Pflug Koory LLC Sells 11,905 Shares of Vishay Intertechnology, Inc. (NYSE:VSH)

Pflug Koory LLC lowered its holdings in Vishay Intertechnology, Inc. (NYSE:VSH) by 12.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 80,539 shares of the semiconductor company’s stock after selling 11,905 shares during the quarter. Pflug Koory LLC’s holdings in Vishay Intertechnology were worth $1,364,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in VSH. Quantbot Technologies LP boosted its stake in shares of Vishay Intertechnology by 89.7% in the third quarter. Quantbot Technologies LP now owns 100,864 shares of the semiconductor company’s stock valued at $1,907,000 after buying an additional 47,700 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Vishay Intertechnology by 2.5% during the 3rd quarter. Fisher Asset Management LLC now owns 2,673,088 shares of the semiconductor company’s stock worth $50,548,000 after purchasing an additional 66,268 shares in the last quarter. Kovack Advisors Inc. bought a new position in shares of Vishay Intertechnology in the third quarter worth $788,000. Systematic Financial Management LP raised its stake in Vishay Intertechnology by 15.1% in the third quarter. Systematic Financial Management LP now owns 1,388,337 shares of the semiconductor company’s stock valued at $26,253,000 after purchasing an additional 182,212 shares in the last quarter. Finally, Bernzott Capital Advisors lifted its position in Vishay Intertechnology by 27.9% during the fourth quarter. Bernzott Capital Advisors now owns 363,629 shares of the semiconductor company’s stock worth $6,160,000 after purchasing an additional 79,214 shares during the period. Institutional investors and hedge funds own 93.66% of the company’s stock.

Wall Street Analysts Forecast Growth

VSH has been the subject of several analyst reports. JPMorgan Chase & Co. assumed coverage on shares of Vishay Intertechnology in a research report on Monday, December 16th. They issued a “neutral” rating and a $19.00 target price for the company. StockNews.com upgraded shares of Vishay Intertechnology from a “sell” rating to a “hold” rating in a research report on Thursday, December 26th.

Insider Buying and Selling

In related news, Chairman Marc Zandman sold 20,359 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $16.71, for a total value of $340,198.89. Following the completion of the transaction, the chairman now owns 32,957 shares in the company, valued at $550,711.47. This trade represents a 38.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.14% of the stock is currently owned by corporate insiders.

Vishay Intertechnology Stock Down 1.7 %

Shares of NYSE VSH opened at $16.87 on Friday. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 27.20 and a beta of 1.13. The company has a current ratio of 2.81, a quick ratio of 1.85 and a debt-to-equity ratio of 0.38. Vishay Intertechnology, Inc. has a 12 month low of $14.95 and a 12 month high of $24.68. The stock has a 50-day moving average price of $17.24 and a two-hundred day moving average price of $18.77.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). Vishay Intertechnology had a return on equity of 5.35% and a net margin of 2.88%. The company had revenue of $735.35 million for the quarter, compared to analyst estimates of $748.84 million. During the same quarter in the prior year, the company earned $0.60 earnings per share. Vishay Intertechnology’s revenue for the quarter was down 13.9% compared to the same quarter last year. As a group, analysts forecast that Vishay Intertechnology, Inc. will post 0.56 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Tuesday, December 3rd. Vishay Intertechnology’s dividend payout ratio (DPR) is 64.52%.

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.