Rothschild & Co. Asset Management US Inc. Acquires 1,795 Shares of Vishay Intertechnology (VSH)
Rothschild & Co. Asset Management US Inc. increased its holdings in Vishay Intertechnology (NYSE:VSH) by 0.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 665,010 shares of the semiconductor company’s stock after purchasing an additional 1,795 shares during the period. Rothschild & Co. Asset Management US Inc.’s holdings in Vishay Intertechnology were worth $12,283,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the stock. Fisher Asset Management LLC lifted its position in Vishay Intertechnology by 16.4% during the 4th quarter. Fisher Asset Management LLC now owns 5,593,182 shares of the semiconductor company’s stock worth $100,733,000 after acquiring an additional 787,545 shares during the last quarter. Macquarie Group Ltd. lifted its position in Vishay Intertechnology by 0.4% during the 4th quarter. Macquarie Group Ltd. now owns 3,492,656 shares of the semiconductor company’s stock worth $62,902,000 after acquiring an additional 14,208 shares during the last quarter. Geode Capital Management LLC lifted its position in Vishay Intertechnology by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 1,839,841 shares of the semiconductor company’s stock worth $33,134,000 after acquiring an additional 76,855 shares during the last quarter. Norges Bank acquired a new position in Vishay Intertechnology during the 4th quarter worth $29,954,000. Finally, Bank of America Corp DE lifted its position in Vishay Intertechnology by 26.6% during the 4th quarter. Bank of America Corp DE now owns 1,242,310 shares of the semiconductor company’s stock worth $22,374,000 after acquiring an additional 261,277 shares during the last quarter. Hedge funds and other institutional investors own 89.24% of the company’s stock.
In related news, CEO Gerald Paul sold 66,000 shares of the stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $21.77, for a total value of $1,436,820.00. Following the completion of the transaction, the chief executive officer now owns 220,824 shares of the company’s stock, valued at $4,807,338.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank Dieter Maier sold 6,421 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $21.75, for a total transaction of $139,656.75. Following the completion of the transaction, the director now directly owns 74,399 shares of the company’s stock, valued at approximately $1,618,178.25. The disclosure for this sale can be found here. Insiders have sold 157,782 shares of company stock valued at $3,444,175 in the last ninety days. 8.07% of the stock is owned by company insiders.
Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.01. The business had revenue of $745.16 million during the quarter, compared to analyst estimates of $754.26 million. Vishay Intertechnology had a net margin of 11.72% and a return on equity of 23.80%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 earnings per share. Equities analysts predict that Vishay Intertechnology will post 1.65 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 2.41%. This is a positive change from Vishay Intertechnology’s previous quarterly dividend of $0.09. Vishay Intertechnology’s dividend payout ratio is currently 16.04%.
A number of research firms have weighed in on VSH. Zacks Investment Research lowered shares of Vishay Intertechnology from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 16th. ValuEngine lowered shares of Vishay Intertechnology from a “sell” rating to a “strong sell” rating in a research report on Monday, May 13th. Cowen assumed coverage on shares of Vishay Intertechnology in a research report on Tuesday. They set a “market perform” rating and a $17.00 price objective for the company. Finally, Bank of America lowered shares of Vishay Intertechnology from a “buy” rating to a “neutral” rating and set a $23.00 price objective for the company. in a research report on Wednesday, February 6th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $23.20.
Vishay Intertechnology Profile
Vishay Intertechnology, Inc manufactures and supplies discrete semiconductors and passive components in the United States, Europe, and Asia. The Metal Oxide Semiconductor Field Effect Transistors (MOSFETs) segment offers low- and medium-voltage TrenchFET MOSFETs, high-voltage planar MOSFETs, high voltage super junction MOSFETs, power integrated circuits, and integrated function power devices.
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