Vishay Intertechnology, Inc. (VSH) Shares Sold by Macquarie Group Ltd.
Macquarie Group Ltd. decreased its position in Vishay Intertechnology, Inc. (NYSE:VSH) by 3.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,886,969 shares of the semiconductor company’s stock after selling 118,742 shares during the period. Macquarie Group Ltd. owned approximately 2.64% of Vishay Intertechnology worth $73,075,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in VSH. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Vishay Intertechnology by 9.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,800 shares of the semiconductor company’s stock valued at $113,000 after buying an additional 600 shares during the period. Riverhead Capital Management LLC grew its holdings in shares of Vishay Intertechnology by 65.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 8,090 shares of the semiconductor company’s stock valued at $134,000 after buying an additional 3,190 shares during the period. Shelton Capital Management acquired a new position in shares of Vishay Intertechnology in the 2nd quarter valued at $169,000. LS Investment Advisors LLC grew its holdings in shares of Vishay Intertechnology by 17.9% in the 2nd quarter. LS Investment Advisors LLC now owns 10,513 shares of the semiconductor company’s stock valued at $175,000 after buying an additional 1,595 shares during the period. Finally, Oakbrook Investments LLC acquired a new position in shares of Vishay Intertechnology in the 3rd quarter valued at $192,000.
Vishay Intertechnology, Inc. (VSH) traded up $0.30 on Friday, reaching $22.40. 1,825,767 shares of the company traded hands, compared to its average volume of 1,982,025. The company has a market cap of $3,292.87, a PE ratio of 18.06, a P/E/G ratio of 0.78 and a beta of 1.19. Vishay Intertechnology, Inc. has a 1-year low of $14.70 and a 1-year high of $22.55. The company has a quick ratio of 3.44, a current ratio of 4.33 and a debt-to-equity ratio of 0.38.
Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.37 by $0.05. The business had revenue of $677.90 million for the quarter, compared to analysts’ expectations of $660.32 million. Vishay Intertechnology had a net margin of 4.34% and a return on equity of 11.77%. The firm’s revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 EPS. equities research analysts predict that Vishay Intertechnology, Inc. will post 1.4 EPS for the current fiscal year.
Vishay Intertechnology announced that its Board of Directors has approved a stock repurchase program on Wednesday, August 2nd that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the semiconductor company to repurchase up to 5.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be given a $0.0675 dividend. This is a boost from Vishay Intertechnology’s previous quarterly dividend of $0.06. This represents a $0.27 annualized dividend and a yield of 1.21%. The ex-dividend date is Wednesday, December 6th. Vishay Intertechnology’s payout ratio is currently 36.77%.
In other Vishay Intertechnology news, CEO Gerald Paul sold 50,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $21.37, for a total transaction of $1,068,500.00. Following the sale, the chief executive officer now directly 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 at this link. Also, Director Abraham Ludomirski sold 20,000 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $21.79, for a total transaction of $435,800.00. Following the sale, the director now directly owns 86,232 shares in the company, valued at $1,878,995.28. The disclosure for this sale can be found here. Insiders own 7.91% of the company’s stock.
Several equities analysts have recently issued reports on VSH shares. BidaskClub lowered shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Stifel Nicolaus reissued a “hold” rating and issued a $17.00 price target on shares of Vishay Intertechnology in a report on Monday, August 14th. Zacks Investment Research lowered shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, Citigroup Inc. boosted their price objective on shares of Vishay Intertechnology from $16.00 to $19.00 and gave the company a “sell” rating in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $20.33.
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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