Vishay Intertechnology, Inc. $VSH Holdings Boosted by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH increased its stake in Vishay Intertechnology by 32.8%, owning approximately 1,172,466 shares valued at $18.6 million.
• Vishay reported a quarterly EPS of ($0.07), missing estimates by ($0.09), while revenue increased by 2.8% year-over-year.
• The company recently announced a quarterly dividend of $0.10 per share, resulting in a 2.4% yield for shareholders.

Allianz Asset Management GmbH lifted its stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 32.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,172,466 shares of the semiconductor company's stock after acquiring an additional 289,334 shares during the quarter. Allianz Asset Management GmbH owned about 0.86% of Vishay Intertechnology worth $18,619,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of 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 acquiring an additional 2,312 shares during the period. Larson Financial Group LLC increased its stake in shares of 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 acquiring an additional 3,250 shares during the period. CWM LLC increased 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 period. Summit Securities Group LLC acquired a new position in shares of Vishay Intertechnology during the first quarter valued at approximately $126,000. Finally, Banque Transatlantique SA acquired a new position in shares of Vishay Intertechnology during the first quarter valued at approximately $126,000. Institutional investors and hedge funds own 93.66% of the company's stock.

Vishay Intertechnology Trading Down 2.5%

Vishay Intertechnology stock opened at $16.49 on Monday. 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 firm has a market cap of $2.24 billion, a price-to-earnings ratio of -25.37 and a beta of 1.15. Vishay Intertechnology, Inc. has a 1 year low of $10.35 and a 1 year high of $20.15. The firm's 50 day moving average price is $15.38 and its two-hundred day moving average price is $14.95.

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 (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.09). The business had revenue of $762.25 million during the quarter, compared to analyst estimates of $756.07 million. Vishay Intertechnology had a negative return on equity of 0.10% and a negative net margin of 3.00%.The company's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 EPS. On average, research analysts predict 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 was paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.4%. The ex-dividend date was Thursday, September 11th. Vishay Intertechnology's payout ratio is presently -61.54%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on VSH shares. Weiss Ratings reiterated a "sell (d)" rating on shares of Vishay Intertechnology in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Vishay Intertechnology from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Finally, Wall Street Zen upgraded shares of Vishay Intertechnology from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $19.00.

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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