Vanguard Group Inc. grew its stake in Vishay Intertechnology, Inc. (NYSE:VSH) by 0.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,216,244 shares of the semiconductor company’s stock after acquiring an additional 26,404 shares during the quarter. Vanguard Group Inc. owned 7.67% of Vishay Intertechnology worth $186,189,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in VSH. BlackRock Inc. increased its stake in Vishay Intertechnology by 16,353.4% during the 1st quarter. BlackRock Inc. now owns 14,187,434 shares of the semiconductor company’s stock worth $233,383,000 after purchasing an additional 14,101,206 shares in the last quarter. LSV Asset Management boosted its position in Vishay Intertechnology by 2.6% during the 2nd quarter. LSV Asset Management now owns 7,144,985 shares of the semiconductor company’s stock worth $118,606,000 after acquiring an additional 178,200 shares during the last quarter. Schroder Investment Management Group boosted its position in Vishay Intertechnology by 12.5% during the 2nd quarter. Schroder Investment Management Group now owns 6,461,157 shares of the semiconductor company’s stock worth $107,579,000 after acquiring an additional 718,745 shares during the last quarter. State Street Corp boosted its holdings in shares of Vishay Intertechnology by 1.2% in the 1st quarter. State Street Corp now owns 4,529,020 shares of the semiconductor company’s stock valued at $74,500,000 after buying an additional 52,978 shares during the last quarter. Finally, DnB Asset Management AS boosted its holdings in shares of Vishay Intertechnology by 30.2% in the 2nd quarter. DnB Asset Management AS now owns 3,761,245 shares of the semiconductor company’s stock valued at $62,437,000 after buying an additional 872,816 shares during the last quarter.
Vishay Intertechnology, Inc. (NYSE VSH) opened at 21.75 on Friday. Vishay Intertechnology, Inc. has a 52-week low of $13.75 and a 52-week high of $21.90. The firm’s 50-day moving average price is $19.42 and its 200 day moving average price is $17.53. The company has a market cap of $3.18 billion, a PE ratio of 41.27 and a beta of 1.24.
Vishay Intertechnology (NYSE:VSH) last posted its earnings results on Thursday, October 26th. The semiconductor company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. The company had revenue of $677.90 million during the quarter, compared to analyst estimates of $660.32 million. Vishay Intertechnology had a return on equity of 9.89% and a net margin of 3.34%. Vishay Intertechnology’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share. On average, equities analysts predict that Vishay Intertechnology, Inc. will post $1.35 EPS for the current fiscal year.
Vishay Intertechnology declared that its board has initiated a stock repurchase plan on Wednesday, August 2nd that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to purchase up to 5.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Friday, September 15th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.25 annualized dividend and a dividend yield of 1.15%. Vishay Intertechnology’s dividend payout ratio is presently 49.02%.
VSH has been the subject of several recent analyst reports. Zacks Investment Research raised Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a report on Thursday, October 5th. Stifel Nicolaus reaffirmed a “hold” rating and set a $17.00 price target on shares of Vishay Intertechnology in a report on Monday, August 14th. Finally, BidaskClub raised Vishay Intertechnology from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $19.50.
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Vishay Intertechnology Company Profile
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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