Olstein Capital Management L.P. lowered its position in Vishay Intertechnology, Inc. (NYSE:VSH) by 8.3% during the second quarter, Holdings Channel reports. The institutional investor owned 55,004 shares of the semiconductor company’s stock after selling 5,000 shares during the period. Olstein Capital Management L.P.’s holdings in Vishay Intertechnology were worth $913,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of VSH. US Bancorp DE boosted its stake in shares of Vishay Intertechnology by 0.5% in the first quarter. US Bancorp DE now owns 8,759 shares of the semiconductor company’s stock valued at $144,000 after buying an additional 45 shares during the period. Capstone Asset Management Co. boosted its stake in shares of Vishay Intertechnology by 0.5% in the first quarter. Capstone Asset Management Co. now owns 17,708 shares of the semiconductor company’s stock valued at $291,000 after buying an additional 80 shares during the period. Wedge Capital Management L L P NC boosted its stake in shares of Vishay Intertechnology by 0.4% in the first quarter. Wedge Capital Management L L P NC now owns 30,510 shares of the semiconductor company’s stock valued at $502,000 after buying an additional 126 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Vishay Intertechnology by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 18,468 shares of the semiconductor company’s stock valued at $304,000 after buying an additional 219 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Vishay Intertechnology by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 12,657 shares of the semiconductor company’s stock valued at $208,000 after buying an additional 308 shares during the period.

Shares of Vishay Intertechnology, Inc. (NYSE:VSH) opened at 17.30 on Wednesday. Vishay Intertechnology, Inc. has a 1-year low of $13.37 and a 1-year high of $18.55. The firm’s 50-day moving average price is $17.38 and its 200 day moving average price is $16.60. The company has a market capitalization of $2.53 billion, a PE ratio of 32.83 and a beta of 1.22.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.02. Vishay Intertechnology had a net margin of 3.34% and a return on equity of 9.89%. The firm had revenue of $644.89 million during the quarter, compared to the consensus estimate of $643.19 million. During the same period last year, the firm earned $0.23 EPS. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Equities analysts predict that Vishay Intertechnology, Inc. will post $1.34 EPS for the current fiscal year.

Vishay Intertechnology declared that its Board of Directors has approved a stock buyback plan on Wednesday, August 2nd that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the semiconductor company to repurchase up to 5.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

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Several brokerages recently issued reports on VSH. Stifel Nicolaus reiterated a “hold” rating and issued a $17.00 price target on shares of Vishay Intertechnology in a research note on Monday. BidaskClub cut Vishay Intertechnology from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a research note on Friday, July 14th. Finally, ValuEngine upgraded Vishay Intertechnology from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $18.50.

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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Institutional Ownership by Quarter for Vishay Intertechnology (NYSE:VSH)

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