Envestnet Asset Management Inc. Raises Position in Vishay Intertechnology, Inc. (NYSE:VSH)

Envestnet Asset Management Inc. lifted its stake in Vishay Intertechnology, Inc. (NYSE:VSH) by 7.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,587 shares of the semiconductor company’s stock after buying an additional 7,601 shares during the period. Envestnet Asset Management Inc. owned approximately 0.08% of Vishay Intertechnology worth $1,790,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Vishay Intertechnology by 7.9% in the fourth quarter. Vanguard Group Inc. now owns 16,626,430 shares of the semiconductor company’s stock worth $281,652,000 after buying an additional 1,224,112 shares during the period. First Trust Advisors LP boosted its position in shares of Vishay Intertechnology by 34.5% in the fourth 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 period. Hood River Capital Management LLC purchased a new stake in shares of Vishay Intertechnology in the fourth quarter worth about $53,860,000. Van Lanschot Kempen Investment Management N.V. boosted its position in shares of Vishay Intertechnology by 69.4% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,463,334 shares of the semiconductor company’s stock worth $41,729,000 after buying an additional 1,009,042 shares during the period. Finally, Woodline Partners LP boosted its position in shares of Vishay Intertechnology by 148.5% in the fourth quarter. Woodline Partners LP now owns 1,770,791 shares of the semiconductor company’s stock worth $29,997,000 after buying an additional 1,058,173 shares during the period. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Insider Buying and Selling at Vishay Intertechnology

In other news, CFO David Mcconnell acquired 2,000 shares of the business’s stock in a transaction on Monday, May 12th. The shares were purchased at an average price of $14.69 per share, for a total transaction of $29,380.00. Following the completion of the purchase, the chief financial officer directly owned 53,501 shares of the company’s stock, valued at $785,929.69. This represents a 3.88% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael J. Cody acquired 3,500 shares of the business’s stock in a transaction on Wednesday, June 11th. The shares were purchased at an average price of $16.12 per share, for a total transaction of $56,420.00. Following the purchase, the director directly owned 60,169 shares of the company’s stock, valued at $969,924.28. This represents a 6.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 16,750 shares of company stock worth $253,568 over the last quarter. 8.32% of the stock is owned by corporate insiders.

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.

Vishay Intertechnology Trading Down 2.1%

NYSE:VSH opened at $16.86 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.79 and a current ratio of 2.80. Vishay Intertechnology, Inc. has a one year low of $10.35 and a one year high of $24.68. The business’s 50-day simple moving average is $16.02 and its 200 day simple moving average is $15.64. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of -34.41 and a beta of 1.12.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). Vishay Intertechnology had a positive return on equity of 1.46% and a negative net margin of 2.28%. The business had revenue of $715.24 million for the quarter, compared to analysts’ expectations of $713.50 million. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The company’s revenue was down 4.2% compared to the same quarter last year. As a group, sell-side analysts predict that Vishay Intertechnology, Inc. will post 0.53 earnings per share for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, June 18th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.37%. The ex-dividend date was Wednesday, June 18th. Vishay Intertechnology’s payout ratio is currently -81.63%.

About Vishay Intertechnology

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.