Public Sector Pension Investment Board Grows Stake in Vishay Intertechnology, Inc. $VSH

Key Points

• The Public Sector Pension Investment Board increased its stake in Vishay Intertechnology by 27%, owning 356,278 shares valued at approximately $5.67 million.
• Vishay Intertechnology reported a loss of $0.07 earnings per share in its latest quarterly results, missing analysts' estimates, despite a 2.8% year-over-year revenue increase.
• The company will pay a quarterly dividend of $0.10 per share on September 25th, representing an annualized yield of 2.7%.

Public Sector Pension Investment Board raised its stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 27.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 356,278 shares of the semiconductor company's stock after buying an additional 75,778 shares during the quarter. Public Sector Pension Investment Board owned about 0.26% of Vishay Intertechnology worth $5,665,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. First Trust Advisors LP raised its stake in Vishay Intertechnology by 34.5% during the fourth quarter. First Trust Advisors LP now owns 5,077,379 shares of the semiconductor company's stock valued at $86,011,000 after buying an additional 1,301,383 shares during the last quarter. Hood River Capital Management LLC purchased a new position in shares of Vishay Intertechnology in the fourth quarter worth $53,860,000. Van Lanschot Kempen Investment Management N.V. raised its stake in shares of Vishay Intertechnology by 69.4% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,463,334 shares of the semiconductor company's stock worth $41,729,000 after purchasing an additional 1,009,042 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Vishay Intertechnology by 5.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,284,565 shares of the semiconductor company's stock worth $36,325,000 after purchasing an additional 115,319 shares during the last quarter. Finally, Woodline Partners LP raised its stake in shares of Vishay Intertechnology by 148.5% in the fourth quarter. Woodline Partners LP now owns 1,770,791 shares of the semiconductor company's stock worth $29,997,000 after purchasing an additional 1,058,173 shares during the last quarter. Hedge funds and other institutional investors own 93.66% of the company's stock.

Vishay Intertechnology Stock Performance

NYSE:VSH traded up $0.9380 during mid-day trading on Friday, hitting $15.4780. 497,519 shares of the company traded hands, compared to its average volume of 1,965,377. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of -23.81 and a beta of 1.13. The company has a quick ratio of 1.64, a current ratio of 2.70 and a debt-to-equity ratio of 0.44. The stock's fifty day moving average price is $16.11 and its 200-day moving average price is $15.46. Vishay Intertechnology, Inc. has a one year low of $10.35 and a one year high of $20.91.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.09). The business had revenue of $762.25 million during the quarter, compared to the consensus estimate of $756.07 million. Vishay Intertechnology had a negative return on equity of 0.10% and a negative net margin of 3.00%.The business's revenue was up 2.8% on a year-over-year basis. During the same period last year, the company earned $0.17 EPS. Research analysts anticipate that Vishay Intertechnology, Inc. will post 0.53 earnings per share for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Thursday, September 11th. Vishay Intertechnology's payout ratio is currently -61.54%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Vishay Intertechnology from a "hold" rating to a "sell" rating in a report on Sunday, August 17th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $19.00.

Insider Activity at Vishay Intertechnology

In other news, Director Michael J. Cody bought 3,500 shares of the firm's stock in a transaction that occurred 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 transaction, the director owned 60,169 shares of the company's stock, valued at approximately $969,924.28. This represents a 6.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 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.