Kovack Advisors Inc. Invests $788,000 in Vishay Intertechnology, Inc. (NYSE:VSH)

Kovack Advisors Inc. acquired a new position in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 41,675 shares of the semiconductor company's stock, valued at approximately $788,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Vishay Intertechnology by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 14,919,132 shares of the semiconductor company's stock valued at $338,366,000 after purchasing an additional 714,275 shares during the period. Deprince Race & Zollo Inc. increased its position in shares of Vishay Intertechnology by 94.0% during the second quarter. Deprince Race & Zollo Inc. now owns 3,129,207 shares of the semiconductor company's stock valued at $69,781,000 after buying an additional 1,516,368 shares during the period. American Century Companies Inc. lifted its holdings in shares of Vishay Intertechnology by 12.7% in the second quarter. American Century Companies Inc. now owns 3,109,768 shares of the semiconductor company's stock worth $69,348,000 after buying an additional 350,512 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Vishay Intertechnology by 1.2% in the third quarter. Principal Financial Group Inc. now owns 2,573,745 shares of the semiconductor company's stock valued at $48,669,000 after acquiring an additional 30,515 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Vishay Intertechnology by 11.8% during the second quarter. Bank of New York Mellon Corp now owns 1,647,693 shares of the semiconductor company's stock valued at $36,744,000 after acquiring an additional 174,149 shares in the last quarter. 93.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VSH has been the topic of several recent analyst reports. StockNews.com downgraded shares of Vishay Intertechnology from a "hold" rating to a "sell" rating in a report on Monday. TD Cowen dropped their price objective on Vishay Intertechnology from $24.00 to $22.00 and set a "hold" rating for the company in a research note on Thursday, August 8th.

Vishay Intertechnology Price Performance

NYSE:VSH traded down $0.29 during midday trading on Thursday, hitting $16.04. The company had a trading volume of 1,606,891 shares, compared to its average volume of 1,226,792. The stock's fifty day moving average price is $17.92 and its 200-day moving average price is $20.79. Vishay Intertechnology, Inc. has a 52-week low of $15.98 and a 52-week high of $24.72. The company has a quick ratio of 1.85, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $2.19 billion, a PE ratio of 25.87 and a beta of 1.09.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.06). The firm had revenue of $735.35 million for the quarter, compared to analysts' expectations of $748.84 million. Vishay Intertechnology had a net margin of 2.88% and a return on equity of 5.35%. The business's quarterly revenue was down 13.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. As a group, research analysts expect that Vishay Intertechnology, Inc. will post 0.55 earnings per share for the current year.

Vishay Intertechnology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Tuesday, December 3rd. Vishay Intertechnology's payout ratio is 64.52%.

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.