Quentec Asset Management LLC reduced its stake in Vishay Intertechnology, Inc. (NYSE:VSH) by 6.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 679,831 shares of the semiconductor company’s stock after selling 45,148 shares during the period. Vishay Intertechnology accounts for approximately 1.3% of Quentec Asset Management LLC’s investment portfolio, making the stock its 16th biggest position. Quentec Asset Management LLC owned approximately 0.46% of Vishay Intertechnology worth $12,781,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the business. Janus Henderson Group PLC bought a new stake in Vishay Intertechnology during the second quarter worth about $23,771,000. Numeric Investors LLC lifted its position in Vishay Intertechnology by 110.9% during the second quarter. Numeric Investors LLC now owns 1,554,375 shares of the semiconductor company’s stock worth $25,803,000 after purchasing an additional 817,200 shares during the period. Goldman Sachs Group Inc. lifted its position in Vishay Intertechnology by 48.0% during the second quarter. Goldman Sachs Group Inc. now owns 2,491,893 shares of the semiconductor company’s stock worth $41,366,000 after purchasing an additional 808,504 shares during the period. Schroder Investment Management Group lifted its position in Vishay Intertechnology by 11.5% during the third quarter. Schroder Investment Management Group now owns 7,205,858 shares of the semiconductor company’s stock worth $134,750,000 after purchasing an additional 744,701 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in Vishay Intertechnology by 68.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,191,654 shares of the semiconductor company’s stock worth $19,782,000 after purchasing an additional 484,220 shares during the period.
Several research firms recently weighed in on VSH. Zacks Investment Research cut shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. BidaskClub cut shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Stifel Nicolaus upped their price objective on shares of Vishay Intertechnology from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Finally, Citigroup upped their price objective on shares of Vishay Intertechnology from $16.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $20.33.
Vishay Intertechnology, Inc. (NYSE VSH) traded down $0.33 on Thursday, reaching $21.00. 856,800 shares of the company traded hands, compared to its average volume of 1,284,951. Vishay Intertechnology, Inc. has a 1-year low of $15.35 and a 1-year high of $23.45. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.33 and a quick ratio of 3.44. The company has a market capitalization of $3,145.86, a PE ratio of 17.26, a price-to-earnings-growth ratio of 0.74 and a beta of 1.19.
Vishay Intertechnology (NYSE:VSH) last posted its earnings results on Thursday, October 26th. The semiconductor company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. The firm had revenue of $677.90 million during the quarter, compared to analysts’ expectations of $660.32 million. Vishay Intertechnology had a net margin of 4.34% and a return on equity of 11.77%. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 earnings per share. sell-side analysts anticipate that Vishay Intertechnology, Inc. will post 1.41 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be issued a $0.0675 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.29%. This is a boost from Vishay Intertechnology’s previous quarterly dividend of $0.06. Vishay Intertechnology’s dividend payout ratio is 36.77%.
In other news, CEO Gerald Paul sold 50,000 shares of the 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 $3,483,010.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Abraham Ludomirski sold 20,000 shares of the 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 directly owns 86,232 shares of the company’s stock, valued at approximately $1,878,995.28. The disclosure for this sale can be found here. 7.91% of the stock is currently owned by corporate insiders.
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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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