Rhumbline Advisers Sells 38,076 Shares of Vishay Intertechnology, Inc. $VSH

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 reduced its stake in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 8.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 397,941 shares of the semiconductor company's stock after selling 38,076 shares during the period. Rhumbline Advisers owned 0.29% of Vishay Intertechnology worth $6,327,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Woodline Partners LP grew its holdings in shares of Vishay Intertechnology by 142.4% during the first quarter. Woodline Partners LP now owns 4,292,204 shares of the semiconductor company's stock valued at $68,246,000 after buying an additional 2,521,413 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Vishay Intertechnology by 6.5% during the first quarter. American Century Companies Inc. now owns 4,088,369 shares of the semiconductor company's stock valued at $65,005,000 after buying an additional 249,522 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Vishay Intertechnology by 5.3% during 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. Bragg Financial Advisors Inc boosted its holdings in Vishay Intertechnology by 43.0% during the first quarter. Bragg Financial Advisors Inc now owns 1,584,441 shares of the semiconductor company's stock worth $25,193,000 after purchasing an additional 476,372 shares during the last quarter. Finally, Systematic Financial Management LP boosted its holdings in Vishay Intertechnology by 4.0% during the first quarter. Systematic Financial Management LP now owns 1,514,217 shares of the semiconductor company's stock worth $24,076,000 after purchasing an additional 58,466 shares during the last quarter. 93.66% of the stock is currently owned by institutional investors and hedge funds.

Vishay Intertechnology Stock Performance

Shares of NYSE VSH traded up $0.52 during midday trading on Thursday, hitting $15.70. The company's stock had a trading volume of 387,283 shares, compared to its average volume of 1,883,764. The stock has a fifty day moving average price of $15.82 and a 200 day moving average price of $15.13. Vishay Intertechnology, Inc. has a one year low of $10.35 and a one year high of $20.15. The company has a current ratio of 2.70, a quick ratio of 1.64 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of -24.16 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 (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.09). Vishay Intertechnology had a negative net margin of 3.00% and a negative return on equity of 0.10%. The business had revenue of $762.25 million during the quarter, compared to the consensus estimate of $756.07 million. During the same period last year, the firm earned $0.17 EPS. The business's revenue for the quarter was up 2.8% on a year-over-year basis. On average, research analysts forecast that Vishay Intertechnology, Inc. will post 0.53 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The firm 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 $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.40 annualized dividend and a dividend yield of 2.5%. Vishay Intertechnology's payout ratio is -61.54%.

Analyst Ratings Changes

Several research firms recently weighed in on VSH. Zacks Research upgraded shares of Vishay Intertechnology from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. Wall Street Zen upgraded shares of Vishay Intertechnology from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $19.00.

Vishay Intertechnology Profile

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.