Vishay Intertechnology, Inc. $VSH Stake Lessened by William Blair Investment Management LLC

Key Points

• William Blair Investment Management LLC has reduced its stake in Vishay Intertechnology by 7.6%, now holding approximately 1.38% of the company worth $29.7 million.
• Vishay Intertechnology has received mixed ratings from analysts, with Weiss Ratings issuing a "sell" rating and Zacks upgrading from "strong sell" to "hold."
• The company reported a quarterly earnings miss with an EPS of -$0.07, compared to analyst expectations of $0.02, although revenue increased by 2.8% year-over-year.

William Blair Investment Management LLC decreased its holdings in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 7.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,868,008 shares of the semiconductor company's stock after selling 152,770 shares during the period. William Blair Investment Management LLC owned about 1.38% of Vishay Intertechnology worth $29,664,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in VSH. Woodline Partners LP increased its stake in Vishay Intertechnology by 142.4% during the first quarter. Woodline Partners LP now owns 4,292,204 shares of the semiconductor company's stock valued at $68,246,000 after purchasing an additional 2,521,413 shares during the last quarter. Bragg Financial Advisors Inc increased its stake in Vishay Intertechnology by 43.0% during 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 last quarter. Nuveen LLC bought a new stake in Vishay Intertechnology during the first quarter valued at $5,343,000. Allianz Asset Management GmbH increased its stake in Vishay Intertechnology by 32.8% during the second quarter. Allianz Asset Management GmbH now owns 1,172,466 shares of the semiconductor company's stock valued at $18,619,000 after purchasing an additional 289,334 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Vishay Intertechnology by 443.2% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 346,855 shares of the semiconductor company's stock valued at $5,515,000 after purchasing an additional 283,000 shares during the last quarter. Institutional investors own 93.66% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Weiss Ratings reissued a "sell (d)" rating on shares of Vishay Intertechnology in a report on Wednesday, October 8th. Zacks Research raised shares of Vishay Intertechnology from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. Finally, Wall Street Zen raised shares of Vishay Intertechnology from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Vishay Intertechnology currently has an average rating of "Reduce" and a consensus price target of $19.00.

Vishay Intertechnology Price Performance

Shares of NYSE VSH opened at $16.49 on Friday. The firm has a 50-day moving average of $15.38 and a two-hundred day moving average of $14.93. 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 company has a market capitalization of $2.24 billion, a price-to-earnings ratio of -25.37 and a beta of 1.15. Vishay Intertechnology, Inc. has a twelve month low of $10.35 and a twelve month high of $20.15.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $762.25 million for 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%.Vishay Intertechnology's quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 EPS. As a group, analysts expect that Vishay Intertechnology, Inc. will post 0.53 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.40 annualized dividend and a dividend yield of 2.4%. Vishay Intertechnology's payout ratio is presently -61.54%.

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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