Principal Financial Group Inc. Reduces Stake in Vishay Intertechnology, Inc. (NYSE:VSH)

Principal Financial Group Inc. lowered its holdings in Vishay Intertechnology, Inc. (NYSE:VSH) by 1.8% during the third quarter, HoldingsChannel reports. The fund owned 1,510,115 shares of the semiconductor company’s stock after selling 27,171 shares during the period. Principal Financial Group Inc.’s holdings in Vishay Intertechnology were worth $30,339,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VSH. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Vishay Intertechnology by 2.3% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 159,722 shares of the semiconductor company’s stock valued at $2,950,000 after acquiring an additional 3,621 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Vishay Intertechnology by 128.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 71,697 shares of the semiconductor company’s stock valued at $1,617,000 after acquiring an additional 40,376 shares during the last quarter. US Bancorp DE increased its holdings in shares of Vishay Intertechnology by 22.9% in the 2nd quarter. US Bancorp DE now owns 2,773 shares of the semiconductor company’s stock valued at $63,000 after acquiring an additional 516 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Vishay Intertechnology by 55.0% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 2,603 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 924 shares during the last quarter. Finally, Cresset Asset Management LLC purchased a new position in Vishay Intertechnology during the 2nd quarter worth approximately $210,000. Institutional investors and hedge funds own 84.15% of the company’s stock.

NYSE:VSH opened at $22.27 on Friday. The stock’s 50 day moving average price is $21.23 and its 200 day moving average price is $21.18. The company has a market capitalization of $3.22 billion, a PE ratio of 10.81, a P/E/G ratio of 0.43 and a beta of 1.34. The company has a quick ratio of 2.23, a current ratio of 3.06 and a debt-to-equity ratio of 0.26. Vishay Intertechnology, Inc. has a 52-week low of $19.00 and a 52-week high of $26.50.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings results on Wednesday, November 3rd. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). Vishay Intertechnology had a return on equity of 17.68% and a net margin of 9.76%. The firm had revenue of $813.66 million for the quarter, compared to analysts’ expectations of $832.73 million. During the same quarter in the prior year, the business earned $0.25 EPS. The company’s quarterly revenue was up 27.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Vishay Intertechnology, Inc. will post 2.32 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 17th. Shareholders of record on Tuesday, December 7th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.80%. This is a boost from Vishay Intertechnology’s previous quarterly dividend of $0.10. The ex-dividend date was Monday, December 6th. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 19.42%.

Separately, Cowen dropped their price target on Vishay Intertechnology from $27.00 to $22.00 and set a “market perform” rating on the stock in a research note on Thursday, October 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $23.36.

Vishay Intertechnology Profile

Vishay Intertechnology, Inc engages in the manufacture and distribution of discrete semiconductors and passive components. It operates through the following segments: MOSFET (metal oxide semiconductor field-effect transistor), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors. The MOSFET segment offers semiconductors which function as solid state switches to control power.

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

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