Public Employees Retirement System of Ohio lifted its position in Vishay Intertechnology (NYSE:VSH) by 86.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,043 shares of the semiconductor company’s stock after acquiring an additional 45,466 shares during the quarter. Public Employees Retirement System of Ohio owned 0.07% of Vishay Intertechnology worth $1,843,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Vishay Intertechnology by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,800 shares of the semiconductor company’s stock worth $113,000 after acquiring an additional 600 shares during the last quarter. Riverhead Capital Management LLC boosted its position in Vishay Intertechnology by 65.1% in 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 during the last quarter. Shelton Capital Management purchased a new stake in Vishay Intertechnology in the second quarter valued at approximately $169,000. Oakbrook Investments LLC purchased a new stake in Vishay Intertechnology in the third quarter valued at approximately $192,000. Finally, Bayesian Capital Management LP purchased a new stake in Vishay Intertechnology in the second quarter valued at approximately $212,000.
In related news, CEO Gerald Paul sold 50,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $21.37, for a total value of $1,068,500.00. Following the completion of the transaction, the chief executive officer now directly owns 162,986 shares of the company’s stock, valued at approximately $3,483,010.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Abraham Ludomirski sold 20,000 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $21.79, for a total value of $435,800.00. Following the transaction, the director now directly owns 86,232 shares of the company’s stock, valued at $1,878,995.28. The disclosure for this sale can be found here. Insiders own 7.91% of the company’s stock.
VSH has been the subject of a number of analyst reports. Zacks Investment Research raised Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $22.00 price target for the company in a report on Thursday, October 5th. Citigroup upped their target price on Vishay Intertechnology from $16.00 to $19.00 and gave the stock a “sell” rating in a research note on Friday, October 27th. Finally, Stifel Nicolaus upped their target price on Vishay Intertechnology from $18.00 to $20.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Vishay Intertechnology currently has an average rating of “Hold” and an average target price of $20.33.
Shares of Vishay Intertechnology (NYSE:VSH) traded down $0.60 during trading hours on Wednesday, reaching $21.25. The company’s stock had a trading volume of 1,954,300 shares, compared to its average volume of 1,143,217. The stock has a market cap of $3,060.00, a PE ratio of 31.25, a P/E/G ratio of 0.68 and a beta of 1.20. The company has a current ratio of 4.33, a quick ratio of 3.44 and a debt-to-equity ratio of 0.38. Vishay Intertechnology has a 12 month low of $15.35 and a 12 month high of $23.45.
Vishay Intertechnology (NYSE:VSH) last posted its earnings results on Thursday, October 26th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.05. Vishay Intertechnology had a return on equity of 11.77% and a net margin of 4.34%. The firm 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. Vishay Intertechnology’s revenue was up 14.5% on a year-over-year basis. analysts predict that Vishay Intertechnology will post 1.41 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th were issued a $0.0675 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.27%. This is a boost from Vishay Intertechnology’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, December 6th. Vishay Intertechnology’s payout ratio is 39.71%.
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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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