Geode Capital Management LLC Cuts Stake in Vishay Intertechnology, Inc. (NYSE:VSH)

Geode Capital Management LLC cut its holdings in Vishay Intertechnology, Inc. (NYSE:VSH) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,896,930 shares of the semiconductor company’s stock after selling 82,561 shares during the period. Geode Capital Management LLC owned 2.12% of Vishay Intertechnology worth $54,791,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VSH. Y Intercept Hong Kong Ltd purchased a new position in Vishay Intertechnology during the 3rd quarter valued at approximately $453,000. Dean Investment Associates LLC grew its holdings in shares of Vishay Intertechnology by 32.8% in the third quarter. Dean Investment Associates LLC now owns 153,730 shares of the semiconductor company’s stock valued at $2,907,000 after purchasing an additional 37,951 shares in the last quarter. Weiss Asset Management LP bought a new stake in Vishay Intertechnology in the third quarter worth $1,055,000. Systematic Financial Management LP raised its stake in Vishay Intertechnology by 15.1% during the third quarter. Systematic Financial Management LP now owns 1,388,337 shares of the semiconductor company’s stock valued at $26,253,000 after purchasing an additional 182,212 shares in the last quarter. Finally, Readystate Asset Management LP bought a new position in Vishay Intertechnology during the third quarter valued at $618,000. 93.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VSH. JPMorgan Chase & Co. assumed coverage on shares of Vishay Intertechnology in a research report on Monday, December 16th. They set a “neutral” rating and a $19.00 target price on the stock. StockNews.com lowered Vishay Intertechnology from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th.

Vishay Intertechnology Price Performance

VSH stock opened at $17.18 on Monday. The stock has a market cap of $2.33 billion, a PE ratio of 27.71 and a beta of 1.12. Vishay Intertechnology, Inc. has a 12 month low of $14.95 and a 12 month high of $24.68. The company has a 50-day moving average price of $17.52 and a 200 day moving average price of $19.71. The company has a current ratio of 2.81, a quick ratio of 1.85 and a debt-to-equity ratio of 0.38.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.06). Vishay Intertechnology had a return on equity of 5.35% and a net margin of 2.88%. The business 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 company posted $0.60 earnings per share. The company’s quarterly revenue was down 13.9% compared to the same quarter last year. Equities research analysts anticipate that Vishay Intertechnology, Inc. will post 0.55 earnings per share for the current year.

Vishay Intertechnology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend was Tuesday, December 3rd. Vishay Intertechnology’s payout ratio is presently 64.52%.

Vishay Intertechnology 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.