Principal Financial Group Inc. Increases Holdings in Vishay Intertechnology, Inc. (NYSE:VSH)

Principal Financial Group Inc. raised its stake in Vishay Intertechnology, Inc. (NYSE:VSH) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,573,745 shares of the semiconductor company’s stock after purchasing an additional 30,515 shares during the quarter. Principal Financial Group Inc. owned about 1.89% of Vishay Intertechnology worth $48,669,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Coldstream Capital Management Inc. acquired a new position in Vishay Intertechnology during the 3rd quarter worth approximately $196,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Vishay Intertechnology during the third quarter worth $453,000. Dean Investment Associates LLC lifted its position in shares of Vishay Intertechnology by 32.8% during the third quarter. Dean Investment Associates LLC now owns 153,730 shares of the semiconductor company’s stock worth $2,907,000 after purchasing an additional 37,951 shares in the last quarter. Weiss Asset Management LP purchased a new position in shares of Vishay Intertechnology in the third quarter valued at $1,055,000. Finally, Systematic Financial Management LP grew its holdings in Vishay Intertechnology by 15.1% during the 3rd 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. Institutional investors and hedge funds own 93.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on VSH shares. StockNews.com cut shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. started coverage on Vishay Intertechnology in a research note on Monday, December 16th. They issued a “neutral” rating and a $19.00 price target on the stock.

Vishay Intertechnology Trading Up 1.0 %

NYSE VSH opened at $17.18 on Monday. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 27.71 and a beta of 1.12. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 1.85. Vishay Intertechnology, Inc. has a 12 month low of $14.95 and a 12 month high of $24.68. The company’s fifty day moving average price is $17.52 and its two-hundred day moving average price is $19.71.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.06). The company had revenue of $735.35 million for the quarter, compared to the consensus estimate of $748.84 million. Vishay Intertechnology had a return on equity of 5.35% and a net margin of 2.88%. The business’s revenue for the quarter was down 13.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 EPS. As a group, research analysts predict that Vishay Intertechnology, Inc. will post 0.55 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The company 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. The ex-dividend date was Tuesday, December 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.33%. Vishay Intertechnology’s dividend payout ratio (DPR) is 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.