New York State Teachers Retirement System Cuts Stake in Vishay Intertechnology, Inc. $VSH

New York State Teachers Retirement System lessened its holdings in Vishay Intertechnology, Inc. (NYSE:VSH) by 8.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 147,941 shares of the semiconductor company’s stock after selling 14,129 shares during the quarter. New York State Teachers Retirement System’s holdings in Vishay Intertechnology were worth $2,663,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of Vishay Intertechnology by 26.6% in the first quarter. Royal Bank of Canada now owns 71,823 shares of the semiconductor company’s stock worth $1,142,000 after buying an additional 15,079 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Vishay Intertechnology by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,123 shares of the semiconductor company’s stock worth $1,179,000 after purchasing an additional 2,250 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Vishay Intertechnology by 5.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 250,154 shares of the semiconductor company’s stock worth $3,977,000 after purchasing an additional 12,547 shares during the period. AXA S.A. lifted its position in Vishay Intertechnology by 13.5% in the second quarter. AXA S.A. now owns 176,254 shares of the semiconductor company’s stock valued at $2,799,000 after purchasing an additional 20,950 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its position in Vishay Intertechnology by 132.4% in the second quarter. Quantinno Capital Management LP now owns 52,791 shares of the semiconductor company’s stock valued at $838,000 after purchasing an additional 30,075 shares during the last quarter. 93.66% of the stock is owned by institutional investors.

Vishay Intertechnology Stock Performance

NYSE:VSH opened at $43.99 on Friday. The company has a quick ratio of 1.53, a current ratio of 2.64 and a debt-to-equity ratio of 0.47. The firm’s fifty day simple moving average is $49.08 and its 200 day simple moving average is $29.61. The stock has a market cap of $5.99 billion, a P/E ratio of 4,398.90 and a beta of 1.76. Vishay Intertechnology, Inc. has a twelve month low of $11.77 and a twelve month high of $69.47.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings data on Wednesday, May 13th. The semiconductor company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. Vishay Intertechnology had a net margin of 0.07% and a return on equity of 0.22%. The business had revenue of $839.24 million during the quarter, compared to analyst estimates of $823.54 million. During the same period in the prior year, the business earned ($0.03) EPS. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. As a group, research analysts predict that Vishay Intertechnology, Inc. will post 0.75 EPS for the current year.

Vishay Intertechnology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 18th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, June 18th. This represents a $0.40 annualized dividend and a dividend yield of 0.9%. Vishay Intertechnology’s payout ratio is currently 4,000.00%.

Analyst Ratings Changes

Several brokerages have recently issued reports on VSH. Weiss Ratings upgraded shares of Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Bank of America upped their price target on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a report on Thursday, May 14th. Zacks Research raised shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen lowered shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $24.00.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc is a global manufacturer of discrete semiconductors and passive electronic components, serving a wide range of industries including industrial, automotive, computing, consumer electronics, telecommunications, medical, and military/aerospace markets. The company’s portfolio encompasses resistors, capacitors, inductors, sensors, diodes, rectifiers, MOSFETs and a variety of integrated circuit solutions. Vishay’s components are used in power management, signal conditioning, circuit protection and sensing applications, supporting both standard and custom designs for original equipment manufacturers worldwide.

Originally founded in 1962 by Dr.