Principal Financial Group Inc. Reduces Stake in Vishay Intertechnology, Inc. (NYSE:VSH)

Principal Financial Group Inc. lowered its stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 7.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,485,544 shares of the semiconductor company's stock after selling 205,893 shares during the period. Principal Financial Group Inc. owned 1.83% of Vishay Intertechnology worth $39,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealthfront Advisers LLC bought a new stake in Vishay Intertechnology in the fourth quarter worth $38,000. GAMMA Investing LLC boosted its stake in shares of Vishay Intertechnology by 602.1% during the first quarter. GAMMA Investing LLC now owns 2,696 shares of the semiconductor company's stock valued at $43,000 after purchasing an additional 2,312 shares during the period. Sterling Capital Management LLC boosted its stake in shares of Vishay Intertechnology by 819.2% during the fourth quarter. Sterling Capital Management LLC now owns 3,980 shares of the semiconductor company's stock valued at $67,000 after purchasing an additional 3,547 shares during the period. State of Wyoming boosted its stake in shares of Vishay Intertechnology by 234.2% during the fourth quarter. State of Wyoming now owns 8,893 shares of the semiconductor company's stock valued at $151,000 after purchasing an additional 6,232 shares during the period. Finally, Wolverine Trading LLC purchased a new stake in Vishay Intertechnology in the fourth quarter worth about $171,000. Institutional investors own 93.66% of the company's stock.

Insiders Place Their Bets

In other news, Director Michael J. Cody bought 3,500 shares of Vishay Intertechnology stock in a transaction on Wednesday, June 11th. The stock was acquired at an average cost of $16.12 per share, for a total transaction of $56,420.00. Following the completion of the acquisition, the director 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 filing with the SEC, which can be accessed through the SEC website. Also, CFO David Mcconnell acquired 2,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were bought at an average price of $14.69 per share, for a total transaction of $29,380.00. Following the acquisition, the chief financial officer owned 53,501 shares of the company's stock, valued at approximately $785,929.69. This represents a 3.88% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 16,750 shares of company stock worth $253,568. 8.32% of the stock is owned by corporate insiders.

Vishay Intertechnology Stock Up 1.8%

NYSE:VSH traded up $0.31 during mid-day trading on Thursday, reaching $17.92. The company's stock had a trading volume of 1,450,531 shares, compared to its average volume of 1,861,103. The firm has a market capitalization of $2.43 billion, a PE ratio of -36.57 and a beta of 1.12. The company has a quick ratio of 1.79, a current ratio of 2.80 and a debt-to-equity ratio of 0.49. The stock has a fifty day moving average of $15.06 and a 200-day moving average of $15.62. Vishay Intertechnology, Inc. has a 1 year low of $10.35 and a 1 year high of $24.69.

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

Vishay Intertechnology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, June 18th were issued a $0.10 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.40 dividend on an annualized basis and a yield of 2.23%. Vishay Intertechnology's dividend payout ratio is presently -81.63%.

Analysts Set New Price Targets

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

About Vishay Intertechnology

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.