Northern Trust Corp grew its holdings in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,595,421 shares of the semiconductor company’s stock after acquiring an additional 11,828 shares during the period. Northern Trust Corp owned about 1.78% of Vishay Intertechnology worth $43,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Bank of America Corp DE grew its position in shares of Vishay Intertechnology by 15.0% during the 1st quarter. Bank of America Corp DE now owns 513,444 shares of the semiconductor company’s stock valued at $8,446,000 after acquiring an additional 66,895 shares during the period. Prudential Financial Inc. grew its position in shares of Vishay Intertechnology by 18.9% during the 2nd quarter. Prudential Financial Inc. now owns 1,514,638 shares of the semiconductor company’s stock valued at $25,143,000 after acquiring an additional 240,710 shares during the period. Systematic Financial Management LP grew its position in shares of Vishay Intertechnology by 21.1% during the 2nd quarter. Systematic Financial Management LP now owns 1,234,992 shares of the semiconductor company’s stock valued at $20,501,000 after acquiring an additional 215,039 shares during the period. Bowling Portfolio Management LLC grew its position in shares of Vishay Intertechnology by 80.7% during the 2nd quarter. Bowling Portfolio Management LLC now owns 93,581 shares of the semiconductor company’s stock valued at $1,553,000 after acquiring an additional 41,780 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Vishay Intertechnology by 8.7% during the 1st quarter. Geode Capital Management LLC now owns 1,321,090 shares of the semiconductor company’s stock valued at $21,731,000 after acquiring an additional 105,833 shares during the period.
A number of brokerages have recently issued reports on VSH. Zacks Investment Research raised shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company 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 reissued a “hold” rating and set a $17.00 price objective on shares of Vishay Intertechnology in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $19.50.
Vishay Intertechnology, Inc. (VSH) opened at 20.80 on Wednesday. The company has a market cap of $3.04 billion, a P/E ratio of 39.47 and a beta of 1.24. The company has a 50-day moving average of $18.25 and a 200 day moving average of $17.14. Vishay Intertechnology, Inc. has a one year low of $13.66 and a one year high of $20.95.
Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. Vishay Intertechnology had a net margin of 3.34% and a return on equity of 9.89%. The company had revenue of $644.89 million during the quarter, compared to analysts’ expectations of $643.19 million. During the same quarter in the previous year, the company earned $0.23 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts anticipate that Vishay Intertechnology, Inc. will post $1.35 earnings per share for the current year.
Vishay Intertechnology declared that its board has authorized a share repurchase plan on Wednesday, August 2nd that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the semiconductor company to buy up to 5.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Friday, September 15th were issued a $0.0625 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.25 dividend on an annualized basis and a yield of 1.20%. Vishay Intertechnology’s payout ratio is 49.02%.
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Vishay Intertechnology Company Profile
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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