Vishay Intertechnology, Inc. (VSH) Shares Sold by Moors & Cabot Inc.
Moors & Cabot Inc. trimmed its holdings in Vishay Intertechnology, Inc. (NYSE:VSH) by 3.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,300 shares of the semiconductor company’s stock after selling 500 shares during the period. Moors & Cabot Inc.’s holdings in Vishay Intertechnology were worth $238,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in VSH. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Vishay Intertechnology by 9.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,800 shares of the semiconductor company’s stock valued at $113,000 after acquiring an additional 600 shares in the last quarter. Riverhead Capital Management LLC lifted its position in shares of 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 acquiring an additional 3,190 shares in the last quarter. US Bancorp DE lifted its position in shares of Vishay Intertechnology by 0.5% in the first quarter. US Bancorp DE now owns 8,759 shares of the semiconductor company’s stock valued at $144,000 after acquiring an additional 45 shares in the last quarter. Shelton Capital Management purchased a new position in shares of Vishay Intertechnology in the second quarter valued at about $169,000. Finally, LS Investment Advisors LLC lifted its position in shares of Vishay Intertechnology by 17.9% in the second quarter. LS Investment Advisors LLC now owns 10,513 shares of the semiconductor company’s stock valued at $175,000 after acquiring an additional 1,595 shares in the last quarter.
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VSH has been the topic of several research analyst reports. BidaskClub upgraded Vishay Intertechnology from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research downgraded Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $17.00 price objective on shares of Vishay Intertechnology in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $19.50.
Shares of Vishay Intertechnology, Inc. (NYSE:VSH) traded up 0.360% during trading on Friday, hitting $20.925. The stock had a trading volume of 202,746 shares. The firm has a 50 day moving average price of $18.48 and a 200 day moving average price of $17.19. The firm has a market cap of $3.06 billion, a P/E ratio of 39.706 and a beta of 1.24. Vishay Intertechnology, Inc. has a 12-month low of $13.70 and a 12-month high of $21.05.
Vishay Intertechnology (NYSE:VSH) last posted its 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 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 analysts’ expectations of $643.19 million. During the same period last year, the firm earned $0.23 EPS. The company’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities analysts expect that Vishay Intertechnology, Inc. will post $1.35 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Friday, September 15th were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Thursday, September 14th. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 49.02%.
Vishay Intertechnology declared that its Board of Directors has authorized a share buyback plan on Wednesday, August 2nd that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 5.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
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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