Principal Financial Group Inc. Cuts Stock Position in Vishay Intertechnology, Inc. (NYSE:VSH)

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

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Atria Investments Inc boosted its holdings in shares of Vishay Intertechnology by 3.2% during the fourth quarter. Atria Investments Inc now owns 18,790 shares of the semiconductor company's stock worth $318,000 after acquiring an additional 590 shares during the period. Coldstream Capital Management Inc. raised its stake in Vishay Intertechnology by 6.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 11,090 shares of the semiconductor company's stock worth $188,000 after buying an additional 663 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Vishay Intertechnology by 3.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 20,010 shares of the semiconductor company's stock worth $339,000 after buying an additional 714 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Vishay Intertechnology by 1.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 104,986 shares of the semiconductor company's stock valued at $1,778,000 after buying an additional 1,767 shares during the last quarter. Finally, Foundry Partners LLC boosted its stake in Vishay Intertechnology by 10.6% in the fourth quarter. Foundry Partners LLC now owns 20,128 shares of the semiconductor company's stock valued at $341,000 after acquiring an additional 1,921 shares during the last quarter. 93.66% of the stock is owned by institutional investors and hedge funds.

Vishay Intertechnology Stock Up 4.2%

Vishay Intertechnology stock traded up $0.70 during trading hours on Tuesday, hitting $17.34. The stock had a trading volume of 1,589,131 shares, compared to its average volume of 1,855,632. 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's 50-day moving average price is $14.88 and its 200-day moving average price is $15.59. Vishay Intertechnology, Inc. has a 12-month low of $10.35 and a 12-month high of $24.69. The stock has a market capitalization of $2.35 billion, a P/E ratio of -35.39 and a beta of 1.12.

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, meeting 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 company had revenue of $715.24 million for the quarter, compared to the consensus estimate of $713.50 million. During the same period in the previous year, the firm posted $0.22 EPS. Vishay Intertechnology's revenue for the quarter was down 4.2% compared to the same quarter last year. Equities research analysts anticipate that Vishay Intertechnology, Inc. will post 0.53 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Wednesday, June 18th. Vishay Intertechnology's dividend payout ratio (DPR) is -81.63%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, Director Michael J. Cody bought 3,500 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was bought at an average cost of $16.12 per share, for a total transaction of $56,420.00. Following the purchase, the director directly owned 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 SEC, which is accessible through this hyperlink. Also, EVP Roy Shoshani acquired 10,000 shares of the company's stock in a transaction dated 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 directly owned 106,550 shares in the company, valued at approximately $1,592,922.50. This trade represents a 10.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 16,750 shares of company stock worth $253,568. Corporate insiders own 8.32% of the company's stock.

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.