Bessemer Group Inc. Takes $528,000 Position in Vishay Intertechnology, Inc. (VSH)
Bessemer Group Inc. acquired a new position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 28,100 shares of the semiconductor company’s stock, valued at approximately $528,000.
A number of other hedge funds have also made changes to their positions in the stock. Northwestern Mutual Investment Management Company LLC grew its holdings in Vishay Intertechnology by 1.4% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 23,404 shares of the semiconductor company’s stock worth $290,000 after acquiring an additional 321 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in 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 period. State Treasurer State of Michigan grew its holdings in Vishay Intertechnology by 1.5% during the second quarter. State Treasurer State of Michigan now owns 55,252 shares of the semiconductor company’s stock worth $917,000 after acquiring an additional 800 shares during the period. Arizona State Retirement System grew its holdings in Vishay Intertechnology by 1.4% during the second quarter. Arizona State Retirement System now owns 56,500 shares of the semiconductor company’s stock worth $938,000 after acquiring an additional 800 shares during the period. Finally, Texas Permanent School Fund boosted its position in Vishay Intertechnology by 0.9% during the second quarter. Texas Permanent School Fund now owns 97,868 shares of the semiconductor company’s stock worth $1,625,000 after purchasing an additional 889 shares in the last quarter.
In other news, Director Abraham Ludomirski sold 20,000 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $21.79, for a total value of $435,800.00. Following the sale, the director now directly owns 86,232 shares in the company, valued at $1,878,995.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gerald Paul sold 50,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $21.37, for a total value of $1,068,500.00. Following the completion of the sale, the chief executive officer now owns 162,986 shares in the company, valued at $3,483,010.82. The disclosure for this sale can be found here. 7.91% of the stock is owned by corporate insiders.
VSH has been the topic of a number of research analyst reports. BidaskClub downgraded Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Stifel Nicolaus reiterated a “hold” rating and set a $17.00 target price on shares of Vishay Intertechnology in a research report on Monday, August 14th. Zacks Investment Research downgraded Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, Citigroup Inc. boosted their target price on Vishay Intertechnology from $16.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $20.33.
Shares of Vishay Intertechnology, Inc. (NYSE VSH) opened at $22.40 on Friday. The company has a current ratio of 4.33, a quick ratio of 3.44 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $3,180.00, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 0.74 and a beta of 1.19. Vishay Intertechnology, Inc. has a 12-month low of $14.70 and a 12-month high of $22.55.
Vishay Intertechnology (NYSE:VSH) last posted its earnings results on Thursday, October 26th. The semiconductor company reported $0.42 EPS for the quarter, topping the Zacks’ 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 company had revenue of $677.90 million for the quarter, compared to the consensus estimate of $660.32 million. During the same period in the previous year, the business earned $0.25 earnings per share. Vishay Intertechnology’s quarterly revenue was up 14.5% compared to the same quarter last year. equities analysts predict that Vishay Intertechnology, Inc. will post 1.4 EPS for the current year.
Vishay Intertechnology announced that its Board of Directors has initiated a stock 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 stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be given a $0.0675 dividend. This is an increase from Vishay Intertechnology’s previous quarterly dividend of $0.06. This represents a $0.27 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Wednesday, December 6th. Vishay Intertechnology’s dividend payout ratio is currently 36.76%.
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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