Vishay Intertechnology, Inc. (NYSE:VSH) Stake Maintained by Capstone Asset Management Co.
Capstone Asset Management Co. continued to hold its position in Vishay Intertechnology, Inc. (NYSE:VSH) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,708 shares of the semiconductor company’s stock at the end of the second quarter. Capstone Asset Management Co.’s holdings in Vishay Intertechnology were worth $294,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Elkfork Partners LLC raised its position in Vishay Intertechnology by 7.4% in the first quarter. Elkfork Partners LLC now owns 7,700 shares of the semiconductor company’s stock valued at $127,000 after buying an additional 532 shares in the last quarter. Camarda Financial Advisors LLC bought a new position in Vishay Intertechnology during the first quarter valued at about $1,657,000. Bank of America Corp DE raised its position in Vishay Intertechnology by 15.0% in the first quarter. Bank of America Corp DE now owns 513,444 shares of the semiconductor company’s stock valued at $8,446,000 after buying an additional 66,895 shares in the last quarter. Geode Capital Management LLC raised its position in Vishay Intertechnology by 8.7% in the first quarter. Geode Capital Management LLC now owns 1,321,090 shares of the semiconductor company’s stock valued at $21,731,000 after buying an additional 105,833 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in Vishay Intertechnology during the first quarter valued at about $857,000.
Shares of Vishay Intertechnology, Inc. (NYSE VSH) traded up 1.017% during trading on Monday, reaching $17.375. The company’s stock had a trading volume of 249,273 shares. The firm’s 50-day moving average is $17.34 and its 200-day moving average is $16.59. The stock has a market capitalization of $2.54 billion, a PE ratio of 32.970 and a beta of 1.22. Vishay Intertechnology, Inc. has a 12-month low of $13.37 and a 12-month high of $18.55.
Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.02. The company had revenue of $644.89 million for 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 for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 earnings per share. Equities analysts expect that Vishay Intertechnology, Inc. will post $1.34 earnings per share for the current year.
Vishay Intertechnology declared that its board has authorized a share buyback program on Wednesday, August 2nd that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 5.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
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Several equities analysts have recently issued reports on VSH shares. Zacks Investment Research raised Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a research report on Friday, July 14th. BidaskClub lowered Vishay Intertechnology from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Stifel Nicolaus reissued a “hold” rating and issued a $17.00 target price on shares of Vishay Intertechnology in a research report on Friday, July 14th. Finally, ValuEngine raised Vishay Intertechnology from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $18.50.
Vishay Intertechnology Company Profile
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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