Invenomic Capital Management LP Sells 361,791 Shares of Vishay Intertechnology, Inc. $VSH

Invenomic Capital Management LP trimmed its stake in Vishay Intertechnology, Inc. (NYSE:VSH) by 33.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 710,948 shares of the semiconductor company’s stock after selling 361,791 shares during the quarter. Invenomic Capital Management LP’s holdings in Vishay Intertechnology were worth $10,878,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jones Financial Companies Lllp raised its holdings in shares of Vishay Intertechnology by 709.5% during the third quarter. Jones Financial Companies Lllp now owns 1,797 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 1,575 shares during the period. GAMMA Investing LLC boosted its position in shares of Vishay Intertechnology by 12.2% during the 3rd quarter. GAMMA Investing LLC now owns 9,697 shares of the semiconductor company’s stock worth $148,000 after purchasing an additional 1,052 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Vishay Intertechnology in the 3rd quarter valued at about $171,000. Inscription Capital LLC bought a new stake in Vishay Intertechnology in the 3rd quarter valued at about $173,000. Finally, Entropy Technologies LP bought a new stake in Vishay Intertechnology in the 3rd quarter valued at about $182,000. 93.66% of the stock is owned by institutional investors.

Vishay Intertechnology Price Performance

Vishay Intertechnology stock opened at $17.25 on Monday. Vishay Intertechnology, Inc. has a 52 week low of $10.35 and a 52 week high of $22.00. The company’s 50 day moving average price is $18.42 and its two-hundred day moving average price is $16.31. The stock has a market cap of $2.34 billion, a P/E ratio of -246.38 and a beta of 1.14. The company has a quick ratio of 1.57, a current ratio of 2.62 and a debt-to-equity ratio of 0.46.

Vishay Intertechnology (NYSE:VSH) last released its earnings results on Wednesday, February 4th. The semiconductor company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The business had revenue of $800.92 million for the quarter, compared to the consensus estimate of $790.47 million. Vishay Intertechnology had a negative return on equity of 0.32% and a negative net margin of 0.29%.The company’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities analysts predict that Vishay Intertechnology, Inc. will post 0.53 earnings per share for the current year.

Vishay Intertechnology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.40 annualized dividend and a yield of 2.3%. Vishay Intertechnology’s dividend payout ratio (DPR) is -571.43%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VSH. Weiss Ratings reiterated a “sell (d)” rating on shares of Vishay Intertechnology in a report on Wednesday, January 21st. Bank of America boosted their price objective on Vishay Intertechnology from $14.00 to $16.00 and gave the company an “underperform” rating in a report on Thursday, January 22nd. Argus raised Vishay Intertechnology to a “strong-buy” rating in a research report on Monday, February 9th. Zacks Research cut Vishay Intertechnology from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Vishay Intertechnology from $14.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Vishay Intertechnology currently has an average rating of “Reduce” and an average price target of $18.00.

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.