Sterling Capital Management LLC grew its position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 10.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,061 shares of the semiconductor company’s stock after buying an additional 7,450 shares during the quarter. Sterling Capital Management LLC owned 0.06% of Vishay Intertechnology worth $1,362,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of the company. First Trust Advisors LP bought a new position in Vishay Intertechnology during the first quarter valued at approximately $857,000. US Bancorp DE lifted its position in Vishay Intertechnology by 0.5% during the first quarter. US Bancorp DE now owns 8,759 shares of the semiconductor company’s stock valued at $144,000 after purchasing an additional 45 shares during the period. Envestnet Asset Management Inc. lifted its position in Vishay Intertechnology by 2.5% during the first quarter. Envestnet Asset Management Inc. now owns 12,657 shares of the semiconductor company’s stock valued at $208,000 after purchasing an additional 308 shares during the period. SG Americas Securities LLC lifted its position in Vishay Intertechnology by 124.5% during the first quarter. SG Americas Securities LLC now owns 29,810 shares of the semiconductor company’s stock valued at $490,000 after purchasing an additional 16,534 shares during the period. Finally, Wellington Management Group LLP lifted its position in Vishay Intertechnology by 24.4% during the first quarter. Wellington Management Group LLP now owns 319,600 shares of the semiconductor company’s stock valued at $5,258,000 after purchasing an additional 62,720 shares during the period.
Vishay Intertechnology, Inc. (NYSE VSH) opened at 21.40 on Friday. Vishay Intertechnology, Inc. has a 12 month low of $13.70 and a 12 month high of $21.70. The company’s 50-day moving average is $19.14 and its 200-day moving average is $17.40. The company has a market cap of $3.13 billion, a P/E ratio of 40.61 and a beta of 1.24.
Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. The business had revenue of $644.89 million for the quarter, compared to the consensus estimate of $643.19 million. Vishay Intertechnology had a net margin of 3.34% and a return on equity of 9.89%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS. On average, equities research analysts expect that Vishay Intertechnology, Inc. will post $1.35 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Friday, September 15th were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, September 14th. Vishay Intertechnology’s dividend payout ratio (DPR) is currently 49.02%.
Vishay Intertechnology announced that its board has approved a stock repurchase plan on Wednesday, August 2nd that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the semiconductor company to purchase up to 5.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
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A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a research report on Thursday, October 5th. BidaskClub downgraded shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Finally, Stifel Nicolaus restated a “hold” rating and set a $17.00 price objective on shares of Vishay Intertechnology in a research report on Monday, August 14th. One equities 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 stock. The stock presently has an average rating of “Buy” and an average price target of $19.50.
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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