Wilsey Asset Management Inc Lowers stake in Vishay Intertechnology (VSH)

Vishay Intertechnology (VSH) : Wilsey Asset Management Inc reduced its stake in Vishay Intertechnology by 1.83% during the most recent quarter end. The investment management company now holds a total of 423,615 shares of Vishay Intertechnology which is valued at $6,011,097 after selling 7,902 shares in Vishay Intertechnology , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Vishay Intertechnology makes up approximately 4.58% of Wilsey Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Fisher Asset Management boosted its stake in VSH in the latest quarter, The investment management firm added 314,371 additional shares and now holds a total of 5,021,225 shares of Vishay Intertechnology which is valued at $71,251,183. Vishay Intertechnology makes up approx 0.13% of Fisher Asset Management’s portfolio. First Mercantile Trust Co added VSH to its portfolio by purchasing 23,170 company shares during the most recent quarter which is valued at $325,770. Vishay Intertechnology makes up approx 0.04% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in VSH by selling 51,140 shares or 61.73% in the most recent quarter. The Hedge Fund company now holds 31,705 shares of VSH which is valued at $447,992.

Vishay Intertechnology closed down -0.26 points or -1.83% at $13.93 with 9,75,017 shares getting traded on Tuesday. Post opening the session at $14.19, the shares hit an intraday low of $13.8 and an intraday high of $14.19 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Vishay Intertechnology reported $0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.22. The company had revenue of $590.05 million for the quarter, compared to analysts expectations of $586.45 million. The company’s revenue was down -.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.20 EPS.

Vishay Intertechnology Inc. is a global manufacturer and supplier of discrete semiconductors and passive components. The Company supports the microprocessor chips and other integrated circuits (ICs) that coordinate and control the functions of electronic devices and equipment. The Company offers its customers access to electronic component product lines of any manufacturer in the United States Europe and Asia. The Company’s products are of two classes: semiconductors and passive components. The Company’s semiconductors include MOSFETs diodes and optoelectronic components which operate in both the commodity and non-commodity markets. Its passive components include resistors capacitors and magnetics such as inductors and transformers. The Company operates through five product segments: MOSFETs Diodes Optoelectronic Components Resistors & Inductors and Capacitors.

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