Vishay Intertechnology, Inc. $VSH Shares Sold by Rhumbline Advisers

Key Points

• Rhumbline Advisers reduced its stake in Vishay Intertechnology by 8.7%, selling 38,076 shares and holding 397,941 shares valued at approximately $6.3 million.
• Institutional ownership stands at 93.66%, with significant increases from several other investors, including Jefferies Financial Group, which raised its position by 336.5%.
• Vishay Intertechnology's latest earnings report revealed a net loss per share of $0.07, missing estimates, although revenue increased 2.8% year-over-year.

Rhumbline Advisers lowered its holdings in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 8.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 397,941 shares of the semiconductor company's stock after selling 38,076 shares during the quarter. Rhumbline Advisers owned 0.29% of Vishay Intertechnology worth $6,327,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in VSH. GAMMA Investing LLC increased its position in shares of Vishay Intertechnology by 602.1% in the first quarter. GAMMA Investing LLC now owns 2,696 shares of the semiconductor company's stock valued at $43,000 after buying an additional 2,312 shares in the last quarter. Larson Financial Group LLC increased its position 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 buying an additional 3,250 shares in the last quarter. CWM LLC increased its position in shares of Vishay Intertechnology by 76.0% in the first quarter. CWM LLC now owns 3,473 shares of the semiconductor company's stock valued at $55,000 after buying an additional 1,500 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Vishay Intertechnology in the first quarter valued at $126,000. Finally, Banque Transatlantique SA purchased a new position in shares of Vishay Intertechnology in the first quarter valued at $126,000. Hedge funds and other institutional investors own 93.66% of the company's stock.

Vishay Intertechnology Price Performance

Vishay Intertechnology stock traded down $0.17 during midday trading on Monday, reaching $15.09. 990,059 shares of the company were exchanged, compared to its average volume of 1,135,493. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of -23.21 and a beta of 1.15. The firm's 50-day simple moving average is $15.91 and its 200-day simple moving average is $15.13. Vishay Intertechnology, Inc. has a 1 year low of $10.35 and a 1 year 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.

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

Vishay Intertechnology Announces Dividend

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

Wall Street Analyst Weigh In

VSH has been the subject of a number of research analyst reports. Wall Street Zen upgraded Vishay Intertechnology from a "sell" rating to a "hold" rating in a research report on Saturday. Zacks Research upgraded Vishay Intertechnology from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $19.00.

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.