Quantbot Technologies LP Reduces Holdings in Vishay Intertechnology, Inc. $VSH

Key Points

• Quantbot Technologies LP reduced its stake in Vishay Intertechnology, Inc. by 77.9% in Q1 2023, selling 16,325 shares to hold 4,618 shares valued at $73,000.
• Hsbc Holdings PLC increased its holdings in Vishay by 314.6% during the last quarter, owning 47,859 shares worth $813,000 after a significant purchase.
• The company announced a quarterly dividend of $0.10, with a dividend yield of 2.6%, and reported earnings per share of (-$0.07), missing estimates of $0.02.

Quantbot Technologies LP trimmed its holdings in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 77.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,618 shares of the semiconductor company's stock after selling 16,325 shares during the quarter. Quantbot Technologies LP's holdings in Vishay Intertechnology were worth $73,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of VSH. Coldstream Capital Management Inc. increased its stake in Vishay Intertechnology by 6.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 11,090 shares of the semiconductor company's stock valued at $188,000 after purchasing an additional 663 shares during the period. Covestor Ltd raised its stake in Vishay Intertechnology by 10.5% during the 1st quarter. Covestor Ltd now owns 12,131 shares of the semiconductor company's stock valued at $193,000 after acquiring an additional 1,156 shares during the last quarter. National Bank of Canada FI lifted its position in Vishay Intertechnology by 10.1% during the 1st quarter. National Bank of Canada FI now owns 16,123 shares of the semiconductor company's stock worth $257,000 after acquiring an additional 1,479 shares during the period. CWM LLC grew its stake in shares of Vishay Intertechnology by 76.0% in the 1st quarter. CWM LLC now owns 3,473 shares of the semiconductor company's stock valued at $55,000 after purchasing an additional 1,500 shares during the last quarter. Finally, New York State Teachers Retirement System increased its holdings in shares of Vishay Intertechnology by 1.2% in the first quarter. New York State Teachers Retirement System now owns 162,070 shares of the semiconductor company's stock valued at $2,577,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 93.66% of the company's stock.

Vishay Intertechnology Price Performance

NYSE:VSH traded down $0.06 during trading hours on Wednesday, hitting $14.79. The company's stock had a trading volume of 356,633 shares, compared to its average volume of 1,939,908. Vishay Intertechnology, Inc. has a 52-week low of $10.35 and a 52-week high of $20.15. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.64 and a current ratio of 2.70. The business's 50-day moving average is $16.11 and its two-hundred day moving average is $15.33. The company has a market capitalization of $2.01 billion, a PE ratio of -22.78 and a beta of 1.15.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $762.25 million for the quarter, compared to analyst estimates 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 for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $0.17 earnings per share. As a group, research analysts anticipate that Vishay Intertechnology, Inc. will post 0.53 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Thursday, September 11th. Vishay Intertechnology's dividend payout ratio (DPR) is presently -61.54%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Vishay Intertechnology from a "hold" rating to a "sell" rating in a research report on Sunday, August 17th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently 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 purchased 3,500 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were acquired at an average price of $16.12 per share, for a total transaction of $56,420.00. Following the acquisition, the director directly owned 60,169 shares in the company, valued at approximately $969,924.28. The trade was a 6.18% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.32% of the stock is owned by company insiders.

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.