87,412 Shares in Vishay Intertechnology, Inc. (NYSE:VSH) Acquired by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd acquired a new stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 87,412 shares of the semiconductor company's stock, valued at approximately $1,653,000. Point72 Hong Kong Ltd owned 0.06% of Vishay Intertechnology at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of VSH. Deprince Race & Zollo Inc. boosted its holdings in shares of Vishay Intertechnology by 94.0% during the 2nd 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 in the last quarter. Poplar Forest Capital LLC bought a new position in Vishay Intertechnology in the 2nd quarter worth about $21,160,000. American Century Companies Inc. boosted its stake in Vishay Intertechnology by 12.7% in the 2nd quarter. American Century Companies Inc. now owns 3,109,768 shares of the semiconductor company's stock worth $69,348,000 after purchasing an additional 350,512 shares in the last quarter. Bernzott Capital Advisors bought a new position in Vishay Intertechnology in the 3rd quarter worth about $5,378,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Vishay Intertechnology by 17.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,709,994 shares of the semiconductor company's stock worth $32,336,000 after purchasing an additional 248,741 shares in the last quarter. Institutional investors own 93.66% of the company's stock.

Analyst Upgrades and Downgrades

VSH has been the topic of a number of analyst reports. StockNews.com cut shares of Vishay Intertechnology from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th. TD Cowen decreased their target price on Vishay Intertechnology from $24.00 to $22.00 and set a "hold" rating for the company in a research report on Thursday, August 8th.

Vishay Intertechnology Stock Performance

Shares of NYSE VSH traded up $0.26 during midday trading on Monday, hitting $19.36. 1,268,267 shares of the company's stock traded hands, compared to its average volume of 1,306,884. Vishay Intertechnology, Inc. has a 1 year low of $14.95 and a 1 year high of $24.72. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 30.73 and a beta of 1.12. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.85 and a current ratio of 2.81. The firm has a fifty day moving average of $17.60 and a 200 day moving average of $20.28.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.06). Vishay Intertechnology had a net margin of 2.88% and a return on equity of 5.35%. The business had revenue of $735.35 million for the quarter, compared to analysts' expectations of $748.84 million. During the same period in the previous year, the company earned $0.60 EPS. Vishay Intertechnology's revenue for the quarter was down 13.9% compared to the same quarter last year. On average, analysts forecast that Vishay Intertechnology, Inc. will post 0.55 earnings per share for the current year.

Vishay Intertechnology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Tuesday, December 3rd. Vishay Intertechnology's payout ratio is currently 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.