Penn Mutual Asset Management Buys Shares of 15,000 Vishay Intertechnology, Inc. (NYSE:VSH)

Penn Mutual Asset Management bought a new stake in Vishay Intertechnology, Inc. (NYSE:VSH) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,000 shares of the semiconductor company’s stock, valued at approximately $238,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in shares of Vishay Intertechnology by 602.1% during the first quarter. GAMMA Investing LLC now owns 2,696 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 2,312 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Vishay Intertechnology by 27,083.3% during the first quarter. Larson Financial Group LLC now owns 3,262 shares of the semiconductor company’s stock valued at $52,000 after acquiring an additional 3,250 shares during the last quarter. CWM LLC raised its stake in shares of Vishay Intertechnology by 76.0% during the first quarter. CWM LLC now owns 3,473 shares of the semiconductor company’s stock valued at $55,000 after acquiring an additional 1,500 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of Vishay Intertechnology by 819.2% during the fourth quarter. Sterling Capital Management LLC now owns 3,980 shares of the semiconductor company’s stock valued at $67,000 after acquiring an additional 3,547 shares during the last quarter. Finally, State of Wyoming raised its stake in shares of Vishay Intertechnology by 234.2% during the fourth quarter. State of Wyoming now owns 8,893 shares of the semiconductor company’s stock valued at $151,000 after acquiring an additional 6,232 shares during the last quarter. Institutional investors and hedge funds own 93.66% of the company’s stock.

Insiders Place Their Bets

In other news, Director Michael J. Cody bought 3,500 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was acquired at an average price of $16.12 per share, with a total value of $56,420.00. Following the completion of the purchase, the director directly owned 60,169 shares of the company’s stock, valued at approximately $969,924.28. This represents a 6.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 8.32% of the stock is owned by corporate insiders.

Vishay Intertechnology Price Performance

Shares of NYSE VSH opened at $14.85 on Friday. Vishay Intertechnology, Inc. has a twelve month low of $10.35 and a twelve month high of $20.91. The firm has a fifty day simple moving average of $16.20 and a 200 day simple moving average of $15.51. The company has a market capitalization of $2.01 billion, a PE ratio of -22.85 and a beta of 1.13. The company has a quick ratio of 1.64, a current ratio of 2.70 and a debt-to-equity ratio of 0.44.

Vishay Intertechnology (NYSE:VSH) last announced its earnings results on Wednesday, August 6th. The semiconductor company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). Vishay Intertechnology had a negative return on equity of 0.10% and a negative net margin of 3.00%. The firm had revenue of $762.25 million for the quarter, compared to the consensus estimate of $756.07 million. During the same period in the prior year, the business earned $0.17 EPS. Vishay Intertechnology’s quarterly revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts forecast that Vishay Intertechnology, Inc. will post 0.53 EPS for the current year.

Vishay Intertechnology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, September 11th. Vishay Intertechnology’s dividend payout ratio (DPR) is currently -61.54%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a research note on Sunday.

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.