Principal Financial Group Inc. Increases Holdings in Vishay Intertechnology, Inc. (NYSE:VSH)

Principal Financial Group Inc. grew its stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 1.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,573,745 shares of the semiconductor company's stock after purchasing an additional 30,515 shares during the period. Principal Financial Group Inc. owned about 1.89% of Vishay Intertechnology worth $48,669,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VSH. Mountaineer Partners Management LLC boosted its position in shares of Vishay Intertechnology by 924.9% during the third quarter. Mountaineer Partners Management LLC now owns 20,844,077 shares of the semiconductor company's stock valued at $394,161,000 after buying an additional 18,810,325 shares during the last quarter. Deprince Race & Zollo Inc. boosted its holdings in 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 worth $69,781,000 after acquiring an additional 1,516,368 shares during the last quarter. Poplar Forest Capital LLC bought a new stake in shares of Vishay Intertechnology in the 2nd quarter worth $21,160,000. Needham Investment Management LLC raised its holdings in shares of Vishay Intertechnology by 39.2% in the third quarter. Needham Investment Management LLC now owns 1,260,000 shares of the semiconductor company's stock valued at $23,827,000 after purchasing an additional 355,000 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Vishay Intertechnology by 12.7% during the second quarter. American Century Companies Inc. now owns 3,109,768 shares of the semiconductor company's stock valued at $69,348,000 after purchasing an additional 350,512 shares in the last quarter. 93.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VSH. StockNews.com downgraded shares of Vishay Intertechnology from a "hold" rating to a "sell" rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. assumed coverage on Vishay Intertechnology in a report on Monday, December 16th. They issued a "neutral" rating and a $19.00 target price for the company.

Vishay Intertechnology Stock Performance

Shares of NYSE:VSH traded up $0.05 during midday trading on Monday, reaching $17.23. The company had a trading volume of 2,015,836 shares, compared to its average volume of 1,450,425. The stock has a market cap of $2.34 billion, a P/E ratio of 27.79 and a beta of 1.12. The company's 50 day moving average price is $17.52 and its 200 day moving average price is $19.68. The company has a current ratio of 2.81, a quick ratio of 1.85 and a debt-to-equity ratio of 0.38. Vishay Intertechnology, Inc. has a 52-week low of $14.95 and a 52-week high of $24.68.

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 the consensus estimate of $0.14 by ($0.06). The firm had revenue of $735.35 million for the quarter, compared to the consensus estimate of $748.84 million. Vishay Intertechnology had a net margin of 2.88% and a return on equity of 5.35%. Vishay Intertechnology's revenue for the quarter was down 13.9% on a year-over-year basis. During the same period last year, the company posted $0.60 earnings per share. As a group, sell-side analysts anticipate that Vishay Intertechnology, Inc. will post 0.55 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Tuesday, December 3rd. Vishay Intertechnology's dividend payout ratio (DPR) is currently 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.