Olstein Capital Management L.P. Purchases 16,000 Shares of Vishay Intertechnology, Inc. (NYSE:VSH)

Olstein Capital Management L.P. raised its position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 15.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 120,000 shares of the semiconductor company’s stock after buying an additional 16,000 shares during the quarter. Olstein Capital Management L.P.’s holdings in Vishay Intertechnology were worth $2,269,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of VSH. Matrix Trust Co purchased a new stake in Vishay Intertechnology during the third quarter valued at approximately $25,000. Massmutual Trust Co. FSB ADV increased its position in shares of Vishay Intertechnology by 173.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,367 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 868 shares in the last quarter. Bell Investment Advisors Inc lifted its holdings in shares of Vishay Intertechnology by 122.5% during the 1st quarter. Bell Investment Advisors Inc now owns 1,424 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 784 shares during the last quarter. Headlands Technologies LLC boosted its position in shares of Vishay Intertechnology by 95.7% in the 1st quarter. Headlands Technologies LLC now owns 1,583 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 774 shares in the last quarter. Finally, EntryPoint Capital LLC grew its stake in Vishay Intertechnology by 1,366.2% during the 1st quarter. EntryPoint Capital LLC now owns 1,950 shares of the semiconductor company’s stock worth $44,000 after buying an additional 1,817 shares during the last quarter. 93.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, TD Cowen dropped their price target on Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th.

Vishay Intertechnology Stock Performance

Shares of NYSE VSH traded up $0.28 during midday trading on Thursday, reaching $18.47. The company had a trading volume of 43,342 shares, compared to its average volume of 1,216,236. Vishay Intertechnology, Inc. has a 1 year low of $16.65 and a 1 year high of $24.72. The business’s 50-day simple moving average is $18.22 and its 200 day simple moving average is $20.98. The company has a current ratio of 2.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.38. The stock has a market cap of $2.53 billion, a P/E ratio of 14.79 and a beta of 1.09.

Vishay Intertechnology (NYSE:VSH) last issued its earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07). The firm had revenue of $735.35 million during the quarter, compared to analysts’ expectations of $748.84 million. Vishay Intertechnology had a return on equity of 8.72% and a net margin of 5.48%. The business’s revenue was down 13.9% on a year-over-year basis. During the same quarter last year, the business earned $0.60 EPS. On average, analysts forecast that Vishay Intertechnology, Inc. will post 0.72 earnings per share for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 10th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.40 annualized dividend and a yield of 2.17%. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 32.52%.

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.