Legato Capital Management LLC Sells 62,738 Shares of Vishay Intertechnology, Inc. $VSH

Legato Capital Management LLC lessened its position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 46.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,814 shares of the semiconductor company’s stock after selling 62,738 shares during the period. Legato Capital Management LLC owned approximately 0.05% of Vishay Intertechnology worth $1,114,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in VSH. State of Alaska Department of Revenue boosted its holdings in Vishay Intertechnology by 25.6% in the 3rd 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. Y Intercept Hong Kong Ltd bought a new position in shares of Vishay Intertechnology during the third quarter worth approximately $1,911,000. Live Oak Private Wealth LLC raised its position in shares of Vishay Intertechnology by 45.7% in the third quarter. Live Oak Private Wealth LLC now owns 442,758 shares of the semiconductor company’s stock valued at $6,774,000 after buying an additional 138,965 shares in the last quarter. Atria Investments Inc boosted its stake in shares of Vishay Intertechnology by 21.0% in the second quarter. Atria Investments Inc now owns 25,478 shares of the semiconductor company’s stock valued at $405,000 after buying an additional 4,423 shares during the period. Finally, Brandywine Global Investment Management LLC bought a new stake in shares of Vishay Intertechnology in the second quarter valued at approximately $3,451,000. Institutional investors and hedge funds own 93.66% of the company’s stock.

Vishay Intertechnology Trading Down 6.2%

Shares of Vishay Intertechnology stock opened at $17.96 on Wednesday. The firm’s 50 day moving average is $18.05 and its 200 day moving average is $16.19. The firm has a market capitalization of $2.44 billion, a PE ratio of -256.53 and a beta of 1.14. Vishay Intertechnology, Inc. has a 1 year low of $10.35 and a 1 year high of $22.00. 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 (NYSE:VSH) last issued its quarterly earnings data on Wednesday, February 4th. The semiconductor company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The company had revenue of $800.92 million during the quarter, compared to the consensus estimate of $790.47 million. Vishay Intertechnology had a negative net margin of 0.29% and a negative return on equity of 0.32%. Vishay Intertechnology’s revenue for the quarter was up 12.1% on a year-over-year basis. Equities research analysts forecast that Vishay Intertechnology, Inc. will post 0.53 earnings per share for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, March 12th. This represents a $0.40 dividend on an annualized basis and a yield of 2.2%. Vishay Intertechnology’s payout ratio is currently -571.43%.

Analysts Set New Price Targets

VSH has been the topic of a number of recent research reports. Bank of America raised their price objective on Vishay Intertechnology from $14.00 to $16.00 and gave the stock an “underperform” rating in a research note on Thursday, January 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Vishay Intertechnology in a report on Wednesday, January 21st. Argus raised Vishay Intertechnology to a “strong-buy” rating in a research note on Monday, February 9th. Zacks Research cut shares of 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 target price on shares of Vishay Intertechnology from $14.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price 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.