Vishay Intertechnology, Inc. (VSH) Holdings Reduced by JPMorgan Chase & Co.
JPMorgan Chase & Co. reduced its holdings in Vishay Intertechnology, Inc. (NYSE:VSH) by 18.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,924,294 shares of the semiconductor company’s stock after selling 442,408 shares during the period. JPMorgan Chase & Co. owned approximately 1.32% of Vishay Intertechnology worth $31,944,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Glen Harbor Capital Management LLC increased its position in Vishay Intertechnology by 7.4% in the 1st quarter. Glen Harbor Capital Management LLC now owns 6,050 shares of the semiconductor company’s stock worth $100,000 after buying an additional 418 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Vishay Intertechnology by 83.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,200 shares of the semiconductor company’s stock worth $102,000 after buying an additional 2,827 shares during the period. Elkfork Partners LLC increased its position in Vishay Intertechnology by 7.4% in the 1st quarter. Elkfork Partners LLC now owns 7,700 shares of the semiconductor company’s stock worth $127,000 after buying an additional 532 shares during the period. US Bancorp DE increased its position in Vishay Intertechnology by 0.5% in the 1st quarter. US Bancorp DE now owns 8,759 shares of the semiconductor company’s stock worth $144,000 after buying an additional 45 shares during the period. Finally, Meadow Creek Investment Management LLC increased its position in Vishay Intertechnology by 7.4% in the 1st quarter. Meadow Creek Investment Management LLC now owns 9,350 shares of the semiconductor company’s stock worth $154,000 after buying an additional 646 shares during the period.
Shares of Vishay Intertechnology, Inc. (NYSE VSH) opened at 18.20 on Monday. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 34.54 and a beta of 1.23. Vishay Intertechnology, Inc. has a one year low of $13.51 and a one year high of $18.55. The stock’s 50 day moving average price is $17.47 and its 200 day moving average price is $16.77.
Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.02. Vishay Intertechnology had a return on equity of 9.89% and a net margin of 3.34%. The firm had revenue of $644.89 million for the quarter, compared to analyst estimates of $643.19 million. During the same quarter last year, the company earned $0.23 EPS. The company’s revenue was up 9.3% on a year-over-year basis. On average, equities analysts anticipate that Vishay Intertechnology, Inc. will post $1.34 earnings per share for the current fiscal year.
Vishay Intertechnology declared that its board has approved a share buyback program on Wednesday, August 2nd that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 5.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Friday, September 15th will be paid 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 1.37%. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 49.02%.
VSH has been the topic of several recent research reports. Stifel Nicolaus reissued a “hold” rating and set a $17.00 price objective on shares of Vishay Intertechnology in a report on Monday, August 14th. Zacks Investment Research lowered Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. BidaskClub lowered Vishay Intertechnology from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Finally, ValuEngine raised Vishay Intertechnology from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $18.50.
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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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