Jennison Associates LLC bought a new position in shares of Vishay Intertechnology (NYSE:VSH) in the first quarter, HoldingsChannel.com reports. The fund bought 58,132 shares of the semiconductor company’s stock, valued at approximately $1,074,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC bought a new position in Vishay Intertechnology in the first quarter valued at about $350,000. Ontario Teachers Pension Plan Board bought a new position in Vishay Intertechnology in the first quarter valued at about $2,292,000. NumerixS Investment Technologies Inc bought a new position in Vishay Intertechnology in the first quarter valued at about $358,000. O Shaughnessy Asset Management LLC grew its position in Vishay Intertechnology by 31.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 56,850 shares of the semiconductor company’s stock valued at $1,050,000 after acquiring an additional 13,459 shares during the last quarter. Finally, Swiss National Bank grew its position in Vishay Intertechnology by 3.3% in the first quarter. Swiss National Bank now owns 240,700 shares of the semiconductor company’s stock valued at $4,446,000 after acquiring an additional 7,600 shares during the last quarter. 89.70% of the stock is owned by institutional investors.

A number of research firms have issued reports on VSH. Zacks Investment Research cut Vishay Intertechnology from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 16th. ValuEngine cut Vishay Intertechnology from a “sell” rating to a “strong sell” rating in a research report on Monday, May 13th. Finally, Cowen began coverage on Vishay Intertechnology in a research report on Tuesday, May 21st. They issued a “market perform” rating and a $17.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $23.20.

Shares of VSH stock traded down $0.26 during mid-day trading on Wednesday, reaching $15.59. 10,074 shares of the stock traded hands, compared to its average volume of 1,317,847. Vishay Intertechnology has a 1-year low of $15.06 and a 1-year high of $26.50. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 1.05 and a beta of 1.55. The company has a current ratio of 3.09, a quick ratio of 2.25 and a debt-to-equity ratio of 0.40.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.01. Vishay Intertechnology had a return on equity of 23.80% and a net margin of 11.72%. The firm had revenue of $745.16 million for the quarter, compared to analyst estimates of $754.26 million. During the same period last year, the firm posted $0.40 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, sell-side analysts predict that Vishay Intertechnology will post 1.65 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 2.44%. This is a positive change from Vishay Intertechnology’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, June 12th. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 16.04%.

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About Vishay Intertechnology

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.

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Institutional Ownership by Quarter for Vishay Intertechnology (NYSE:VSH)

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