Foundry Partners LLC Trims Stake in Vishay Intertechnology, Inc. (NYSE:VSH)

Foundry Partners LLC cut its position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 95.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,207 shares of the semiconductor company’s stock after selling 362,959 shares during the period. Foundry Partners LLC’s holdings in Vishay Intertechnology were worth $344,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Intech Investment Management LLC bought a new stake in Vishay Intertechnology in the third quarter worth about $818,000. Quest Partners LLC lifted its stake in shares of Vishay Intertechnology by 4,009,500.0% during the 3rd quarter. Quest Partners LLC now owns 40,096 shares of the semiconductor company’s stock worth $758,000 after acquiring an additional 40,095 shares during the last quarter. Kovack Advisors Inc. purchased a new position in Vishay Intertechnology during the 3rd quarter valued at $788,000. Oppenheimer Asset Management Inc. grew its position in Vishay Intertechnology by 9.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 245,120 shares of the semiconductor company’s stock valued at $4,635,000 after acquiring an additional 22,034 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new stake in Vishay Intertechnology in the third quarter worth $668,000. 93.66% of the stock is owned by hedge funds and other institutional investors.

Vishay Intertechnology Stock Performance

Shares of VSH stock opened at $15.98 on Friday. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 25.77 and a beta of 1.09. Vishay Intertechnology, Inc. has a 52-week low of $14.95 and a 52-week high of $24.72. The company has a quick ratio of 1.85, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average is $17.60 and its 200 day moving average is $20.48.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The company had revenue of $735.35 million during the quarter, compared to analysts’ expectations of $748.84 million. Vishay Intertechnology had a net margin of 2.88% and a return on equity of 5.35%. The company’s revenue was down 13.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share. On average, sell-side analysts anticipate that Vishay Intertechnology, Inc. will post 0.55 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Tuesday, December 3rd. Vishay Intertechnology’s payout ratio is 64.52%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. TD Cowen cut their price target on shares of Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. StockNews.com upgraded Vishay Intertechnology from a “sell” rating to a “hold” rating in a report on Tuesday.

About Vishay Intertechnology

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.