Vishay Intertechnology, Inc. $VSH Shares Acquired by M&G PLC

M&G PLC lifted its stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 56.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 177,089 shares of the semiconductor company’s stock after acquiring an additional 63,627 shares during the quarter. M&G PLC owned approximately 0.12% of Vishay Intertechnology worth $5,844,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of VSH. Kestra Investment Management LLC purchased a new position in Vishay Intertechnology during the 3rd quarter worth $271,000. Allspring Global Investments Holdings LLC raised its position in Vishay Intertechnology by 6.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 25,165 shares of the semiconductor company’s stock valued at $862,000 after purchasing an additional 1,436 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Vishay Intertechnology by 28.8% in the 3rd quarter. Pictet Asset Management Holding SA now owns 22,973 shares of the semiconductor company’s stock worth $748,000 after buying an additional 5,142 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Vishay Intertechnology by 90.4% in the 3rd quarter. Parallel Advisors LLC now owns 1,173 shares of the semiconductor company’s stock worth $38,000 after buying an additional 557 shares during the period. Finally, CenterBook Partners LP lifted its holdings in shares of Vishay Intertechnology by 34.4% in the 3rd quarter. CenterBook Partners LP now owns 22,023 shares of the semiconductor company’s stock worth $717,000 after buying an additional 5,638 shares during the period. Institutional investors own 93.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on VSH. Raymond James Financial started coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They set an “outperform” rating and a $40.00 price target on the stock. Wall Street Zen upgraded Vishay Intertechnology from a “buy” rating to a “strong-buy” rating in a report on Saturday. Oppenheimer upped their price objective on shares of Vishay Intertechnology from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 8th. Needham & Company LLC dropped their target price on shares of Vishay Intertechnology from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, November 5th. Finally, Truist Financial initiated coverage on shares of Vishay Intertechnology in a report on Thursday, September 3rd. They set a “buy” rating and a $42.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.86.

Insiders Place Their Bets

In related news, Director Raanan Zilberman sold 16,575 shares of the firm’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $35.82, for a total transaction of $593,716.50. Following the sale, the director owned 31,937 shares of the company’s stock, valued at $1,143,983.34. This trade represents a 34.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.35% of the stock is currently owned by insiders.

Vishay Intertechnology Stock Up 1.4%

Shares of NYSE VSH opened at $26.79 on Wednesday. The company has a current ratio of 3.31, a quick ratio of 2.27 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $4.11 billion, a PE ratio of 43.21, a price-to-earnings-growth ratio of 2.71 and a beta of 1.90. The stock’s fifty day simple moving average is $30.60 and its two-hundred day simple moving average is $32.25. Vishay Intertechnology, Inc. has a 12-month low of $11.77 and a 12-month high of $69.47.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings results on Wednesday, November 4th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. The business had revenue of $978.94 million for the quarter, compared to the consensus estimate of $965.40 million. Vishay Intertechnology had a return on equity of 3.80% and a net margin of 2.72%. The business’s revenue was up 23.8% compared to the same quarter last year. During the same period last year, the business posted $0.04 EPS. As a group, analysts expect that Vishay Intertechnology, Inc. will post 0.98 EPS for the current fiscal year.

About Vishay Intertechnology

Vishay Intertechnology, Inc. designs and manufactures discrete semiconductors and passive electronic components used in a wide range of electronic systems. Its products include diodes, MOSFETs, optoelectronic components, resistors, inductors, capacitors and sensors. The company’s components are used in applications across markets such as automotive, industrial, computing, telecommunications, consumer electronics, medical and aerospace. Vishay serves customers worldwide through a global network of manufacturing and sales operations.