Vishay Intertechnology, Inc. $VSH Stock Holdings Reduced by Legato Capital Management LLC

Legato Capital Management LLC lowered its position in Vishay Intertechnology, Inc. (NYSE:VSH) by 83.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,721 shares of the semiconductor company’s stock after selling 61,093 shares during the quarter. Legato Capital Management LLC’s holdings in Vishay Intertechnology were worth $170,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VSH. Jones Financial Companies Lllp grew its stake in Vishay Intertechnology by 709.5% in the third quarter. Jones Financial Companies Lllp now owns 1,797 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 1,575 shares in the last quarter. Quarry LP purchased a new position in Vishay Intertechnology in the third quarter valued at about $39,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Vishay Intertechnology in the fourth quarter valued at about $87,000. Covestor Ltd grew its stake in Vishay Intertechnology by 16.9% in the fourth quarter. Covestor Ltd now owns 10,442 shares of the semiconductor company’s stock valued at $151,000 after purchasing an additional 1,510 shares in the last quarter. Finally, Vest Financial LLC purchased a new position in Vishay Intertechnology in the fourth quarter valued at about $181,000. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on VSH. Bank of America boosted their target price on Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a research note on Thursday, May 14th. Zacks Research upgraded Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Argus upgraded Vishay Intertechnology to a “strong-buy” rating in a research note on Monday, February 9th. Wall Street Zen upgraded Vishay Intertechnology from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, JPMorgan Chase & Co. upped their price target on Vishay Intertechnology from $14.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Vishay Intertechnology Stock Performance

VSH opened at $52.33 on Friday. The company has a market cap of $7.12 billion, a PE ratio of 5,233.10 and a beta of 1.53. The stock has a 50-day moving average of $28.38 and a 200-day moving average of $20.76. Vishay Intertechnology, Inc. has a 52-week low of $11.77 and a 52-week high of $53.60. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.53 and a current ratio of 2.64.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings results on Wednesday, May 13th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $839.24 million during the quarter, compared to the consensus estimate of $823.54 million. Vishay Intertechnology had a return on equity of 0.22% and a net margin of 0.07%.The firm’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.03) EPS. As a group, equities research analysts forecast that Vishay Intertechnology, Inc. will post 0.75 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Thursday, June 18th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, June 18th. This represents a $0.40 annualized dividend and a yield of 0.8%. Vishay Intertechnology’s dividend payout ratio is presently 4,000.00%.

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.