Pinnacle Associates LTD Trimmed Vishay Intertechnology (VSH) Position By $2.25 Million; Freeport-mcmoran (FCX) Shorts Down By 3.77%

May 13, 2018 - By Richard Conner

Vishay Intertechnology, Inc. (NYSE:VSH) Logo

Pinnacle Associates Ltd decreased Vishay Intertechnology Inc (VSH) stake by 8.69% reported in 2017Q4 SEC filing. Pinnacle Associates Ltd sold 112,349 shares as Vishay Intertechnology Inc (VSH)’s stock declined 14.92%. The Pinnacle Associates Ltd holds 1.18M shares with $24.49M value, down from 1.29 million last quarter. Vishay Intertechnology Inc now has $3.04B valuation. It closed at $21.1 lastly. It is up 12.65% since May 13, 2017 and is uptrending. It has outperformed by 1.10% the S&P500.

Freeport-mcmoran Inc (NYSE:FCX) had a decrease of 3.77% in short interest. FCX’s SI was 31.90M shares in May as released by FINRA. Its down 3.77% from 33.15M shares previously. With 15.79M avg volume, 2 days are for Freeport-mcmoran Inc (NYSE:FCX)’s short sellers to cover FCX’s short positions. The SI to Freeport-mcmoran Inc’s float is 2.35%. The stock increased 0.31% or $0.05 during the last trading session, reaching $16.27. About 12.88M shares traded. Freeport-McMoRan Inc. (NYSE:FCX) has risen 41.20% since May 13, 2017 and is uptrending. It has outperformed by 29.65% the S&P500.

Investors sentiment decreased to 0.92 in Q4 2017. Its down 0.08, from 1 in 2017Q3. It turned negative, as 77 investors sold Freeport-McMoRan Inc. shares while 205 reduced holdings. 78 funds opened positions while 182 raised stakes. 989.88 million shares or 2.99% more from 961.13 million shares in 2017Q3 were reported. Ubs Asset Americas owns 0.06% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 3.94 million shares. Thompson Inc holds 379,097 shares or 1.27% of its portfolio. Exane Derivatives holds 995,717 shares or 3.26% of its portfolio. The North Carolina-based Carroll Fincl Assocs Incorporated has invested 0% in Freeport-McMoRan Inc. (NYSE:FCX). Cubist Systematic Strategies Limited Liability holds 78,212 shares. The Michigan-based Asset has invested 0.08% in Freeport-McMoRan Inc. (NYSE:FCX). Nomura Asset Management invested 0.05% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX). North Star Invest Management Corp stated it has 146,853 shares or 0.34% of all its holdings. Ahl Llp owns 338,204 shares or 0.1% of their US portfolio. Ledyard Bankshares, New Hampshire-based fund reported 1,780 shares. 631,761 are held by Main Street Research. 30,698 are owned by Bluefin Trading Ltd Liability Co. State Board Of Administration Of Florida Retirement Sys holds 0.1% or 1.92 million shares. Masters Cap Management Ltd Co reported 2.00M shares stake. Moneta Inv Advisors Limited Liability Corporation has 0% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 16 shares.

Freeport-McMoRan Inc. engages in the mining of mineral properties in the United States, Indonesia, Peru, and Chile. The company has market cap of $23.57 billion. It primarily explores for copper concentrate, copper cathode, copper rod, gold, molybdenum, silver, and other metals, as well as gas and oil. It has a 12.98 P/E ratio. The companyÂ’s portfolio of assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde and El Abra mines in South America.

Since January 31, 2018, it had 0 insider buys, and 1 insider sale for $419,125 activity. WHITMIRE C DONALD JR also sold $419,125 worth of Freeport-McMoRan Inc. (NYSE:FCX) on Wednesday, January 31.

Among 23 analysts covering Freeport-McMoran Copper & Gold (NYSE:FCX), 5 have Buy rating, 5 Sell and 13 Hold. Therefore 22% are positive. Freeport-McMoran Copper & Gold had 106 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Market Perform” rating given on Wednesday, July 26 by BMO Capital Markets. The stock has “Hold” rating by Deutsche Bank on Thursday, November 17. As per Thursday, August 20, the company rating was downgraded by Zacks. Deutsche Bank maintained Freeport-McMoRan Inc. (NYSE:FCX) on Monday, May 2 with “Hold” rating. The firm earned “Sector Perform” rating on Tuesday, October 27 by RBC Capital Markets. The firm earned “Neutral” rating on Friday, January 8 by Macquarie Research. On Monday, August 31 the stock rating was maintained by Deutsche Bank with “Buy”. The stock of Freeport-McMoRan Inc. (NYSE:FCX) has “Hold” rating given on Tuesday, June 27 by BMO Capital Markets. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, March 26. Macquarie Research initiated the shares of FCX in report on Thursday, September 7 with “Hold” rating.

