Vishay Intertechnology, Inc. $VSH Shares Acquired by Invenomic Capital Management LP

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 increased its position in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 30.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 871,471 shares of the semiconductor company's stock after buying an additional 201,597 shares during the quarter. Invenomic Capital Management LP owned about 0.64% of Vishay Intertechnology worth $13,856,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its position in 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 buying an additional 2,312 shares during the period. Larson Financial Group LLC increased its position in Vishay Intertechnology by 27,083.3% in the 1st quarter. Larson Financial Group LLC now owns 3,262 shares of the semiconductor company's stock worth $52,000 after purchasing an additional 3,250 shares during the last quarter. CWM LLC increased its position in Vishay Intertechnology by 76.0% in the 1st quarter. CWM LLC now owns 3,473 shares of the semiconductor company's stock worth $55,000 after purchasing an additional 1,500 shares during the last quarter. Summit Securities Group LLC acquired a new position in Vishay Intertechnology in the 1st quarter worth about $126,000. Finally, Banque Transatlantique SA acquired a new position in Vishay Intertechnology in the 1st quarter worth about $126,000. Institutional investors and hedge funds own 93.66% of the company's stock.

Insider Buying and Selling

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

Vishay Intertechnology Trading Up 2.0%

Shares of VSH opened at $15.27 on Friday. Vishay Intertechnology, Inc. has a 1 year low of $10.35 and a 1 year 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 50 day simple moving average of $16.09 and a 200-day simple moving average of $15.31. The stock has a market cap of $2.07 billion, a PE ratio of -23.50 and a beta of 1.15.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported ($0.07) earnings per share 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 for the quarter, compared to analyst estimates of $756.07 million. During the same period in the prior year, the business earned $0.17 earnings per share. The company's revenue for the quarter was up 2.8% on a year-over-year basis. On average, sell-side 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 will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, September 11th. Vishay Intertechnology's dividend payout ratio (DPR) is presently -61.54%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Vishay Intertechnology from a "hold" rating to a "sell" rating in a research report on Sunday, August 17th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Vishay Intertechnology presently has a consensus rating of "Hold" and an average price target of $19.00.

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.

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