Systematic Financial Management LP Purchases 58,466 Shares of 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 shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 4.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in VSH. GAMMA Investing LLC lifted its holdings in Vishay Intertechnology by 602.1% during the first quarter. GAMMA Investing LLC now owns 2,696 shares of the semiconductor company's stock valued at $43,000 after purchasing an additional 2,312 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Vishay Intertechnology by 27,083.3% during the first 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 in the last quarter. CWM LLC lifted its holdings in Vishay Intertechnology by 76.0% during the first 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 in the last quarter. Summit Securities Group LLC purchased a new position in Vishay Intertechnology during the first quarter valued at approximately $126,000. Finally, State of Wyoming lifted its holdings in Vishay Intertechnology by 234.2% during the fourth quarter. State of Wyoming now owns 8,893 shares of the semiconductor company's stock valued at $151,000 after purchasing an additional 6,232 shares in the last quarter. Hedge funds and other institutional investors own 93.66% of the company's stock.

Vishay Intertechnology Price Performance

Vishay Intertechnology stock traded up $0.12 during mid-day trading on Tuesday, reaching $15.42. 2,024,459 shares of the company's stock traded hands, compared to its average volume of 2,019,822. The company has a market cap of $2.09 billion, a price-to-earnings ratio of -23.72 and a beta of 1.13. The stock has a 50 day moving average of $16.11 and a two-hundred day moving average of $15.41. The company has a quick ratio of 1.64, a current ratio of 2.70 and a debt-to-equity ratio of 0.44. Vishay Intertechnology, Inc. has a 12-month low of $10.35 and a 12-month high of $20.60.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.09). The business had revenue of $762.25 million for the quarter, compared to analysts' expectations of $756.07 million. Vishay Intertechnology had a negative net margin of 3.00% and a negative return on equity of 0.10%. Vishay Intertechnology's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.17 EPS. Equities analysts forecast that Vishay Intertechnology, Inc. will post 0.53 earnings per share for the current 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 given a dividend of $0.10 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.40 dividend on an annualized basis and a yield of 2.6%. Vishay Intertechnology's payout ratio is -61.54%.

Insiders Place Their Bets

In other news, Director Michael J. Cody acquired 3,500 shares of the business's stock in a transaction 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 completion of the transaction, the director directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Vishay Intertechnology from a "hold" rating to a "sell" rating in a report on Sunday, August 17th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus 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.