More recent Freeport-McMoRan Inc. (NYSE:FCX) news were published by: Seekingalpha.com which released: “Freeport-McMoRan Will Rebound” on May 03, 2018. Also Seekingalpha.com published the news titled: “Freeport-McMoRan: Weak Actions Hurting Stock” on April 25, 2018. Seekingalpha.com‘s news article titled: “Freeport-McMoRan: Indonesian-Related Sell-Off” with publication date: May 01, 2018 was also an interesting one.

More recent Vishay Intertechnology, Inc. (NYSE:VSH) news were published by: Seekingalpha.com which released: “Vishay Intertechnology’s (VSH) CEO Dr. Gerald Paul on Q1 2018 Results – Earnings Call Transcript” on May 12, 2018. Also Globenewswire.com published the news titled: “Vishay Intertechnology Launches New SensorXplorerâ„¢ Starter Kit” on April 30, 2018. Globenewswire.com‘s news article titled: “Vishay Intertechnology Increases Quarterly Dividend By 26%” with publication date: May 07, 2018 was also an interesting one.

Pinnacle Associates Ltd increased Ishares Tr (MUB) stake by 7,775 shares to 29,775 valued at $3.30 million in 2017Q4. It also upped Golar Lng Ltd Bermuda (NASDAQ:GLNG) stake by 42,725 shares and now owns 461,762 shares. Merck & Co Inc (NYSE:MRK) was raised too.

Among 5 analysts covering Vishay Intertechnology (NYSE:VSH), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 20% are positive. Vishay Intertechnology had 13 analyst reports since August 5, 2015 according to SRatingsIntel. Citigroup maintained the stock with “Sell” rating in Friday, October 27 report. Stifel Nicolaus downgraded Vishay Intertechnology, Inc. (NYSE:VSH) on Wednesday, November 9 to “Hold” rating. On Wednesday, August 5 the stock rating was downgraded by Bank of America to “Underperform”. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, January 18 report. The firm has “Sell” rating given on Friday, October 23 by Citigroup. The rating was downgraded by TheStreet to “Hold” on Saturday, September 5. Stifel Nicolaus maintained the shares of VSH in report on Thursday, October 26 with “Hold” rating. Bank of America upgraded the shares of VSH in report on Wednesday, May 9 to “Buy” rating. The rating was maintained by Stifel Nicolaus on Sunday, August 13 with “Hold”. The rating was maintained by Stifel Nicolaus on Wednesday, October 4 with “Hold”.

Investors sentiment decreased to 1.04 in 2017 Q4. Its down 0.14, from 1.18 in 2017Q3. It worsened, as 16 investors sold VSH shares while 97 reduced holdings. 45 funds opened positions while 72 raised stakes. 156.62 million shares or 0.02% less from 156.66 million shares in 2017Q3 were reported. Lingohr & Partner Asset Mgmt Gmbh has 0.5% invested in Vishay Intertechnology, Inc. (NYSE:VSH). New Mexico Educational Retirement Board reported 0.03% stake. Deutsche Bancorporation Ag has 0.02% invested in Vishay Intertechnology, Inc. (NYSE:VSH). Sg Americas Securities Limited Liability invested 0.01% in Vishay Intertechnology, Inc. (NYSE:VSH). Vident Investment Advisory Ltd Com owns 164,301 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt invested 0.01% in Vishay Intertechnology, Inc. (NYSE:VSH). Menta invested 0.52% of its portfolio in Vishay Intertechnology, Inc. (NYSE:VSH). Tiaa Cref Mngmt Ltd has invested 0% in Vishay Intertechnology, Inc. (NYSE:VSH). Victory Cap Management Inc has 1.07 million shares. Hudock Cap Limited Co accumulated 0% or 18 shares. Roanoke Asset Mgmt New York holds 0.22% or 22,453 shares. Manufacturers Life The holds 0.01% of its portfolio in Vishay Intertechnology, Inc. (NYSE:VSH) for 314,389 shares. Rhumbline Advisers reported 319,382 shares. Great Lakes Advsr Ltd invested 0.01% of its portfolio in Vishay Intertechnology, Inc. (NYSE:VSH). Oregon Pub Employees Retirement Fund holds 0.01% or 49,417 shares in its portfolio.

Freeport-McMoRan Inc. (NYSE:FCX) Institutional Positions Chart

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