Schwab Charles Investment Management Inc. raised its stake in Vishay Intertechnology, Inc. (NYSE:VSH) by 3.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,229,309 shares of the semiconductor company’s stock after purchasing an additional 37,655 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.84% of Vishay Intertechnology worth $23,112,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Schroder Investment Management Group grew its stake in 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 in the last quarter. LSV Asset Management grew its stake in Vishay Intertechnology by 2.6% in the second quarter. LSV Asset Management now owns 7,144,985 shares of the semiconductor company’s stock valued at $118,606,000 after purchasing an additional 178,200 shares in the last quarter. Fisher Asset Management LLC grew its stake in Vishay Intertechnology by 3.5% in the third quarter. Fisher Asset Management LLC now owns 4,987,610 shares of the semiconductor company’s stock valued at $93,767,000 after purchasing an additional 166,653 shares in the last quarter. State Street Corp grew its stake in Vishay Intertechnology by 6.5% in the second quarter. State Street Corp now owns 4,824,475 shares of the semiconductor company’s stock valued at $80,084,000 after purchasing an additional 295,455 shares in the last quarter. Finally, Macquarie Group Ltd. grew its stake in Vishay Intertechnology by 2.0% in the second quarter. Macquarie Group Ltd. now owns 4,005,711 shares of the semiconductor company’s stock valued at $66,495,000 after purchasing an additional 79,781 shares in the last quarter.
A number of research analysts have weighed in on VSH shares. Zacks Investment Research upgraded Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $22.00 price target for the company in a research note on Thursday, October 5th. Citigroup raised their price target on 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 target on 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 downgraded Vishay Intertechnology from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Two 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’s stock. Vishay Intertechnology currently has an average rating of “Hold” and an average price target of $20.33.
Vishay Intertechnology (NYSE:VSH) last issued its earnings results on Thursday, October 26th. The semiconductor company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.05. Vishay Intertechnology had a return on equity of 11.77% and a net margin of 4.34%. The company had revenue of $677.90 million during the quarter, compared to the consensus estimate of $660.32 million. During the same period in the previous year, the company posted $0.25 EPS. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. equities analysts predict that Vishay Intertechnology, Inc. will post 1.41 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be paid a dividend of $0.0675 per share. This is an increase from Vishay Intertechnology’s previous quarterly dividend of $0.06. This represents a $0.27 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Wednesday, December 6th. Vishay Intertechnology’s payout ratio is currently 39.71%.
In related news, Director Abraham Ludomirski sold 20,000 shares of Vishay Intertechnology stock in a transaction that occurred on 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 sale, the director now directly owns 86,232 shares of the company’s stock, valued at approximately $1,878,995.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 value of $1,068,500.00. Following the sale, the chief executive officer now directly owns 162,986 shares of the company’s stock, valued at $3,483,010.82. The disclosure for this sale can be found here. Insiders own 7.91% of the company’s stock.
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Vishay Intertechnology 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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