Virginia Retirement Systems ET AL Raises Position in Vishay Intertechnology, Inc. (VSH)
Virginia Retirement Systems ET AL increased its position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,100 shares of the semiconductor company’s stock after buying an additional 4,200 shares during the period. Virginia Retirement Systems ET AL owned 0.10% of Vishay Intertechnology worth $2,392,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the stock. Teachers Advisors LLC raised its stake in shares of Vishay Intertechnology by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 218,361 shares of the semiconductor company’s stock worth $3,537,000 after buying an additional 5,393 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of Vishay Intertechnology by 0.5% in the first quarter. Capstone Asset Management Co. now owns 17,708 shares of the semiconductor company’s stock worth $291,000 after buying an additional 80 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Vishay Intertechnology by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 33,800 shares of the semiconductor company’s stock worth $556,000 after buying an additional 700 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of Vishay Intertechnology by 12.3% in the first quarter. Retirement Systems of Alabama now owns 502,923 shares of the semiconductor company’s stock worth $8,273,000 after buying an additional 55,077 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of Vishay Intertechnology during the first quarter worth $3,405,000.
Shares of Vishay Intertechnology, Inc. (NYSE VSH) opened at 17.35 on Wednesday. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 32.92 and a beta of 1.22. Vishay Intertechnology, Inc. has a one year low of $13.37 and a one year high of $18.55. The company has a 50 day moving average of $17.43 and a 200-day moving average of $16.62.
Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.02. Vishay Intertechnology had a net margin of 3.34% and a return on equity of 9.89%. The company had revenue of $644.89 million during the quarter, compared to analyst estimates of $643.19 million. During the same period in the prior year, the business posted $0.23 EPS. The firm’s revenue was up 9.3% compared to the same quarter last year. On average, analysts expect that Vishay Intertechnology, Inc. will post $1.34 EPS for the current year.
Vishay Intertechnology announced that its board has approved a share buyback plan on Wednesday, August 2nd that permits the company to buyback $150.00 million in shares. This buyback authorization permits the semiconductor company to repurchase up to 5.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Friday, September 15th will be issued a dividend of $0.0625 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.25 dividend on an annualized basis and a yield of 1.44%. Vishay Intertechnology’s dividend payout ratio is currently 49.02%.
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VSH has been the subject of a number of research reports. Zacks Investment Research lowered shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Saturday, May 6th. ValuEngine raised shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub lowered shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $17.00 price target on shares of Vishay Intertechnology in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Vishay Intertechnology currently has an average rating of “Buy” and a consensus target price of $18.50.
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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