BlackRock Inc. cut its position in Vishay Intertechnology (NYSE:VSH) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,742,902 shares of the semiconductor company’s stock after selling 501,613 shares during the period. BlackRock Inc. owned 10.92% of Vishay Intertechnology worth $365,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. GAM Holding AG purchased a new stake in Vishay Intertechnology in the second quarter valued at $1,360,000. GSA Capital Partners LLP raised its position in Vishay Intertechnology by 283.4% in the second quarter. GSA Capital Partners LLP now owns 95,527 shares of the semiconductor company’s stock valued at $2,216,000 after purchasing an additional 70,612 shares during the period. Mutual of America Capital Management LLC raised its position in Vishay Intertechnology by 2.8% in the second quarter. Mutual of America Capital Management LLC now owns 117,599 shares of the semiconductor company’s stock valued at $2,728,000 after purchasing an additional 3,167 shares during the period. Evanston Investments Inc. dba Evanston Advisors purchased a new stake in Vishay Intertechnology in the second quarter valued at $3,653,000. Finally, Schwab Charles Investment Management Inc. raised its position in Vishay Intertechnology by 7.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,290,668 shares of the semiconductor company’s stock valued at $29,944,000 after purchasing an additional 85,276 shares during the period. 97.79% of the stock is currently owned by hedge funds and other institutional investors.
VSH stock opened at $21.40 on Friday. The company has a current ratio of 3.89, a quick ratio of 3.02 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $3.08 billion, a P/E ratio of 14.97, a PEG ratio of 1.17 and a beta of 1.22. Vishay Intertechnology has a 12-month low of $17.15 and a 12-month high of $26.50.
Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data on Tuesday, August 7th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.06. The firm had revenue of $761.03 million for the quarter, compared to the consensus estimate of $767.55 million. Vishay Intertechnology had a return on equity of 18.51% and a net margin of 1.84%. research analysts expect that Vishay Intertechnology will post 2 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Friday, September 14th will be issued a $0.085 dividend. The ex-dividend date is Thursday, September 13th. This represents a $0.34 annualized dividend and a dividend yield of 1.59%. Vishay Intertechnology’s dividend payout ratio is presently 23.78%.
A number of research firms have commented on VSH. ValuEngine downgraded Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Citigroup lifted their target price on Vishay Intertechnology from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $24.00 target price on shares of Vishay Intertechnology in a research report on Wednesday, August 8th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $25.50.
In related news, Director Thomas C. Wertheimer sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $20.88, for a total value of $208,800.00. Following the sale, the director now owns 51,137 shares in the company, valued at approximately $1,067,740.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.91% of the stock is currently owned by insiders.
Vishay Intertechnology Profile
Vishay Intertechnology, Inc manufactures and supplies discrete semiconductors and passive components in the United States, Europe, and Asia. The Metal Oxide Semiconductor Field Effect Transistors (MOSFETs) segment offers low- and medium-voltage TrenchFET MOSFETs, high-voltage planar MOSFETs, high voltage super junction MOSFETs, power integrated circuits, and integrated function power devices.
Further Reading: Asset Allocation
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