Xponance Inc. Cuts Stake in Vishay Intertechnology, Inc. (NYSE:VSH)

Xponance Inc. lowered its stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 6.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,082 shares of the semiconductor company’s stock after selling 1,141 shares during the period. Xponance Inc.’s holdings in Vishay Intertechnology were worth $381,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Bank of Montreal Can increased its stake in shares of Vishay Intertechnology by 6.3% during the second quarter. Bank of Montreal Can now owns 564,819 shares of the semiconductor company’s stock worth $12,675,000 after purchasing an additional 33,473 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Vishay Intertechnology by 14.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 28,637 shares of the semiconductor company’s stock worth $638,000 after purchasing an additional 3,642 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of Vishay Intertechnology by 7.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 26,412 shares of the semiconductor company’s stock worth $589,000 after purchasing an additional 1,856 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Vishay Intertechnology during the second quarter worth about $4,975,000. Finally, Vest Financial LLC increased its stake in shares of Vishay Intertechnology by 33.1% during the second quarter. Vest Financial LLC now owns 49,969 shares of the semiconductor company’s stock worth $1,114,000 after purchasing an additional 12,420 shares in the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Vishay Intertechnology Stock Performance

VSH opened at $18.37 on Wednesday. The firm has a market capitalization of $2.51 billion, a PE ratio of 10.55 and a beta of 1.10. Vishay Intertechnology, Inc. has a twelve month low of $17.42 and a twelve month high of $25.22. The firm’s 50-day moving average price is $20.04 and its 200 day moving average price is $21.73. The company has a current ratio of 2.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.38.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $741.20 million for the quarter, compared to analyst estimates of $754.71 million. Vishay Intertechnology had a net margin of 5.48% and a return on equity of 8.72%. Vishay Intertechnology’s quarterly revenue was down 16.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 earnings per share. As a group, sell-side analysts expect that Vishay Intertechnology, Inc. will post 0.72 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 10th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.40 annualized dividend and a yield of 2.18%. Vishay Intertechnology’s payout ratio is 22.99%.

Analyst Upgrades and Downgrades

Separately, TD Cowen cut their target price on shares of Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating for the company in a research note on Thursday, August 8th.

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.