Vishay Intertechnology, Inc. (NYSE:VSH) Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH reduced its stake in Vishay Intertechnology, Inc. (NYSE:VSH) by 14.0% in the 2nd quarter, Holdings Channel reports. The firm owned 273,232 shares of the semiconductor company’s stock after selling 44,637 shares during the quarter. Allianz Asset Management GmbH’s holdings in Vishay Intertechnology were worth $6,162,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Vishay Intertechnology by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 12,866,170 shares of the semiconductor company’s stock valued at $290,133,000 after purchasing an additional 350,773 shares in the last quarter. LSV Asset Management increased its holdings in Vishay Intertechnology by 4.0% in the 2nd quarter. LSV Asset Management now owns 5,517,997 shares of the semiconductor company’s stock valued at $124,430,000 after purchasing an additional 211,700 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in Vishay Intertechnology by 161.0% in the 1st quarter. Point72 Asset Management L.P. now owns 3,879,931 shares of the semiconductor company’s stock valued at $93,429,000 after purchasing an additional 2,393,585 shares in the last quarter. Geode Capital Management LLC increased its holdings in Vishay Intertechnology by 4.3% in the 2nd quarter. Geode Capital Management LLC now owns 2,231,811 shares of the semiconductor company’s stock valued at $50,327,000 after purchasing an additional 91,126 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in Vishay Intertechnology by 117.7% in the 1st quarter. Millennium Management LLC now owns 2,151,674 shares of the semiconductor company’s stock valued at $51,812,000 after purchasing an additional 1,163,425 shares in the last quarter. Hedge funds and other institutional investors own 85.48% of the company’s stock.

Shares of VSH stock opened at $19.01 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.20 and a current ratio of 2.99. Vishay Intertechnology, Inc. has a one year low of $15.81 and a one year high of $26.50. The company’s 50-day simple moving average is $21.04 and its 200-day simple moving average is $22.52. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 0.37 and a beta of 1.40.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings results on Tuesday, August 10th. The semiconductor company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.59 by $0.02. Vishay Intertechnology had a net margin of 8.15% and a return on equity of 14.73%. The business had revenue of $819.00 million for the quarter, compared to analysts’ expectations of $817.72 million. During the same quarter last year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 40.8% compared to the same quarter last year. As a group, research analysts forecast that Vishay Intertechnology, Inc. will post 2.36 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 28th. Stockholders of record on Friday, September 10th were given a dividend of $0.095 per share. The ex-dividend date of this dividend was Thursday, September 9th. This represents a $0.38 annualized dividend and a dividend yield of 2.00%. Vishay Intertechnology’s payout ratio is 41.30%.

VSH has been the subject of several recent research reports. Citigroup downgraded Vishay Intertechnology from a “buy” rating to a “neutral” rating and set a $21.79 price target for the company. in a report on Tuesday, July 27th. Cowen lowered their target price on Vishay Intertechnology from $27.00 to $22.00 and set a “market perform” rating for the company in a research note on Thursday, October 14th. Finally, Zacks Investment Research downgraded Vishay Intertechnology from a “buy” rating to a “hold” rating and set a $23.00 target price for the company. in a research note on Friday, July 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vishay Intertechnology has a consensus rating of “Hold” and an average price target of $23.36.

About Vishay Intertechnology

Vishay Intertechnology, Inc engages in the manufacture and distribution of discrete semiconductors and passive components. It operates through the following segments: MOSFET (metal oxide semiconductor field-effect transistor), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors. The MOSFET segment offers semiconductors which function as solid state switches to control power.

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Institutional Ownership by Quarter for Vishay Intertechnology (NYSE:VSH)

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