Needham Investment Management LLC Boosts Stock Position in Vishay Intertechnology, Inc. (NYSE:VSH)

Needham Investment Management LLC boosted its holdings in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 12.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,414,100 shares of the semiconductor company's stock after buying an additional 154,100 shares during the quarter. Vishay Intertechnology accounts for about 1.8% of Needham Investment Management LLC's portfolio, making the stock its 15th largest holding. Needham Investment Management LLC owned about 1.04% of Vishay Intertechnology worth $23,955,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wealthfront Advisers LLC purchased a new position in Vishay Intertechnology during the 4th quarter worth approximately $38,000. Blue Trust Inc. raised its position in Vishay Intertechnology by 275.9% during the 4th quarter. Blue Trust Inc. now owns 2,710 shares of the semiconductor company's stock worth $46,000 after buying an additional 1,989 shares during the last quarter. Sterling Capital Management LLC raised its position in Vishay Intertechnology by 819.2% during the 4th quarter. Sterling Capital Management LLC now owns 3,980 shares of the semiconductor company's stock worth $67,000 after buying an additional 3,547 shares during the last quarter. IFP Advisors Inc raised its position in Vishay Intertechnology by 351.1% during the 4th quarter. IFP Advisors Inc now owns 4,376 shares of the semiconductor company's stock worth $74,000 after buying an additional 3,406 shares during the last quarter. Finally, Manchester Capital Management LLC raised its position in Vishay Intertechnology by 526.6% during the 4th quarter. Manchester Capital Management LLC now owns 7,175 shares of the semiconductor company's stock worth $122,000 after buying an additional 6,030 shares during the last quarter. 93.66% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO David Mcconnell acquired 2,000 shares of Vishay Intertechnology stock in a transaction that occurred on Monday, May 12th. The shares were purchased at an average cost of $14.69 per share, for a total transaction of $29,380.00. Following the acquisition, the chief financial officer now owns 53,501 shares in the company, valued at approximately $785,929.69. This represents a 3.88% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Marc Zandman sold 27,176 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $16.88, for a total transaction of $458,730.88. Following the completion of the sale, the chairman now owns 76,468 shares in the company, valued at approximately $1,290,779.84. This trade represents a 26.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have acquired a total of 13,000 shares of company stock valued at $193,280 in the last 90 days. 8.32% of the stock is owned by insiders.

Vishay Intertechnology Stock Performance

Shares of NYSE VSH traded up $0.17 during midday trading on Friday, reaching $15.26. 1,892,282 shares of the stock were exchanged, compared to its average volume of 1,790,622. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of -63.58 and a beta of 1.06. Vishay Intertechnology, Inc. has a twelve month low of $10.35 and a twelve month high of $24.69. The firm has a 50-day simple moving average of $13.95 and a two-hundred day simple moving average of $16.15. The company has a quick ratio of 1.73, a current ratio of 2.70 and a debt-to-equity ratio of 0.45.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported ($0.03) EPS for the quarter, hitting analysts' consensus estimates of ($0.03). Vishay Intertechnology had a negative net margin of 1.06% and a positive return on equity of 3.06%. The business had revenue of $715.24 million for the quarter, compared to analysts' expectations of $713.50 million. During the same quarter last year, the company earned $0.22 EPS. The business's revenue was down 4.2% on a year-over-year basis. As a group, analysts anticipate that Vishay Intertechnology, Inc. will post 0.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Vishay Intertechnology from a "hold" rating to a "sell" rating in a research report on Saturday, May 10th.

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.