Olstein Capital Management L.P. Trims Holdings in Vishay Intertechnology, Inc. $VSH

Olstein Capital Management L.P. lowered its stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 23.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 77,000 shares of the semiconductor company’s stock after selling 23,000 shares during the period. Olstein Capital Management L.P.’s holdings in Vishay Intertechnology were worth $1,116,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue raised its position in Vishay Intertechnology by 25.6% in the third quarter. State of Alaska Department of Revenue now owns 247,392 shares of the semiconductor company’s stock valued at $3,784,000 after purchasing an additional 50,467 shares during the period. SG Americas Securities LLC boosted its position in shares of Vishay Intertechnology by 355.0% during the fourth quarter. SG Americas Securities LLC now owns 149,461 shares of the semiconductor company’s stock worth $2,166,000 after buying an additional 116,609 shares during the period. Tudor Investment Corp ET AL purchased a new position in shares of Vishay Intertechnology during the third quarter worth $12,306,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Vishay Intertechnology in the third quarter valued at $1,911,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Vishay Intertechnology in the third quarter valued at $2,006,000. Institutional investors and hedge funds own 93.66% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Argus raised Vishay Intertechnology to a “strong-buy” rating in a research note on Monday, February 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Vishay Intertechnology in a research report on Wednesday, January 21st. JPMorgan Chase & Co. boosted their price target on shares of Vishay Intertechnology from $14.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Zacks Research raised shares of Vishay Intertechnology from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Bank of America raised their price objective on shares of Vishay Intertechnology from $14.00 to $16.00 and gave the company an “underperform” rating in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $18.00.

Vishay Intertechnology Stock Down 3.0%

Vishay Intertechnology stock opened at $32.57 on Friday. The firm has a market capitalization of $4.42 billion, a P/E ratio of -465.16 and a beta of 1.53. The company has a current ratio of 2.62, a quick ratio of 1.57 and a debt-to-equity ratio of 0.46. Vishay Intertechnology, Inc. has a twelve month low of $11.77 and a twelve month high of $34.23. The stock’s fifty day simple moving average is $21.36 and its 200-day simple moving average is $18.14.

Vishay Intertechnology (NYSE:VSH) last released its earnings results on Wednesday, February 4th. The semiconductor company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). Vishay Intertechnology had a negative return on equity of 0.32% and a negative net margin of 0.29%.The company had revenue of $800.92 million for the quarter, compared to analyst estimates of $790.47 million. Vishay Intertechnology’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities analysts expect that Vishay Intertechnology, Inc. will post 0.51 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, March 12th. Vishay Intertechnology’s dividend payout ratio (DPR) is presently -571.43%.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc is a global manufacturer of discrete semiconductors and passive electronic components, serving a wide range of industries including industrial, automotive, computing, consumer electronics, telecommunications, medical, and military/aerospace markets. The company’s portfolio encompasses resistors, capacitors, inductors, sensors, diodes, rectifiers, MOSFETs and a variety of integrated circuit solutions. Vishay’s components are used in power management, signal conditioning, circuit protection and sensing applications, supporting both standard and custom designs for original equipment manufacturers worldwide.

Originally founded in 1962 by Dr.