Parametric Portfolio Associates LLC Reduces Holdings in Vishay Intertechnology (NYSE:VSH)

Parametric Portfolio Associates LLC decreased its holdings in Vishay Intertechnology (NYSE:VSH) by 7.7% in the first quarter, Holdings Channel reports. The fund owned 624,395 shares of the semiconductor company’s stock after selling 51,932 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Vishay Intertechnology were worth $11,533,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in VSH. Norges Bank purchased a new position in Vishay Intertechnology in the fourth quarter worth $29,954,000. Oregon Public Employees Retirement Fund lifted its position in Vishay Intertechnology by 1,701.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 939,780 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 887,599 shares during the period. First Trust Advisors LP lifted its position in Vishay Intertechnology by 707.5% during the first quarter. First Trust Advisors LP now owns 906,431 shares of the semiconductor company’s stock valued at $16,742,000 after purchasing an additional 794,173 shares during the period. Bank of America Corp DE lifted its position in Vishay Intertechnology by 26.6% during the fourth quarter. Bank of America Corp DE now owns 1,242,310 shares of the semiconductor company’s stock valued at $22,374,000 after purchasing an additional 261,277 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Vishay Intertechnology by 229.5% during the first quarter. Assenagon Asset Management S.A. now owns 272,836 shares of the semiconductor company’s stock valued at $5,039,000 after purchasing an additional 190,031 shares during the period. 89.70% of the stock is owned by hedge funds and other institutional investors.

NYSE VSH opened at $15.55 on Thursday. The firm has a market cap of $2.29 billion, a P/E ratio of 7.33, a price-to-earnings-growth ratio of 1.05 and a beta of 1.55. Vishay Intertechnology has a 1 year low of $15.06 and a 1 year high of $26.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.09 and a quick ratio of 2.25.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. Vishay Intertechnology had a net margin of 11.72% and a return on equity of 23.80%. The company had revenue of $745.16 million during the quarter, compared to analysts’ expectations of $754.26 million. During the same quarter in the previous year, the company earned $0.40 earnings per share. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities analysts predict that Vishay Intertechnology will post 1.65 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th will be issued a $0.095 dividend. This is a boost from Vishay Intertechnology’s previous quarterly dividend of $0.09. The ex-dividend date is Wednesday, June 12th. This represents a $0.38 dividend on an annualized basis and a yield of 2.44%. Vishay Intertechnology’s payout ratio is presently 16.04%.

A number of research analysts recently issued reports on the stock. Cowen assumed coverage on shares of Vishay Intertechnology in a research report on Tuesday, May 21st. They set a “market perform” rating and a $17.00 target price for the company. Zacks Investment Research downgraded shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 12th. Finally, ValuEngine downgraded shares of Vishay Intertechnology from a “sell” rating to a “strong sell” rating in a research report on Monday, May 13th. Two research analysts have 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. Vishay Intertechnology has a consensus rating of “Hold” and an average price target of $23.20.

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Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc manufactures and supplies discrete semiconductors and passive components in the United States, Europe, and Asia. The Metal Oxide Semiconductor Field Effect Transistors (MOSFETs) segment offers low- and medium-voltage TrenchFET MOSFETs, high-voltage planar MOSFETs, high voltage super junction MOSFETs, power integrated circuits, and integrated function power devices.

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

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