Readystate Asset Management LP Takes Position in Vishay Intertechnology, Inc. (NYSE:VSH)

Readystate Asset Management LP purchased a new position in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 32,703 shares of the semiconductor company's stock, valued at approximately $618,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Matrix Trust Co purchased a new stake in Vishay Intertechnology in the third quarter worth $25,000. nVerses Capital LLC purchased a new stake in Vishay Intertechnology in the second quarter worth $45,000. Northwestern Mutual Wealth Management Co. lifted its stake in Vishay Intertechnology by 11,136.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,135 shares of the semiconductor company's stock worth $48,000 after acquiring an additional 2,116 shares during the period. Adirondack Trust Co. lifted its stake in Vishay Intertechnology by 71.4% in the third quarter. Adirondack Trust Co. now owns 4,800 shares of the semiconductor company's stock worth $91,000 after acquiring an additional 2,000 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Vishay Intertechnology in the third quarter worth $101,000. Hedge funds and other institutional investors own 93.66% of the company's stock.

Vishay Intertechnology Stock Down 0.5 %

VSH traded down $0.10 during trading on Friday, reaching $18.17. The stock had a trading volume of 1,981,465 shares, compared to its average volume of 1,328,409. The stock's 50 day moving average is $17.63 and its two-hundred day moving average is $20.19. The company has a current ratio of 2.81, a quick ratio of 1.85 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 29.00 and a beta of 1.12. Vishay Intertechnology, Inc. has a one year low of $14.95 and a one year high of $24.72.

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

Vishay Intertechnology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.40 annualized dividend and a dividend yield of 2.20%. Vishay Intertechnology's payout ratio is presently 64.52%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com raised Vishay Intertechnology from a "sell" rating to a "hold" rating in a research note on Thursday. TD Cowen decreased their price objective on Vishay Intertechnology from $24.00 to $22.00 and set a "hold" rating for the company in a report on Thursday, August 8th.

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.