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Hedge Funds Are Betting On Vishay Intertechnology (VSH)

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Is Vishay Intertechnology (NYSE:VSH) a good investment?

If you were to ask many of your peers, hedge funds are perceived as bloated, old investment tools of an era lost to time. Although there are In excess of 8,000 hedge funds in operation currently, this site looks at the aristocrats of this club, around 525 funds. It is assumed that this group controls the lion’s share of the hedge fund industry’s total assets, and by paying attention to their highest performing picks, we’ve unsheathed a number of investment strategies that have historically outpaced the market. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have topped the S&P 500 index by 33 percentage points in 11 months (see all of our picks from August)

Vishay Intertechnology (NYSE:VSH)

Just as useful, optimistic insider trading sentiment is another way to look at the financial markets. As the old adage goes: there are lots of motivations for an executive to sell shares of his or her company, but only one, very obvious reason why they would initiate a purchase. Plenty of academic studies have demonstrated the valuable potential of this strategy if you understand what to do (learn more here).

Furthermore, it’s important to discuss the recent info about Vishay Intertechnology (NYSE:VSH).

Hedge fund activity in Vishay Intertechnology (NYSE:VSH)

Heading into Q3, a total of 24 of the hedge funds we track were long in this stock, a change of 41% from the first quarter. With hedge funds’ capital changing hands, there exists a select group of key hedge fund managers who were boosting their stakes meaningfully.

Out of the hedge funds we follow, Royce & Associates, managed by Chuck Royce, holds the most valuable position in Vishay Intertechnology (NYSE:VSH). Royce & Associates has a $112.6 million position in the stock, comprising 0.3% of its 13F portfolio. Coming in second is Ken Fisher of Fisher Asset Management, with a $58.3 million position; the fund has 0.2% of its 13F portfolio invested in the stock. Other peers that are bullish include Panayotis Sparaggis’s Alkeon Capital Management, Howard Marks’s Oaktree Capital Management and Cliff Asness’s AQR Capital Management.

As industrywide interest increased, specific money managers were breaking ground themselves. Royce & Associates, managed by Chuck Royce, established the most outsized position in Vishay Intertechnology (NYSE:VSH). Royce & Associates had 112.6 million invested in the company at the end of the quarter. Ken Fisher’s Fisher Asset Management also initiated a $58.3 million position during the quarter. The other funds with brand new VSH positions are Panayotis æTakisÆ Sparaggis’s Alkeon Capital Management, Howard Marks’s Oaktree Capital Management, and Cliff Asness’s AQR Capital Management.

How have insiders been trading Vishay Intertechnology (NYSE:VSH)?

Bullish insider trading is best served when the company we’re looking at has experienced transactions within the past six months. Over the latest half-year time frame, Vishay Intertechnology (NYSE:VSH) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll also take a look at the relationship between both of these indicators in other stocks similar to Vishay Intertechnology (NYSE:VSH). These stocks are Atmel Corporation (NASDAQ:ATML), Mellanox Technologies, Ltd. (NASDAQ:MLNX), Cypress Semiconductor Corporation (NASDAQ:CY), Advanced Micro Devices, Inc. (NYSE:AMD), and Cavium Inc (NASDAQ:CAVM). This group of stocks belong to the semiconductor – broad line industry and their market caps match VSH’s market cap.

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