Vishay Intertechnology, Inc. $VSH Holdings Increased by Aristeia Capital L.L.C.

Key Points

• Aristeia Capital L.L.C. increased its stake in Vishay Intertechnology by 110.6%, acquiring a total of 162,200 shares valued at approximately $2.58 million.
• Institutional investors and hedge funds now own 93.66% of Vishay Intertechnology's stock, indicating strong institutional confidence in the company.
• Vishay Intertechnology reported a quarterly earnings miss with ($0.07) earnings per share, while revenue increased by 2.8% year-over-year, reflecting ongoing challenges despite some growth.

Aristeia Capital L.L.C. boosted its holdings in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 110.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 162,200 shares of the semiconductor company's stock after acquiring an additional 85,200 shares during the period. Aristeia Capital L.L.C. owned about 0.12% of Vishay Intertechnology worth $2,579,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Woodline Partners LP grew its holdings in 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 purchasing an additional 1,058,173 shares during the period. LMR Partners LLP purchased a new stake in Vishay Intertechnology in the fourth quarter valued at approximately $8,470,000. Bragg Financial Advisors Inc grew its holdings in Vishay Intertechnology by 43.0% in the first quarter. Bragg Financial Advisors Inc now owns 1,584,441 shares of the semiconductor company's stock valued at $25,193,000 after purchasing an additional 476,372 shares during the period. Invenomic Capital Management LP grew its holdings in Vishay Intertechnology by 173.5% in the fourth quarter. Invenomic Capital Management LP now owns 669,874 shares of the semiconductor company's stock valued at $11,348,000 after purchasing an additional 424,979 shares during the period. Finally, Nuveen LLC purchased a new stake in Vishay Intertechnology in the first quarter valued at approximately $5,343,000. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VSH. Wall Street Zen upgraded shares of Vishay Intertechnology from a "sell" rating to a "hold" rating in a research note on Saturday. Zacks Research upgraded shares of Vishay Intertechnology from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $19.00.

Vishay Intertechnology Stock Down 1.5%

NYSE VSH traded down $0.24 during trading hours on Friday, reaching $15.27. 1,249,294 shares of the company traded hands, compared to its average volume of 1,123,852. Vishay Intertechnology, Inc. has a 12 month low of $10.35 and a 12 month high of $20.15. The company has a current ratio of 2.70, a quick ratio of 1.64 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $2.07 billion, a PE ratio of -23.48 and a beta of 1.15. The company has a 50 day moving average of $15.94 and a two-hundred day moving average of $15.17.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last posted 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). The company had revenue of $762.25 million for the quarter, compared to the consensus estimate of $756.07 million. Vishay Intertechnology had a negative net margin of 3.00% and a negative return on equity of 0.10%. The company's revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 earnings per share. As a group, equities analysts expect 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. Investors of record on Thursday, September 11th will be given a $0.10 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.40 annualized dividend and a yield of 2.6%. Vishay Intertechnology's dividend payout ratio (DPR) is currently -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.