Invenomic Capital Management LP Grows Holdings in Vishay Intertechnology, Inc. $VSH

Key Points

• Invenomic Capital Management LP increased its holdings in Vishay Intertechnology by 30.1% in the first quarter, owning 871,471 shares worth about $13.86 million at the end of the reporting period.
• Vishay Intertechnology reported negative earnings of ($0.07) per share for the quarter, missing analysts' estimates, even though revenue rose 2.8% year-over-year to $762.25 million.
• The company will distribute a quarterly $0.10 dividend on September 25th, resulting in an annualized yield of 2.6% for shareholders.

Invenomic Capital Management LP boosted its holdings in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 30.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 871,471 shares of the semiconductor company's stock after purchasing an additional 201,597 shares during the period. Invenomic Capital Management LP owned approximately 0.64% of Vishay Intertechnology worth $13,856,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Banque Transatlantique SA acquired a new stake in shares of Vishay Intertechnology during the first quarter worth $126,000. Alight Capital Management LP lifted its stake in shares of Vishay Intertechnology by 25.0% in the 1st quarter. Alight Capital Management LP now owns 125,000 shares of the semiconductor company's stock worth $1,988,000 after acquiring an additional 25,000 shares during the period. Royal Bank of Canada lifted its stake in shares of Vishay Intertechnology by 26.6% in the 1st quarter. Royal Bank of Canada now owns 71,823 shares of the semiconductor company's stock worth $1,142,000 after acquiring an additional 15,079 shares during the period. Eisler Capital Management Ltd. acquired a new stake in shares of Vishay Intertechnology in the 1st quarter worth $217,000. Finally, Systematic Financial Management LP lifted its stake in shares of Vishay Intertechnology by 4.0% in the 1st quarter. Systematic Financial Management LP now owns 1,514,217 shares of the semiconductor company's stock worth $24,076,000 after acquiring an additional 58,466 shares during the period. 93.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Zacks Research upgraded shares of Vishay Intertechnology from a "strong sell" rating to a "hold" rating in a research note on Monday. Wall Street Zen cut shares of Vishay Intertechnology from a "hold" rating to a "sell" rating in a research note on Sunday, August 17th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $19.00.

Vishay Intertechnology Price Performance

NYSE VSH traded up $0.00 during trading hours on Wednesday, reaching $15.25. The company's stock had a trading volume of 213,661 shares, compared to its average volume of 1,912,281. The stock has a market cap of $2.07 billion, a PE ratio of -23.49 and a beta of 1.15. Vishay Intertechnology, Inc. has a fifty-two week low of $10.35 and a fifty-two week high of $20.15. The company's 50-day moving average is $16.05 and its two-hundred day moving average is $15.21. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.64 and a current ratio of 2.70.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last issued 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 business had revenue of $762.25 million during the quarter, compared to analyst estimates 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 was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 earnings per share. Analysts forecast that Vishay Intertechnology, Inc. will post 0.53 EPS for the current year.

Vishay Intertechnology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, September 11th. Vishay Intertechnology's dividend payout ratio is presently -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.