Pinnacle Associates Ltd. Decreases Stake in Vishay Intertechnology, Inc. (NYSE:VSH)

Pinnacle Associates Ltd. lowered its position in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 18.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 930,292 shares of the semiconductor company's stock after selling 215,950 shares during the quarter. Pinnacle Associates Ltd. owned approximately 0.67% of Vishay Intertechnology worth $22,299,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of VSH. Vanguard Group Inc. lifted its holdings in Vishay Intertechnology by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 14,136,439 shares of the semiconductor company's stock valued at $349,453,000 after purchasing an additional 202,530 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Vishay Intertechnology by 9.2% during the 3rd quarter. Principal Financial Group Inc. now owns 3,242,731 shares of the semiconductor company's stock worth $80,160,000 after buying an additional 273,132 shares during the period. Geode Capital Management LLC grew its stake in Vishay Intertechnology by 3.6% in the 2nd quarter. Geode Capital Management LLC now owns 2,586,293 shares of the semiconductor company's stock valued at $76,037,000 after buying an additional 89,785 shares during the last quarter. Woodline Partners LP raised its holdings in Vishay Intertechnology by 18.5% in the 2nd quarter. Woodline Partners LP now owns 2,132,001 shares of the semiconductor company's stock valued at $62,681,000 after acquiring an additional 332,691 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in Vishay Intertechnology by 4.2% during the first quarter. Ameriprise Financial Inc. now owns 2,049,418 shares of the semiconductor company's stock worth $46,358,000 after acquiring an additional 83,105 shares during the last quarter. 93.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Chairman Marc Zandman sold 26,154 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $22.83, for a total transaction of $597,095.82. Following the sale, the chairman now directly owns 73,678 shares of the company's stock, valued at approximately $1,682,068.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 8.02% of the company's stock.

Vishay Intertechnology Stock Performance

Shares of NYSE VSH traded down $0.20 during trading hours on Friday, reaching $22.68. 2,205,639 shares of the stock were exchanged, compared to its average volume of 1,362,415. The stock's fifty day simple moving average is $22.20 and its 200 day simple moving average is $22.91. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 9.82 and a beta of 1.23. Vishay Intertechnology, Inc. has a 52 week low of $20.57 and a 52 week high of $30.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.38 and a current ratio of 3.32.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last posted its earnings results on Wednesday, February 7th. The semiconductor company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. Vishay Intertechnology had a return on equity of 15.72% and a net margin of 9.52%. The company had revenue of $785.24 million during the quarter, compared to the consensus estimate of $787.15 million. During the same quarter last year, the firm earned $0.69 earnings per share. The company's revenue was down 8.2% on a year-over-year basis. Sell-side analysts predict that Vishay Intertechnology, Inc. will post 1.15 EPS for the current year.

Vishay Intertechnology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 14th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Wednesday, March 13th. Vishay Intertechnology's dividend payout ratio (DPR) is currently 17.32%.

Vishay Intertechnology Company 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.