Sona Asset Management US LLC Acquires Shares of 32,300 Vishay Intertechnology, Inc. (NYSE:VSH)

Sona Asset Management US LLC purchased a new position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 32,300 shares of the semiconductor company’s stock, valued at approximately $547,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Vishay Intertechnology by 7.9% during the 4th quarter. Vanguard Group Inc. now owns 16,626,430 shares of the semiconductor company’s stock worth $281,652,000 after purchasing an additional 1,224,112 shares in the last quarter. Norges Bank purchased a new stake in shares of Vishay Intertechnology in the fourth quarter valued at $143,719,000. First Trust Advisors LP boosted its stake in shares of Vishay Intertechnology by 34.5% during the fourth quarter. First Trust Advisors LP now owns 5,077,379 shares of the semiconductor company’s stock valued at $86,011,000 after acquiring an additional 1,301,383 shares during the last quarter. American Century Companies Inc. increased its position in Vishay Intertechnology by 9.3% during the 4th quarter. American Century Companies Inc. now owns 3,838,847 shares of the semiconductor company’s stock worth $65,030,000 after purchasing an additional 325,859 shares in the last quarter. Finally, Hood River Capital Management LLC acquired a new position in Vishay Intertechnology in the 4th quarter valued at about $53,860,000. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

Vishay Intertechnology Price Performance

Shares of NYSE:VSH opened at $15.03 on Friday. The business has a fifty day simple moving average of $13.95 and a 200-day simple moving average of $16.15. Vishay Intertechnology, Inc. has a 52 week low of $10.35 and a 52 week high of $24.69. The company has a market cap of $2.04 billion, a P/E ratio of -62.63 and a beta of 1.06. The company has a quick ratio of 1.73, a current ratio of 2.70 and a debt-to-equity ratio of 0.45.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported ($0.03) EPS for the quarter, meeting analysts’ consensus estimates of ($0.03). Vishay Intertechnology had a negative net margin of 1.06% and a positive return on equity of 3.06%. The company had revenue of $715.24 million during the quarter, compared to the consensus estimate of $713.50 million. During the same quarter in the prior year, the company posted $0.22 EPS. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities research analysts forecast that Vishay Intertechnology, Inc. will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a research report on Saturday, May 10th.

Insiders Place Their Bets

In related news, Chairman Marc Zandman sold 27,176 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $16.88, for a total value of $458,730.88. Following the transaction, the chairman now owns 76,468 shares in the company, valued at approximately $1,290,779.84. This trade represents a 26.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Roy Shoshani acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, May 13th. The shares were acquired at an average price of $14.95 per share, with a total value of $149,500.00. Following the completion of the purchase, the executive vice president now owns 106,550 shares of the company’s stock, valued at $1,592,922.50. This trade represents a 10.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 13,000 shares of company stock valued at $193,280 over the last quarter. Company insiders own 8.32% of the company’s stock.

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.