Price T Rowe Associates Inc. MD cut its stake in Vishay Intertechnology, Inc. (NYSE:VSH) by 17.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,068 shares of the semiconductor company’s stock after selling 13,363 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Vishay Intertechnology were worth $1,445,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Value Holdings Management CO. LLC grew its position in Vishay Intertechnology by 23.2% in the second quarter. Value Holdings Management CO. LLC now owns 88,700 shares of the semiconductor company’s stock worth $2,000,000 after acquiring an additional 16,700 shares in the last quarter. LSV Asset Management grew its position in Vishay Intertechnology by 4.0% in the second quarter. LSV Asset Management now owns 5,517,997 shares of the semiconductor company’s stock worth $124,430,000 after acquiring an additional 211,700 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Vishay Intertechnology by 33.9% in the first quarter. Canada Pension Plan Investment Board now owns 45,400 shares of the semiconductor company’s stock worth $1,093,000 after acquiring an additional 11,500 shares in the last quarter. Eaton Vance Management bought a new stake in Vishay Intertechnology in the first quarter worth $32,000. Finally, Jefferies Group LLC bought a new stake in Vishay Intertechnology in the second quarter worth $1,240,000. Institutional investors own 85.38% of the company’s stock.
Several research firms have weighed in on VSH. Cowen lowered their price target on shares of Vishay Intertechnology from $27.00 to $22.00 and set a “market perform” rating for the company in a research note on Thursday, October 14th. Zacks Investment Research downgraded shares of Vishay Intertechnology from a “buy” rating to a “hold” rating and set a $23.00 price target for the company. in a research note on Friday, July 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $23.36.
Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings data on Wednesday, November 3rd. The semiconductor company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.02). The firm had revenue of $813.66 million for the quarter, compared to the consensus estimate of $832.73 million. Vishay Intertechnology had a net margin of 9.76% and a return on equity of 17.68%. The business’s revenue was up 27.1% on a year-over-year basis. During the same period last year, the company posted $0.25 earnings per share. As a group, research analysts forecast that Vishay Intertechnology, Inc. will post 2.32 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 17th. Stockholders of record on Tuesday, December 7th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.82%. This is an increase from Vishay Intertechnology’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Monday, December 6th. Vishay Intertechnology’s dividend payout ratio is 18.45%.
About Vishay Intertechnology
Vishay Intertechnology, Inc engages in the manufacture and distribution of discrete semiconductors and passive components. It operates through the following segments: MOSFET (metal oxide semiconductor field-effect transistor), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors. The MOSFET segment offers semiconductors which function as solid state switches to control power.
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