Wasatch Global Investors, an investment management firm, published its “Wasatch Small Cap Value Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. The Wasatch Small Cap Value Fund—Investor Class gained 6.60% in the fourth quarter of 2021 and outperformed its benchmark. For the one-year period ended December 31, 2021, the Fund gained 25.38%. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.
Wasatch Small Cap Value Fund, in its Q4 2021 investor letter, mentioned Vishay Intertechnology, Inc. (NYSE: VSH) and discussed its stance on the firm. Founded in1962, Vishay Intertechnology, Inc. is a Malvern, Pennsylvania-based semiconductor manufacturing company with a $2.8 billion market capitalization, and is currently spearheaded by its CEO, Gerald Paul. VSH delivered a -17.65% return since the beginning of the year, while its 12-month returns are down by -26.16%. The stock closed at $18.01 per share on March 08, 2022.
Here is what Wasatch Small Cap Value Fund has to say about Vishay Intertechnology, Inc. in its Q4 2021 investor letter:
“In managing the Fund, we seek balance by investing across three areas: Fallen Angels (growth stocks that have slid into value territory due to short-term factors), Undiscovered Gems (inexpensive growth companies flying below Wall Street’s radar) and Quality Value companies (those with characteristics such as strong fundamentals, low leverage and attractive valuations). While our overall approach to investing is long-term, we often have a shorter time horizon when it comes to Quality Value than we do in the other two categories, since this part of our approach is designed to identify “mean reversion” potential in undervalued stocks. Stocks’ wide and frequent swings across sectors, styles and—more recently—the market as a whole have given us an abundance of opportunities to invest in companies that we consider high quality whose stocks are trading below what we assess as their fair value. We added two such companies to the portfolio in the fourth quarter. One was semiconductor producer Vishay Intertechnology, Inc. (VSH). (Current and future holdings are subject to risk.)”
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Our calculations show that Vishay Intertechnology, Inc. (NYSE: VSH) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. VSH was in 31 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 28 funds in the previous quarter. Vishay Intertechnology, Inc. (NYSE: VSH) delivered a -15.68% return in the past 3 months.
In January 2022, we published an article that includes VSH in the 5 Best Low Cost Tech Stocks to Buy Right Now. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.
Disclosure: None. This article is originally published at Insider Monkey.
