Pflug Koory LLC Sells 5,545 Shares of Vishay Intertechnology, Inc. $VSH

Pflug Koory LLC lowered its position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 6.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,294 shares of the semiconductor company’s stock after selling 5,545 shares during the quarter. Pflug Koory LLC’s holdings in Vishay Intertechnology were worth $1,180,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VSH. Woodline Partners LP increased its holdings in Vishay Intertechnology by 142.4% in the first quarter. Woodline Partners LP now owns 4,292,204 shares of the semiconductor company’s stock valued at $68,246,000 after purchasing an additional 2,521,413 shares during the last quarter. Bragg Financial Advisors Inc increased its holdings in Vishay Intertechnology by 43.0% in the first quarter. Bragg Financial Advisors Inc now owns 1,584,441 shares of the semiconductor company’s stock valued at $25,193,000 after purchasing an additional 476,372 shares during the last quarter. Nuveen LLC bought a new stake in Vishay Intertechnology in the first quarter valued at about $5,343,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Vishay Intertechnology by 443.2% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 346,855 shares of the semiconductor company’s stock valued at $5,515,000 after purchasing an additional 283,000 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Vishay Intertechnology by 6.5% in the first quarter. American Century Companies Inc. now owns 4,088,369 shares of the semiconductor company’s stock valued at $65,005,000 after purchasing an additional 249,522 shares during the last quarter. Institutional investors own 93.66% of the company’s stock.

Vishay Intertechnology Stock Up 2.0%

VSH stock opened at $16.14 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.70 and a quick ratio of 1.64. The stock has a market capitalization of $2.19 billion, a P/E ratio of -24.83 and a beta of 1.15. The business has a 50-day moving average of $15.35 and a 200-day moving average of $14.98. Vishay Intertechnology, Inc. has a fifty-two week low of $10.35 and a fifty-two week high of $20.15.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.09). The firm had revenue of $762.25 million for the quarter, compared to analyst estimates of $756.07 million. Vishay Intertechnology had a negative return on equity of 0.10% and a negative net margin of 3.00%.The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.17 earnings per share. On average, sell-side analysts anticipate that Vishay Intertechnology, Inc. will post 0.53 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.40 annualized dividend and a yield of 2.5%. Vishay Intertechnology’s dividend payout ratio is -61.54%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wall Street Zen upgraded Vishay Intertechnology from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings restated a “sell (d)” rating on shares of Vishay Intertechnology in a report on Saturday, September 27th. Finally, Zacks Research upgraded Vishay Intertechnology from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Vishay Intertechnology presently has an average rating of “Reduce” and an average target price of $19.00.

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.