281.7 million.
• Vishay Intertechnology reported a quarterly revenue of $715.24 million, slightly above analyst expectations, while posting a loss of $0.03 per share for the quarter.

Pinnacle Associates Ltd. decreased its position in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 357,723 shares of the semiconductor company's stock after selling 25,163 shares during the period. Pinnacle Associates Ltd. owned about 0.26% of Vishay Intertechnology worth $5,688,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Legato Capital Management LLC increased its holdings in shares of Vishay Intertechnology by 9.7% during the first quarter. Legato Capital Management LLC now owns 80,995 shares of the semiconductor company's stock worth $1,288,000 after buying an additional 7,141 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Vishay Intertechnology by 36.5% in the first quarter. Allianz Asset Management GmbH now owns 883,132 shares of the semiconductor company's stock valued at $14,042,000 after purchasing an additional 236,077 shares in the last quarter. Bernzott Capital Advisors increased its holdings in shares of Vishay Intertechnology by 5.1% in the first quarter. Bernzott Capital Advisors now owns 382,257 shares of the semiconductor company's stock valued at $6,078,000 after purchasing an additional 18,628 shares in the last quarter. Verdence Capital Advisors LLC acquired a new stake in shares of Vishay Intertechnology in the first quarter valued at approximately $499,000. Finally, Larson Financial Group LLC increased its holdings in shares of Vishay Intertechnology by 27,083.3% in the first quarter. Larson Financial Group LLC now owns 3,262 shares of the semiconductor company's stock valued at $52,000 after purchasing an additional 3,250 shares in the last quarter. Institutional investors and hedge funds own 93.66% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of 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, CFO David Mcconnell purchased 2,000 shares of Vishay Intertechnology stock in a transaction dated Monday, May 12th. The shares were bought at an average cost of $14.69 per share, with a total value of $29,380.00. Following the completion of the transaction, the chief financial officer directly owned 53,501 shares in the company, valued at $785,929.69. This trade represents a 3.88% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Roy Shoshani acquired 10,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was bought at an average cost of $14.95 per share, for a total transaction of $149,500.00. Following the completion of the transaction, the executive vice president directly owned 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. Insiders have bought a total of 16,750 shares of company stock valued at $253,568 over the last three months. 8.32% of the stock is currently owned by corporate insiders.

Vishay Intertechnology Trading Up 0.3%

VSH traded up $0.06 during trading on Friday, reaching $16.99. 1,532,773 shares of the company's stock were exchanged, compared to its average volume of 1,411,717. The company's fifty day moving average price is $15.88 and its 200-day moving average price is $15.62. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.79 and a current ratio of 2.80. Vishay Intertechnology, Inc. has a fifty-two week low of $10.35 and a fifty-two week high of $24.68. The firm has a market capitalization of $2.30 billion, a PE ratio of -34.66 and a beta of 1.12.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last released its earnings results on Wednesday, May 7th. The semiconductor company reported ($0.03) EPS for the quarter, hitting analysts' consensus estimates of ($0.03). Vishay Intertechnology had a negative net margin of 2.28% and a positive return on equity of 1.46%. The firm had revenue of $715.24 million during the quarter, compared to analyst estimates of $713.50 million. During the same quarter in the previous year, the business earned $0.22 EPS. The business's quarterly revenue was down 4.2% compared to the same quarter last year. As a group, equities analysts forecast that Vishay Intertechnology, Inc. will post 0.53 EPS for the current year.

Vishay Intertechnology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Wednesday, June 18th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.36%. Vishay Intertechnology's dividend payout ratio is -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.