Dean Capital Management decreased its holdings in Vishay Intertechnology, Inc. (NYSE:VSH – Free Report) by 46.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 116,330 shares of the semiconductor company’s stock after selling 100,160 shares during the period. Dean Capital Management’s holdings in Vishay Intertechnology were worth $1,780,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its position in shares of Vishay Intertechnology by 709.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,797 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 1,575 shares in the last quarter. GAMMA Investing LLC raised its position in Vishay Intertechnology by 12.2% in the third quarter. GAMMA Investing LLC now owns 9,697 shares of the semiconductor company’s stock worth $148,000 after purchasing an additional 1,052 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in Vishay Intertechnology in the third quarter worth about $171,000. Inscription Capital LLC bought a new position in Vishay Intertechnology during the third quarter worth about $173,000. Finally, Entropy Technologies LP acquired a new stake in Vishay Intertechnology during the third quarter valued at approximately $182,000. 93.66% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research firms have recently weighed in on VSH. Weiss Ratings reiterated a “sell (d)” rating on shares of Vishay Intertechnology in a research note on Wednesday, January 21st. Zacks Research lowered Vishay Intertechnology from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. upped their price target on Vishay Intertechnology from $14.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Bank of America increased their price objective on Vishay Intertechnology from $14.00 to $16.00 and gave the stock an “underperform” rating in a research note on Thursday, January 22nd. Finally, Argus raised Vishay Intertechnology to a “strong-buy” rating in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $18.00.
Vishay Intertechnology Stock Up 0.6%
Shares of NYSE:VSH opened at $17.25 on Monday. The company has a quick ratio of 1.57, a current ratio of 2.62 and a debt-to-equity ratio of 0.46. The firm has a market cap of $2.34 billion, a P/E ratio of -246.38 and a beta of 1.14. Vishay Intertechnology, Inc. has a 12 month low of $10.35 and a 12 month high of $22.00. The company’s 50-day moving average price is $18.42 and its two-hundred day moving average price is $16.31.
Vishay Intertechnology (NYSE:VSH – Get Free Report) last announced its earnings results on Wednesday, February 4th. The semiconductor company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Vishay Intertechnology had a negative return on equity of 0.32% and a negative net margin of 0.29%.The company had revenue of $800.92 million during the quarter, compared to the consensus estimate of $790.47 million. The firm’s revenue was up 12.1% compared to the same quarter last year. As a group, research analysts forecast that Vishay Intertechnology, Inc. will post 0.53 EPS for the current fiscal year.
Vishay Intertechnology Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, March 12th. Vishay Intertechnology’s payout ratio is -571.43%.
Vishay Intertechnology Company Profile
Vishay Intertechnology, Inc is a global manufacturer of discrete semiconductors and passive electronic components, serving a wide range of industries including industrial, automotive, computing, consumer electronics, telecommunications, medical, and military/aerospace markets. The company’s portfolio encompasses resistors, capacitors, inductors, sensors, diodes, rectifiers, MOSFETs and a variety of integrated circuit solutions. Vishay’s components are used in power management, signal conditioning, circuit protection and sensing applications, supporting both standard and custom designs for original equipment manufacturers worldwide.
Originally founded in 1962 by Dr.
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