Olstein Capital Management L.P. Raises Stock Position in Vishay Intertechnology, Inc. (NYSE:VSH)

Olstein Capital Management L.P. increased its position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 26.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 104,000 shares of the semiconductor company’s stock after purchasing an additional 22,000 shares during the quarter. Olstein Capital Management L.P.’s holdings in Vishay Intertechnology were worth $2,359,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of VSH. Rise Advisors LLC acquired a new position in shares of Vishay Intertechnology during the 1st quarter worth $27,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of Vishay Intertechnology in the fourth quarter valued at about $48,000. Hexagon Capital Partners LLC grew its position in shares of Vishay Intertechnology by 183.8% in the fourth quarter. Hexagon Capital Partners LLC now owns 2,123 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 1,375 shares during the last quarter. WealthTrust Axiom LLC purchased a new position in shares of Vishay Intertechnology during the 4th quarter worth approximately $210,000. Finally, AlphaMark Advisors LLC raised its position in shares of Vishay Intertechnology by 5.4% during the 4th quarter. AlphaMark Advisors LLC now owns 10,024 shares of the semiconductor company’s stock worth $240,000 after purchasing an additional 510 shares during the last quarter. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

Vishay Intertechnology Trading Up 1.3 %

Shares of NYSE:VSH traded up $0.28 during trading on Wednesday, reaching $22.24. The stock had a trading volume of 382,198 shares, compared to its average volume of 1,207,403. The company has a quick ratio of 2.08, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a market cap of $3.05 billion, a P/E ratio of 12.61 and a beta of 1.12. The business has a fifty day moving average price of $22.91 and a 200-day moving average price of $22.57. Vishay Intertechnology, Inc. has a fifty-two week low of $20.83 and a fifty-two week high of $30.10.

Vishay Intertechnology (NYSE:VSH) last released its earnings results on Wednesday, May 8th. The semiconductor company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. Vishay Intertechnology had a net margin of 7.41% and a return on equity of 11.95%. The firm had revenue of $746.30 million during the quarter, compared to analysts’ expectations of $735.96 million. During the same period in the previous year, the company earned $0.79 EPS. Vishay Intertechnology’s revenue for the quarter was down 14.3% on a year-over-year basis. As a group, analysts anticipate that Vishay Intertechnology, Inc. will post 0.87 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were given 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 1.80%. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 22.99%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, Director John Malvisi acquired 8,929 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was bought at an average price of $22.60 per share, with a total value of $201,795.40. Following the purchase, the director now directly owns 16,438 shares in the company, valued at approximately $371,498.80. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 8.14% of the stock is owned by corporate insiders.

Vishay Intertechnology Profile

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.