Millennium Management LLC Sells 744,037 Shares of Vishay Intertechnology, Inc. (NYSE:VSH)

Millennium Management LLC trimmed its holdings in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 67.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 357,052 shares of the semiconductor company's stock after selling 744,037 shares during the period. Millennium Management LLC owned approximately 0.26% of Vishay Intertechnology worth $7,962,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Vishay Intertechnology by 12.2% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 478,100 shares of the semiconductor company's stock valued at $11,460,000 after purchasing an additional 52,050 shares during the last quarter. Bragg Financial Advisors Inc raised its stake in Vishay Intertechnology by 2.9% during the 4th quarter. Bragg Financial Advisors Inc now owns 643,590 shares of the semiconductor company's stock valued at $15,427,000 after buying an additional 18,375 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Vishay Intertechnology by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 14,204,857 shares of the semiconductor company's stock valued at $340,490,000 after buying an additional 68,418 shares during the period. Somerset Trust Co boosted its stake in shares of Vishay Intertechnology by 8.7% in the 1st quarter. Somerset Trust Co now owns 10,560 shares of the semiconductor company's stock worth $240,000 after buying an additional 844 shares during the last quarter. Finally, Rise Advisors LLC bought a new stake in shares of Vishay Intertechnology in the first quarter worth $27,000. Institutional investors own 93.66% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, TD Cowen lowered their target price on Vishay Intertechnology from $24.00 to $22.00 and set a "hold" rating on the stock in a report on Thursday, August 8th.

Vishay Intertechnology Stock Performance

NYSE VSH traded down $0.17 during trading hours on Thursday, hitting $17.74. 625,916 shares of the company's stock traded hands, compared to its average volume of 1,231,539. Vishay Intertechnology, Inc. has a 52 week low of $17.42 and a 52 week high of $24.72. The firm has a market capitalization of $2.43 billion, a P/E ratio of 10.20 and a beta of 1.09. The company has a current ratio of 2.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.38. The business's fifty day moving average price is $19.33 and its two-hundred day moving average price is $21.57.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $741.20 million during the quarter, compared to analyst estimates of $754.71 million. Vishay Intertechnology had a return on equity of 8.72% and a net margin of 5.48%. Vishay Intertechnology's revenue was down 16.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 EPS. Equities research analysts predict that Vishay Intertechnology, Inc. will post 0.72 EPS for the current year.

Vishay Intertechnology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 10th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Tuesday, September 10th. Vishay Intertechnology's dividend payout ratio is 22.99%.

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.