Invenomic Capital Management LP Invests $3.05 Million in Vishay Intertechnology, Inc. (NYSE:VSH)

Invenomic Capital Management LP acquired a new position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 134,602 shares of the semiconductor company’s stock, valued at approximately $3,053,000. Invenomic Capital Management LP owned 0.10% of Vishay Intertechnology at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Janus Henderson Group PLC raised its holdings in Vishay Intertechnology by 53.7% in the first quarter. Janus Henderson Group PLC now owns 747,269 shares of the semiconductor company’s stock valued at $16,947,000 after buying an additional 261,175 shares during the period. Price T Rowe Associates Inc. MD grew its position in Vishay Intertechnology by 6.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 80,653 shares of the semiconductor company’s stock valued at $1,830,000 after acquiring an additional 4,614 shares in the last quarter. BOKF NA acquired a new stake in Vishay Intertechnology in the first quarter valued at approximately $299,000. EntryPoint Capital LLC grew its position in Vishay Intertechnology by 1,366.2% in the first quarter. EntryPoint Capital LLC now owns 1,950 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 1,817 shares in the last quarter. Finally, MQS Management LLC grew its position in Vishay Intertechnology by 102.5% in the first quarter. MQS Management LLC now owns 18,966 shares of the semiconductor company’s stock valued at $430,000 after acquiring an additional 9,600 shares in the last quarter. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

Vishay Intertechnology Stock Performance

Vishay Intertechnology stock traded up $0.48 during mid-day trading on Wednesday, reaching $24.32. The company’s stock had a trading volume of 220,549 shares, compared to its average volume of 1,178,404. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 13.70 and a beta of 1.12. The business has a 50 day moving average price of $23.04 and a 200-day moving average price of $22.55. The company has a current ratio of 3.02, a quick ratio of 2.08 and a debt-to-equity ratio of 0.37. Vishay Intertechnology, Inc. has a twelve month low of $20.83 and a twelve month high of $28.41.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings data on Wednesday, May 8th. The semiconductor company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $746.30 million for the quarter, compared to analysts’ expectations of $735.96 million. Vishay Intertechnology had a net margin of 7.41% and a return on equity of 11.95%. The company’s revenue was down 14.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.79 earnings per share. Sell-side analysts predict that Vishay Intertechnology, Inc. will post 0.73 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.40 annualized dividend and a yield of 1.64%. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 22.99%.

Insider Activity

In related news, Director John Malvisi bought 8,929 shares of Vishay Intertechnology stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average cost of $22.60 per share, for a total transaction of $201,795.40. Following the acquisition, the director now owns 16,438 shares in the company, valued at $371,498.80. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.14% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus reissued a “buy” rating and set a $25.00 price target on shares of Vishay Intertechnology in a research report on Wednesday, April 3rd.

About Vishay Intertechnology

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.