California Public Employees Retirement System trimmed its holdings in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 4.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 495,500 shares of the semiconductor company’s stock after selling 24,500 shares during the quarter. California Public Employees Retirement System owned approximately 0.34% of Vishay Intertechnology worth $8,225,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of VSH. First Trust Advisors LP purchased a new position in Vishay Intertechnology during the first quarter valued at approximately $857,000. US Bancorp DE increased its holdings 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 buying an additional 45 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Vishay Intertechnology by 83.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,200 shares of the semiconductor company’s stock valued at $102,000 after buying an additional 2,827 shares during the period. Karp Capital Management Corp purchased a new position in Vishay Intertechnology during the first quarter valued at approximately $728,000. Finally, Envestnet Asset Management Inc. increased its holdings 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 buying an additional 308 shares during the period.
VSH has been the topic of several research reports. Zacks Investment Research raised 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 report on Thursday, October 5th. Stifel Nicolaus reissued a “hold” rating and set a $17.00 price objective on shares of Vishay Intertechnology in a report on Friday, July 14th. Finally, BidaskClub lowered shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $19.50.
Vishay Intertechnology, Inc. (NYSE:VSH) opened at 20.80 on Wednesday. The company’s 50-day moving average is $18.25 and its 200 day moving average is $17.14. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 39.47 and a beta of 1.24. Vishay Intertechnology, Inc. has a one year low of $13.66 and a one year high of $20.95.
Vishay Intertechnology (NYSE:VSH) last announced its earnings results on Thursday, August 3rd. The semiconductor company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.02. Vishay Intertechnology had a net margin of 3.34% and a return on equity of 9.89%. The firm had revenue of $644.89 million for the quarter, compared to the consensus estimate of $643.19 million. During the same period in the prior year, the firm earned $0.23 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities analysts expect that Vishay Intertechnology, Inc. will post $1.35 EPS for the current year.
Vishay Intertechnology announced that its Board of Directors has authorized a stock repurchase program on Wednesday, August 2nd that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the semiconductor company to purchase up to 5.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Friday, September 15th were paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Thursday, September 14th. Vishay Intertechnology’s payout ratio is currently 49.02%.
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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