Bank of New York Mellon Corp Reduces Stock Holdings in Vishay Intertechnology, Inc. (NYSE:VSH)

Bank of New York Mellon Corp decreased its position in Vishay Intertechnology, Inc. (NYSE:VSHFree Report) by 20.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,356,028 shares of the semiconductor company’s stock after selling 348,548 shares during the quarter. Bank of New York Mellon Corp owned 1.00% of Vishay Intertechnology worth $21,561,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. First Trust Advisors LP raised its stake in shares of Vishay Intertechnology by 34.5% during the 4th quarter. First Trust Advisors LP now owns 5,077,379 shares of the semiconductor company’s stock worth $86,011,000 after buying an additional 1,301,383 shares during the last quarter. Sei Investments Co. increased its position in Vishay Intertechnology by 20.6% in the fourth quarter. Sei Investments Co. now owns 170,659 shares of the semiconductor company’s stock worth $2,891,000 after buying an additional 29,137 shares during the period. QRG Capital Management Inc. grew its stake in shares of Vishay Intertechnology by 79.3% in the first quarter. QRG Capital Management Inc. now owns 25,399 shares of the semiconductor company’s stock worth $404,000 after purchasing an additional 11,236 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Vishay Intertechnology by 7.9% in the 4th quarter. Vanguard Group Inc. now owns 16,626,430 shares of the semiconductor company’s stock valued at $281,652,000 after purchasing an additional 1,224,112 shares during the period. Finally, GAMMA Investing LLC boosted its position in Vishay Intertechnology by 11,063.0% during the 1st quarter. GAMMA Investing LLC now owns 42,866 shares of the semiconductor company’s stock worth $682,000 after acquiring an additional 42,482 shares during the period. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Vishay Intertechnology from a “hold” rating to a “sell” rating in a research report on Saturday, May 10th.

View Our Latest Report on Vishay Intertechnology

Vishay Intertechnology Trading Up 1.6%

NYSE VSH opened at $17.29 on Friday. The company has a current ratio of 2.80, a quick ratio of 1.79 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $2.34 billion, a PE ratio of -35.28 and a beta of 1.12. The stock has a 50-day simple moving average of $15.56 and a 200 day simple moving average of $15.62. Vishay Intertechnology, Inc. has a 12 month low of $10.35 and a 12 month high of $24.69.

Vishay Intertechnology (NYSE:VSHGet Free Report) last announced its earnings results on Wednesday, May 7th. The semiconductor company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). The company had revenue of $715.24 million for the quarter, compared to analyst estimates of $713.50 million. Vishay Intertechnology had a positive return on equity of 1.46% and a negative net margin of 2.28%. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 earnings per share. Research analysts forecast that Vishay Intertechnology, Inc. will post 0.53 EPS for the current year.

Vishay Intertechnology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Wednesday, June 18th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date was Wednesday, June 18th. Vishay Intertechnology’s payout ratio is -81.63%.

Insider Buying and Selling at Vishay Intertechnology

In other news, EVP Roy Shoshani bought 10,000 shares of Vishay Intertechnology stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired at an average price of $14.95 per share, with a total value of $149,500.00. Following the completion of the purchase, the executive vice president directly owned 106,550 shares in the company, valued at $1,592,922.50. The trade was a 10.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael J. Cody purchased 3,500 shares of the business’s stock in a transaction on Wednesday, June 11th. The shares were acquired at an average price of $16.12 per share, with a total value of $56,420.00. Following the completion of the transaction, the director owned 60,169 shares of the company’s stock, valued at approximately $969,924.28. This trade represents a 6.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 16,750 shares of company stock worth $253,568. Insiders own 8.32% of the company’s stock.

Vishay Intertechnology Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Vishay Intertechnology (NYSE:VSH)

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