Russell Investments Group Ltd. Sells 35,650 Shares of Vishay Intertechnology, Inc. $VSH

Key Points

• Russell Investments Group Ltd. has sold 35,650 shares of Vishay Intertechnology, decreasing its stake by 5.3% to 639,569 shares, valued at approximately $10.17 million.
• Vishay's quarterly revenue increased by 2.8% year-over-year, although it reported a loss of ($0.07) EPS, missing analysts' expectations.
• Institutional investors own 93.66% of Vishay Intertechnology's stock, with recent significant stake increases from GAMMA Investing LLC and Larson Financial Group LLC.

Russell Investments Group Ltd. reduced its holdings in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 639,569 shares of the semiconductor company's stock after selling 35,650 shares during the quarter. Russell Investments Group Ltd. owned 0.47% of Vishay Intertechnology worth $10,169,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Envestnet Asset Management Inc. raised its position in Vishay Intertechnology by 1.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 104,986 shares of the semiconductor company's stock valued at $1,778,000 after purchasing an additional 1,767 shares during the last quarter. Legal & General Group Plc raised its position in Vishay Intertechnology by 52.9% in the fourth quarter. Legal & General Group Plc now owns 322,164 shares of the semiconductor company's stock valued at $5,457,000 after purchasing an additional 111,452 shares during the last quarter. Sterling Capital Management LLC raised its position in Vishay Intertechnology by 819.2% in the fourth quarter. Sterling Capital Management LLC now owns 3,980 shares of the semiconductor company's stock valued at $67,000 after purchasing an additional 3,547 shares during the last quarter. Mariner LLC raised its position in Vishay Intertechnology by 15.7% in the fourth quarter. Mariner LLC now owns 57,568 shares of the semiconductor company's stock valued at $975,000 after purchasing an additional 7,815 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Vishay Intertechnology in the fourth quarter valued at about $176,000. 93.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Michael J. Cody acquired 3,500 shares of Vishay Intertechnology stock in a transaction on Wednesday, June 11th. The stock was purchased at an average price of $16.12 per share, with a total value of $56,420.00. Following the completion of the purchase, the director owned 60,169 shares of the company's stock, valued at approximately $969,924.28. The trade was a 6.18% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.32% of the company's stock.

Vishay Intertechnology Stock Up 6.9%

Vishay Intertechnology stock traded up $1.0050 during mid-day trading on Friday, reaching $15.5450. The stock had a trading volume of 2,066,274 shares, compared to its average volume of 2,099,611. 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, Inc. has a fifty-two week low of $10.35 and a fifty-two week high of $20.91. The stock's 50-day simple moving average is $16.12 and its 200-day simple moving average is $15.42. The firm has a market capitalization of $2.11 billion, a PE ratio of -23.92 and a beta of 1.13.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last announced 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 net margin of 3.00% and a negative return on equity of 0.10%. The firm had revenue of $762.25 million during the quarter, compared to analyst estimates of $756.07 million. During the same period last year, the business posted $0.17 EPS. The company's revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts forecast that Vishay Intertechnology, Inc. will post 0.53 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The company also recently disclosed 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 2.6%. The ex-dividend date of this dividend is Thursday, September 11th. Vishay Intertechnology's dividend payout ratio (DPR) is -61.54%.

Analyst Upgrades and Downgrades

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