Wells Fargo & Company MN lessened its stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 21.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,605,080 shares of the semiconductor company’s stock after selling 436,283 shares during the quarter. Wells Fargo & Company MN owned 1.09% of Vishay Intertechnology worth $30,175,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in VSH. Janus Henderson Group PLC purchased a new position in Vishay Intertechnology during the second quarter worth about $23,771,000. Numeric Investors LLC boosted its stake in shares of Vishay Intertechnology by 110.9% in the second quarter. Numeric Investors LLC now owns 1,554,375 shares of the semiconductor company’s stock valued at $25,803,000 after purchasing an additional 817,200 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Vishay Intertechnology by 48.0% in the second quarter. Goldman Sachs Group Inc. now owns 2,491,893 shares of the semiconductor company’s stock valued at $41,366,000 after purchasing an additional 808,504 shares during the period. Schroder Investment Management Group boosted its stake in shares of Vishay Intertechnology by 11.5% in the third quarter. Schroder Investment Management Group now owns 7,205,858 shares of the semiconductor company’s stock valued at $134,750,000 after purchasing an additional 744,701 shares during the period. Finally, Quentec Asset Management LLC purchased a new position in shares of Vishay Intertechnology in the second quarter valued at approximately $12,035,000.
In related news, Director Abraham Ludomirski sold 20,000 shares of Vishay Intertechnology stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $21.79, for a total value of $435,800.00. Following the completion of the transaction, the director now owns 86,232 shares in the company, valued at $1,878,995.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gerald Paul sold 50,000 shares of Vishay Intertechnology stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $21.37, for a total transaction 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. 7.91% of the stock is owned by insiders.
Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.05. Vishay Intertechnology had a net margin of 4.34% and a return on equity of 11.77%. The business had revenue of $677.90 million during the quarter, compared to analyst estimates of $660.32 million. During the same quarter last year, the firm posted $0.25 earnings per share. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. analysts forecast that Vishay Intertechnology, Inc. will post 1.41 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be paid a $0.0675 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $0.27 dividend on an annualized basis and a yield of 1.33%. This is an increase from Vishay Intertechnology’s previous quarterly dividend of $0.06. Vishay Intertechnology’s payout ratio is currently 39.71%.
VSH has been the subject of several recent 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 for the company in a research note on Thursday, October 5th. Citigroup raised their price objective on shares of Vishay Intertechnology from $16.00 to $19.00 and gave the company a “sell” rating in a research note on Friday, October 27th. Stifel Nicolaus raised their price objective on shares of Vishay Intertechnology from $18.00 to $20.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Finally, BidaskClub lowered shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $20.33.
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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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