Thrivent Financial For Lutherans reduced its position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 96.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,920 shares of the semiconductor company’s stock after selling 851,300 shares during the period. Thrivent Financial For Lutherans’ holdings in Vishay Intertechnology were worth $447,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Laurion Capital Management LP acquired a new position in Vishay Intertechnology during the second quarter valued at approximately $2,132,000. Teachers Advisors LLC lifted its position in Vishay Intertechnology by 8.7% during the second quarter. Teachers Advisors LLC now owns 245,828 shares of the semiconductor company’s stock valued at $4,081,000 after buying an additional 19,639 shares in the last quarter. Riverhead Capital Management LLC lifted its position in Vishay Intertechnology by 65.1% during the second quarter. Riverhead Capital Management LLC now owns 8,090 shares of the semiconductor company’s stock valued at $134,000 after buying an additional 3,190 shares in the last quarter. AJO LP lifted its position in Vishay Intertechnology by 6.7% during the second quarter. AJO LP now owns 967,996 shares of the semiconductor company’s stock valued at $16,069,000 after buying an additional 60,381 shares in the last quarter. Finally, Systematic Financial Management LP lifted its position in Vishay Intertechnology by 21.1% during the second quarter. Systematic Financial Management LP now owns 1,234,992 shares of the semiconductor company’s stock valued at $20,501,000 after buying an additional 215,039 shares in the last quarter.
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A number of research analysts have weighed in on VSH shares. Zacks Investment Research upgraded shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a research note on Thursday, October 5th. Stifel Nicolaus reiterated a “hold” rating and set a $17.00 price objective on shares of Vishay Intertechnology in a research note on Monday, August 14th. Finally, BidaskClub upgraded shares of Vishay Intertechnology from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $19.50.
Vishay Intertechnology, Inc. (NYSE VSH) opened at 21.75 on Friday. The firm has a market cap of $3.18 billion, a P/E ratio of 41.27 and a beta of 1.24. The stock’s 50 day moving average is $19.42 and its 200 day moving average is $17.53. Vishay Intertechnology, Inc. has a one year low of $13.75 and a one year high of $21.90.
Vishay Intertechnology (NYSE:VSH) last announced its earnings results on Monday, November 6th. The semiconductor company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.37 by $0.05. Vishay Intertechnology had a return on equity of 9.89% and a net margin of 3.34%. The company had revenue of $677.90 million for the quarter, compared to analyst estimates of $660.32 million. During the same quarter in the prior year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, equities research analysts expect that Vishay Intertechnology, Inc. will post $1.35 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Friday, September 15th were given a dividend of $0.0625 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.25 annualized dividend and a dividend yield of 1.15%. Vishay Intertechnology’s payout ratio is 49.02%.
Vishay Intertechnology announced that its Board of Directors has approved a stock repurchase program on Wednesday, August 2nd that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the semiconductor company to purchase up to 5.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
About Vishay Intertechnology
Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five product segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors and Capacitors. MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs.
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