Principal Financial Group Inc. lifted its holdings in Vishay Intertechnology, Inc. (NYSE:VSH) by 0.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,362,131 shares of the semiconductor company’s stock after purchasing an additional 7,885 shares during the quarter. Principal Financial Group Inc. owned about 1.62% of Vishay Intertechnology worth $44,407,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Vishay Intertechnology by 9.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,800 shares of the semiconductor company’s stock worth $113,000 after acquiring an additional 600 shares during the period. Riverhead Capital Management LLC lifted its position in Vishay Intertechnology by 65.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 8,090 shares of the semiconductor company’s stock worth $134,000 after acquiring an additional 3,190 shares during the period. Shelton Capital Management acquired a new stake in Vishay Intertechnology during the 2nd quarter worth about $169,000. LS Investment Advisors LLC lifted its position in Vishay Intertechnology by 17.9% during the 2nd quarter. LS Investment Advisors LLC now owns 10,513 shares of the semiconductor company’s stock worth $175,000 after acquiring an additional 1,595 shares during the period. Finally, Oakbrook Investments LLC acquired a new stake in Vishay Intertechnology during the 3rd quarter worth about $192,000.
In other Vishay Intertechnology news, Director Abraham Ludomirski sold 20,000 shares of Vishay Intertechnology stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $21.79, for a total transaction of $435,800.00. Following the completion of the transaction, the director now owns 86,232 shares in the company, valued at approximately $1,878,995.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gerald Paul sold 50,000 shares of Vishay Intertechnology stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $21.37, for a total value of $1,068,500.00. Following the completion of the transaction, the chief executive officer now owns 162,986 shares of the company’s stock, valued at approximately $3,483,010.82. The disclosure for this sale can be found here. Company insiders own 7.91% of the company’s stock.
A number of analysts have commented on the company. BidaskClub cut Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Stifel Nicolaus lifted their price target on Vishay Intertechnology from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Citigroup Inc. lifted their price target on Vishay Intertechnology from $16.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research cut Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.33.
Vishay Intertechnology, Inc. (NYSE VSH) opened at $21.30 on Thursday. The firm has a market capitalization of $3,123.81, a PE ratio of 17.14, a price-to-earnings-growth ratio of 0.74 and a beta of 1.19. Vishay Intertechnology, Inc. has a 52 week low of $14.70 and a 52 week high of $22.55. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.44 and a current ratio of 4.33.
Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.05. The business had revenue of $677.90 million during the quarter, compared to analyst estimates of $660.32 million. Vishay Intertechnology had a return on equity of 11.77% and a net margin of 4.34%. The company’s revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the business posted $0.25 EPS. equities research analysts expect that Vishay Intertechnology, Inc. will post 1.4 earnings per share for the current fiscal year.
Vishay Intertechnology declared that its Board of Directors has authorized a stock buyback plan on Wednesday, August 2nd that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the semiconductor company to reacquire up to 5.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be paid a dividend of $0.0675 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.27%. This is a positive change from Vishay Intertechnology’s previous quarterly dividend of $0.06. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 36.77%.
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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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