Needham Investment Management LLC Grows Stock Holdings in Vishay Intertechnology, Inc. (NYSE:VSH)

Needham Investment Management LLC raised its position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 39.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,260,000 shares of the semiconductor company’s stock after purchasing an additional 355,000 shares during the period. Vishay Intertechnology makes up approximately 1.8% of Needham Investment Management LLC’s holdings, making the stock its 12th largest holding. Needham Investment Management LLC’s holdings in Vishay Intertechnology were worth $23,827,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC increased its holdings in shares of Vishay Intertechnology by 2.5% in the third quarter. Fisher Asset Management LLC now owns 2,673,088 shares of the semiconductor company’s stock worth $50,548,000 after buying an additional 66,268 shares during the period. Quantbot Technologies LP increased its holdings in shares of Vishay Intertechnology by 89.7% in the third quarter. Quantbot Technologies LP now owns 100,864 shares of the semiconductor company’s stock worth $1,907,000 after buying an additional 47,700 shares during the period. Poplar Forest Capital LLC purchased a new position in shares of Vishay Intertechnology in the second quarter worth about $21,160,000. Kovack Advisors Inc. bought a new stake in shares of Vishay Intertechnology in the third quarter worth about $788,000. Finally, Vest Financial LLC grew its stake in shares of Vishay Intertechnology by 65.2% in the third quarter. Vest Financial LLC now owns 82,528 shares of the semiconductor company’s stock worth $1,561,000 after purchasing an additional 32,559 shares during the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on VSH shares. TD Cowen cut their target price on Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. StockNews.com cut Vishay Intertechnology from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

Vishay Intertechnology Stock Down 3.2 %

Shares of VSH traded down $0.61 during mid-day trading on Tuesday, reaching $18.70. The company had a trading volume of 452,304 shares, compared to its average volume of 1,311,090. 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 50-day moving average price of $17.60 and a 200 day moving average price of $20.28. Vishay Intertechnology, Inc. has a 52 week low of $14.95 and a 52 week high of $24.72. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 31.31 and a beta of 1.12.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share 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 analysts’ expectations of $748.84 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Vishay Intertechnology’s revenue was down 13.9% on a year-over-year basis. On average, sell-side analysts forecast that Vishay Intertechnology, Inc. will post 0.55 EPS for the current year.

Vishay Intertechnology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd will be issued a $0.10 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 2.14%. Vishay Intertechnology’s payout ratio is currently 64.52%.

Vishay Intertechnology Company 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.