Bayesian Capital Management LP Purchases New Holdings in Vishay Intertechnology, Inc. (VSH)
Bayesian Capital Management LP acquired a new position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,800 shares of the semiconductor company’s stock, valued at approximately $212,000.
Several other hedge funds also recently made changes to their positions in VSH. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Vishay Intertechnology by 83.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,200 shares of the semiconductor company’s stock worth $102,000 after buying an additional 2,827 shares during the period. Riverhead Capital Management LLC lifted its position in shares of Vishay Intertechnology by 65.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 8,090 shares of the semiconductor company’s stock valued at $134,000 after acquiring an additional 3,190 shares during the period. US Bancorp DE lifted its position in shares of Vishay Intertechnology by 0.5% during the 1st quarter. US Bancorp DE now owns 8,759 shares of the semiconductor company’s stock valued at $144,000 after acquiring an additional 45 shares during the period. LS Investment Advisors LLC lifted its position in shares of Vishay Intertechnology by 17.9% during the 2nd quarter. LS Investment Advisors LLC now owns 10,513 shares of the semiconductor company’s stock valued at $175,000 after acquiring an additional 1,595 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Vishay Intertechnology during the 2nd quarter valued at $201,000.
Shares of Vishay Intertechnology, Inc. (NYSE VSH) opened at 19.30 on Wednesday. The company has a 50-day moving average price of $17.79 and a 200-day moving average price of $16.99. Vishay Intertechnology, Inc. has a 12 month low of $13.66 and a 12 month high of $19.40. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 36.62 and a beta of 1.24.
Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The company had revenue of $644.89 million during the quarter, compared to analyst estimates of $643.19 million. Vishay Intertechnology had a return on equity of 9.89% and a net margin of 3.34%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 earnings per share. On average, equities analysts anticipate that Vishay Intertechnology, Inc. will post $1.34 EPS for the current year.
Vishay Intertechnology announced that its board has approved a stock buyback program on Wednesday, August 2nd that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the semiconductor company to purchase up to 5.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Friday, September 15th were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, September 14th. Vishay Intertechnology’s payout ratio is currently 49.02%.
Several brokerages recently issued reports on VSH. BidaskClub lowered shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Zacks Investment Research upgraded shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a report on Friday, July 14th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $17.00 price target on shares of Vishay Intertechnology in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.50.
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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