Comerica Bank lessened its stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,035 shares of the semiconductor company’s stock after selling 671 shares during the quarter. Comerica Bank owned about 0.07% of Vishay Intertechnology worth $1,878,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of 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 purchasing an additional 66,895 shares in the last quarter. Elkfork Partners LLC boosted its position in shares of Vishay Intertechnology by 7.4% during the 1st quarter. Elkfork Partners LLC now owns 7,700 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 532 shares in the last quarter. Bowling Portfolio Management LLC boosted its position in shares of 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 purchasing an additional 41,780 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of 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 purchasing an additional 105,833 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in shares of Vishay Intertechnology during the 1st quarter worth about $857,000.
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A number of equities analysts have recently issued reports on VSH shares. Stifel Nicolaus reissued a “hold” rating and set a $17.00 price objective on shares of Vishay Intertechnology in a research report on Friday, July 14th. BidaskClub lowered shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Monday, July 31st. ValuEngine upgraded shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.50.
Shares of Vishay Intertechnology, Inc. (VSH) opened at 17.50 on Monday. The company has a 50 day moving average of $17.45 and a 200-day moving average of $16.71. Vishay Intertechnology, Inc. has a 12-month low of $13.37 and a 12-month high of $18.55. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 33.21 and a beta of 1.23.
Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.36 EPS for the quarter, topping the 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 business had revenue of $644.89 million for the quarter, compared to analyst estimates of $643.19 million. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Vishay Intertechnology’s quarterly revenue was up 9.3% on a year-over-year basis. Analysts predict that Vishay Intertechnology, Inc. will post $1.34 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Friday, September 15th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 1.43%. The ex-dividend date is Thursday, September 14th. Vishay Intertechnology’s payout ratio is currently 49.02%.
Vishay Intertechnology declared that its Board of Directors has initiated a stock repurchase program on Wednesday, August 2nd that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the semiconductor company to purchase up to 5.8% of its shares through open market purchases. Shares repurchase programs are typically 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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