Vishay Intertechnology, Inc. (VSH) Shares Sold by Nationwide Fund Advisors
Nationwide Fund Advisors reduced its stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 23.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 331,239 shares of the semiconductor company’s stock after selling 99,270 shares during the quarter. Nationwide Fund Advisors owned about 0.23% of Vishay Intertechnology worth $5,499,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Bank of America Corp DE raised its stake in Vishay Intertechnology by 15.0% during the 1st quarter. Bank of America Corp DE now owns 513,444 shares of the semiconductor company’s stock worth $8,446,000 after acquiring an additional 66,895 shares in the last quarter. Prudential Financial Inc. raised its stake in Vishay Intertechnology by 18.9% during the 2nd quarter. Prudential Financial Inc. now owns 1,514,638 shares of the semiconductor company’s stock worth $25,143,000 after acquiring an additional 240,710 shares in the last quarter. Systematic Financial Management LP raised its stake in Vishay Intertechnology by 21.1% during the 2nd quarter. Systematic Financial Management LP now owns 1,234,992 shares of the semiconductor company’s stock worth $20,501,000 after acquiring an additional 215,039 shares in the last quarter. Bowling Portfolio Management LLC raised its stake in Vishay Intertechnology by 80.7% during the 2nd quarter. Bowling Portfolio Management LLC now owns 93,581 shares of the semiconductor company’s stock worth $1,553,000 after acquiring an additional 41,780 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Vishay Intertechnology by 8.7% during the 1st quarter. Geode Capital Management LLC now owns 1,321,090 shares of the semiconductor company’s stock worth $21,731,000 after acquiring an additional 105,833 shares in the last quarter.
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Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. BidaskClub upgraded shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $17.00 price target on shares of Vishay Intertechnology in a research note on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $18.50.
Vishay Intertechnology, Inc. (NYSE:VSH) opened at 19.40 on Thursday. Vishay Intertechnology, Inc. has a 1-year low of $13.66 and a 1-year high of $19.45. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 36.81 and a beta of 1.24. The firm has a 50-day moving average of $17.85 and a 200-day moving average of $17.00.
Vishay Intertechnology (NYSE:VSH) last issued its earnings results 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 analysts’ expectations of $643.19 million. Vishay Intertechnology had a net margin of 3.34% and a return on equity of 9.89%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 earnings per share. On average, analysts expect that Vishay Intertechnology, Inc. will post $1.34 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Friday, September 15th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.29%. Vishay Intertechnology’s dividend payout ratio (DPR) is 49.02%.
Vishay Intertechnology announced that its Board of Directors has authorized a share buyback 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 usually a sign that the company’s board believes its shares are undervalued.
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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