William Blair Investment Management LLC Sells 106,482 Shares of Vishay Intertechnology, Inc. $VSH

William Blair Investment Management LLC reduced its position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 5.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,761,526 shares of the semiconductor company’s stock after selling 106,482 shares during the period. William Blair Investment Management LLC owned approximately 1.30% of Vishay Intertechnology worth $26,951,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its position in shares of 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 acquiring an additional 50,467 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Vishay Intertechnology during the third quarter worth about $1,911,000. Live Oak Private Wealth LLC raised its stake in Vishay Intertechnology by 45.7% in the 3rd quarter. Live Oak Private Wealth LLC now owns 442,758 shares of the semiconductor company’s stock worth $6,774,000 after purchasing an additional 138,965 shares in the last quarter. Atria Investments Inc boosted its holdings in Vishay Intertechnology by 21.0% in the 2nd quarter. Atria Investments Inc now owns 25,478 shares of the semiconductor company’s stock valued at $405,000 after purchasing an additional 4,423 shares during the period. Finally, Brandywine Global Investment Management LLC bought a new stake in Vishay Intertechnology in the 2nd quarter valued at about $3,451,000. 93.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Argus raised shares of Vishay Intertechnology to a “strong-buy” rating in a report on Monday, February 9th. Weiss Ratings restated a “sell (d)” rating on shares of Vishay Intertechnology in a research note on Wednesday, January 21st. Bank of America lifted 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. Zacks Research downgraded Vishay Intertechnology from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Finally, JPMorgan Chase & Co. raised their price target on Vishay Intertechnology from $14.00 to $20.00 and gave the stock 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 company’s stock. According to MarketBeat, Vishay Intertechnology currently has a consensus rating of “Reduce” and a consensus target price of $18.00.

Vishay Intertechnology Price Performance

VSH stock opened at $19.15 on Tuesday. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of -273.52 and a beta of 1.14. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.57. The company has a 50 day simple moving average of $17.99 and a 200 day simple moving average of $16.17. Vishay Intertechnology, Inc. has a 1 year low of $10.35 and a 1 year high of $22.00.

Vishay Intertechnology (NYSE:VSH) last issued its earnings results on Wednesday, February 4th. The semiconductor company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $800.92 million during the quarter, compared to analyst estimates of $790.47 million. Vishay Intertechnology had a negative net margin of 0.29% and a negative return on equity of 0.32%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. Research analysts anticipate that Vishay Intertechnology, Inc. will post 0.53 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, March 12th. Vishay Intertechnology’s dividend payout ratio is presently -571.43%.

About Vishay Intertechnology

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.