Intech Investment Management LLC Takes Position in Vishay Intertechnology, Inc. (NYSE:VSH)

Intech Investment Management LLC bought a new position in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 43,280 shares of the semiconductor company's stock, valued at approximately $818,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Quest Partners LLC raised its stake in shares of Vishay Intertechnology by 4,009,500.0% in the third quarter. Quest Partners LLC now owns 40,096 shares of the semiconductor company's stock worth $758,000 after purchasing an additional 40,095 shares during the last quarter. Kovack Advisors Inc. bought a new stake in Vishay Intertechnology during the third quarter worth $788,000. Oppenheimer Asset Management Inc. raised its position in Vishay Intertechnology by 9.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 245,120 shares of the semiconductor company's stock valued at $4,635,000 after buying an additional 22,034 shares during the last quarter. Aigen Investment Management LP bought a new position in Vishay Intertechnology during the 3rd quarter valued at $668,000. Finally, GSA Capital Partners LLP purchased a new position in Vishay Intertechnology during the 3rd quarter worth $426,000. 93.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on VSH shares. StockNews.com lowered shares of Vishay Intertechnology from a "hold" rating to a "sell" rating in a research report on Wednesday. TD Cowen dropped their target price on shares of Vishay Intertechnology from $24.00 to $22.00 and set a "hold" rating on the stock in a research report on Thursday, August 8th.

Vishay Intertechnology Stock Performance

Shares of Vishay Intertechnology stock traded up $0.14 during trading hours on Friday, hitting $19.11. 1,982,445 shares of the company's stock traded hands, compared to its average volume of 1,307,558. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 31.05 and a beta of 1.09. Vishay Intertechnology, Inc. has a 12-month low of $14.95 and a 12-month high of $24.72. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 1.85. The company has a fifty day simple moving average of $17.58 and a 200-day simple moving average of $20.35.

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

Vishay Intertechnology Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.40 annualized dividend and a yield of 2.09%. Vishay Intertechnology's payout ratio is 64.52%.

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.