Nationwide Fund Advisors Lowers Stake in Vishay Intertechnology, Inc. (VSH)
Nationwide Fund Advisors lowered its holdings in Vishay Intertechnology, Inc. (NYSE:VSH) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 327,010 shares of the semiconductor company’s stock after selling 4,229 shares during the period. Nationwide Fund Advisors owned approximately 0.22% of Vishay Intertechnology worth $6,148,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Vishay Intertechnology by 9.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,800 shares of the semiconductor company’s stock valued at $113,000 after purchasing an additional 600 shares during the period. Riverhead Capital Management LLC raised its position in shares of Vishay Intertechnology by 65.1% in the second quarter. Riverhead Capital Management LLC now owns 8,090 shares of the semiconductor company’s stock valued at $134,000 after purchasing an additional 3,190 shares during the period. Shelton Capital Management bought a new stake in shares of Vishay Intertechnology in the second quarter valued at approximately $169,000. Oakbrook Investments LLC bought a new stake in shares of Vishay Intertechnology in the third quarter valued at approximately $192,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Vishay Intertechnology in the second quarter valued at approximately $201,000.
VSH has been the topic of several research reports. Stifel Nicolaus boosted their price target on shares of Vishay Intertechnology from $18.00 to $20.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Zacks Investment Research lowered shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Citigroup upped their target price on shares of Vishay Intertechnology from $16.00 to $19.00 and gave the stock a “sell” rating in a report on Friday, October 27th. Finally, BidaskClub lowered shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Two research 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 stock. The company presently has an average rating of “Hold” and an average target price of $20.33.
In other news, CEO Gerald Paul sold 50,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 162,986 shares of the company’s stock, valued at approximately $3,483,010.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Abraham Ludomirski sold 20,000 shares of the stock in a transaction 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 transaction, the director now directly owns 86,232 shares in the company, valued at approximately $1,878,995.28. The disclosure for this sale can be found here. Corporate insiders own 7.91% of the company’s stock.
Vishay Intertechnology, Inc. (NYSE:VSH) traded down $0.02 during trading on Wednesday, reaching $20.85. 1,416,700 shares of the company were exchanged, compared to its average volume of 1,284,721. The company has a quick ratio of 3.44, a current ratio of 4.33 and a debt-to-equity ratio of 0.38. The company has a market cap of $3,067.95, a price-to-earnings ratio of 16.83, a PEG ratio of 0.72 and a beta of 1.19. Vishay Intertechnology, Inc. has a twelve month low of $15.35 and a twelve month high of $23.45.
Vishay Intertechnology (NYSE:VSH) last posted its earnings results on Thursday, October 26th. The semiconductor company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.05. The business had revenue of $677.90 million for the quarter, compared to analyst estimates of $660.32 million. Vishay Intertechnology had a net margin of 4.34% and a return on equity of 11.77%. Vishay Intertechnology’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 EPS. research analysts anticipate that Vishay Intertechnology, Inc. will post 1.41 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be issued a dividend of $0.0675 per share. This represents a $0.27 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Wednesday, December 6th. This is a positive change from Vishay Intertechnology’s previous quarterly dividend of $0.06. Vishay Intertechnology’s dividend payout ratio is 39.71%.
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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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