Allianz Asset Management GmbH Increases Stock Position in Vishay Intertechnology, Inc. (NYSE:VSH)

Key Points

• Allianz Asset Management GmbH increased its holdings in Vishay Intertechnology by 36.5% in the first quarter, owning a total of 883,132 shares valued at approximately $14 million.
• Insider transactions revealed that CFO David Mcconnell purchased 2,000 shares and EVP Roy Shoshani acquired 10,000 shares, indicating confidence in the company's future performance.
• Research analysts at Wall Street Zen downgraded Vishay Intertechnology from a "hold" to a "sell" rating, reflecting a more cautious outlook on the stock.

Allianz Asset Management GmbH raised its position in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 36.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 883,132 shares of the semiconductor company's stock after buying an additional 236,077 shares during the period. Allianz Asset Management GmbH owned about 0.65% of Vishay Intertechnology worth $14,042,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Vishay Intertechnology in the fourth quarter valued at $143,719,000. Hood River Capital Management LLC acquired a new stake in shares of Vishay Intertechnology in the fourth quarter valued at $53,860,000. First Trust Advisors LP raised its stake in shares of Vishay Intertechnology by 34.5% in the fourth quarter. First Trust Advisors LP now owns 5,077,379 shares of the semiconductor company's stock valued at $86,011,000 after acquiring an additional 1,301,383 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Vishay Intertechnology by 7.9% in the fourth quarter. Vanguard Group Inc. now owns 16,626,430 shares of the semiconductor company's stock valued at $281,652,000 after acquiring an additional 1,224,112 shares in the last quarter. Finally, Woodline Partners LP raised its stake in shares of Vishay Intertechnology by 148.5% in the fourth quarter. Woodline Partners LP now owns 1,770,791 shares of the semiconductor company's stock valued at $29,997,000 after acquiring an additional 1,058,173 shares in the last quarter. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

Vishay Intertechnology Stock Up 0.3%

Shares of NYSE VSH traded up $0.06 during mid-day trading on Friday, hitting $16.99. The company had a trading volume of 1,532,773 shares, compared to its average volume of 1,411,717. The company has a market capitalization of $2.30 billion, a PE ratio of -34.66 and a beta of 1.12. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.80 and a quick ratio of 1.79. Vishay Intertechnology, Inc. has a 1-year low of $10.35 and a 1-year high of $24.68. The business's 50-day simple moving average is $15.88 and its 200 day simple moving average is $15.62.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported ($0.03) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.03). Vishay Intertechnology had a positive return on equity of 1.46% and a negative net margin of 2.28%. The company had revenue of $715.24 million for the quarter, compared to analysts' expectations of $713.50 million. During the same period last year, the firm earned $0.22 earnings per share. Vishay Intertechnology's quarterly revenue was down 4.2% on a year-over-year basis. On average, analysts predict that Vishay Intertechnology, Inc. will post 0.53 earnings per share for the current year.

Vishay Intertechnology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, June 18th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Wednesday, June 18th. Vishay Intertechnology's dividend payout ratio is presently -81.63%.

Insider Buying and Selling at Vishay Intertechnology

In other news, EVP Roy Shoshani bought 10,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were acquired at an average price of $14.95 per share, for a total transaction of $149,500.00. Following the completion of the transaction, the executive vice president owned 106,550 shares of the company's stock, valued at approximately $1,592,922.50. This trade represents a 10.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael J. Cody bought 3,500 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were purchased at an average price of $16.12 per share, for a total transaction of $56,420.00. Following the transaction, the director directly owned 60,169 shares of the company's stock, valued at approximately $969,924.28. This represents a 6.18% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 16,750 shares of company stock worth $253,568 over the last ninety days. Corporate insiders own 8.32% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Vishay Intertechnology from a "hold" rating to a "sell" rating in a research note on Saturday, May 10th.

About Vishay Intertechnology

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.