Systematic Financial Management LP Has $24.08 Million Stake in Vishay Intertechnology, Inc. $VSH

Key Points

• Systematic Financial Management LP increased its holdings in Vishay Intertechnology by 4.0%, acquiring an additional 58,466 shares during the first quarter, bringing its total ownership to approximately 1.12% worth $24,076,000.
• Vishay Intertechnology recently had its stock rating downgraded from "hold" to "sell" by Wall Street Zen, while the average consensus target price remains at $19.00.
• The company reported a revenue increase of 2.8% year-over-year but posted a loss per share of ($0.07) for the last quarter, missing the consensus estimate by ($0.09).

Systematic Financial Management LP raised its position in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 4.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,514,217 shares of the semiconductor company's stock after purchasing an additional 58,466 shares during the quarter. Systematic Financial Management LP owned 1.12% of Vishay Intertechnology worth $24,076,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its position in shares of Vishay Intertechnology by 602.1% in the 1st quarter. GAMMA Investing LLC now owns 2,696 shares of the semiconductor company's stock worth $43,000 after acquiring an additional 2,312 shares in the last quarter. Larson Financial Group LLC boosted its position in Vishay Intertechnology by 27,083.3% during the 1st quarter. Larson Financial Group LLC now owns 3,262 shares of the semiconductor company's stock valued at $52,000 after purchasing an additional 3,250 shares during the period. CWM LLC raised its stake in Vishay Intertechnology by 76.0% during the 1st quarter. CWM LLC now owns 3,473 shares of the semiconductor company's stock valued at $55,000 after acquiring an additional 1,500 shares in the last quarter. Summit Securities Group LLC bought a new stake in Vishay Intertechnology during the 1st quarter valued at $126,000. Finally, State of Wyoming raised its stake in Vishay Intertechnology by 234.2% during the 4th quarter. State of Wyoming now owns 8,893 shares of the semiconductor company's stock valued at $151,000 after acquiring an additional 6,232 shares in the last quarter. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vishay Intertechnology

In other Vishay Intertechnology news, Director Michael J. Cody acquired 3,500 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was bought at an average cost of $16.12 per share, with a total value of $56,420.00. Following the completion of the transaction, the director directly owned 60,169 shares in the company, valued at approximately $969,924.28. This represents a 6.18% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.32% of the stock is owned by insiders.

Analyst Ratings Changes

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

Vishay Intertechnology Price Performance

Shares of VSH stock traded up $0.03 during trading hours on Thursday, hitting $15.57. The company had a trading volume of 323,426 shares, compared to its average volume of 1,956,266. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of -23.95 and a beta of 1.13. Vishay Intertechnology, Inc. has a 12 month low of $10.35 and a 12 month high of $20.60. The firm's fifty day moving average is $16.11 and its 200 day moving average is $15.41. 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 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 during the quarter, compared to analyst estimates of $756.07 million. Vishay Intertechnology had a negative net margin of 3.00% and a negative return on equity of 0.10%. 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 EPS. On average, sell-side analysts predict that Vishay Intertechnology, Inc. will post 0.53 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

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

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.