US Bancorp DE Reduces Holdings in Vishay Intertechnology, Inc. $VSH

Key Points

• US Bancorp DE significantly reduced its holdings in Vishay Intertechnology, cutting its stake by 87.8% during the first quarter, resulting in ownership of just 3,488 shares valued at $55,000.
• Several hedge funds, including GAMMA Investing LLC and Larson Financial Group LLC, notably increased their holdings in Vishay Intertechnology, with increases of 602.1% and 27,083.3% respectively.
• Vishay Intertechnology reported a loss of $0.07 EPS in its latest quarterly earnings, missing analysts' expectations, while its revenue increased by 2.8% year-over-year to $762.25 million.

US Bancorp DE cut its holdings in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 87.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,488 shares of the semiconductor company's stock after selling 24,997 shares during the quarter. US Bancorp DE's holdings in Vishay Intertechnology were worth $55,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of VSH. GAMMA Investing LLC grew its holdings in Vishay Intertechnology by 602.1% during the 1st 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 during the last quarter. Larson Financial Group LLC lifted 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 acquiring an additional 3,250 shares in the last quarter. CWM LLC boosted its stake in shares of 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 acquiring an additional 1,500 shares during the last quarter. Sterling Capital Management LLC boosted its stake in shares of Vishay Intertechnology by 819.2% during the fourth quarter. Sterling Capital Management LLC now owns 3,980 shares of the semiconductor company's stock valued at $67,000 after acquiring an additional 3,547 shares during the last quarter. Finally, State of Wyoming increased its position in Vishay Intertechnology by 234.2% during the 4th quarter. State of Wyoming now owns 8,893 shares of the semiconductor company's stock worth $151,000 after purchasing an additional 6,232 shares in the last quarter. 93.66% of the stock is owned by hedge funds and other institutional investors.

Vishay Intertechnology Stock Down 0.4%

VSH stock opened at $14.78 on Tuesday. The company has a 50 day moving average price of $16.18 and a two-hundred day moving average price of $15.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.64 and a current ratio of 2.70. The stock has a market capitalization of $2.00 billion, a P/E ratio of -22.73 and a beta of 1.13. Vishay Intertechnology, Inc. has a one year low of $10.35 and a one year high of $20.91.

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 business had revenue of $762.25 million during the quarter, compared to analysts' expectations of $756.07 million. During the same period in the prior year, the firm earned $0.17 EPS. Vishay Intertechnology's revenue for the quarter was up 2.8% on a year-over-year basis. As a group, sell-side analysts expect that Vishay Intertechnology, Inc. will post 0.53 EPS for the current year.

Vishay Intertechnology Dividend Announcement

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

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Vishay Intertechnology from a "hold" rating to a "sell" rating in a research note on Sunday.

Insider Transactions at Vishay Intertechnology

In related news, Director Michael J. Cody purchased 3,500 shares of the firm's stock in a transaction on Wednesday, June 11th. The shares were bought at an average price of $16.12 per share, for a total transaction of $56,420.00. Following the acquisition, the director directly owned 60,169 shares in the company, valued at $969,924.28. This trade represents a 6.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 8.32% of the company's stock.

Vishay Intertechnology Company 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.

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