HighPoint Advisor Group LLC purchased a new position in Vishay Intertechnology, Inc. (NYSE:VSH) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 39,010 shares of the semiconductor company’s stock, valued at approximately $837,000.
Several other large investors also recently modified their holdings of VSH. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Vishay Intertechnology by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,800 shares of the semiconductor company’s stock valued at $113,000 after purchasing an additional 600 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in Vishay Intertechnology by 65.1% during the second quarter. Riverhead Capital Management LLC now owns 8,090 shares of the semiconductor company’s stock valued at $134,000 after purchasing an additional 3,190 shares during the last quarter. Shelton Capital Management purchased a new stake in Vishay Intertechnology during the second quarter valued at about $169,000. Oakbrook Investments LLC purchased a new stake in Vishay Intertechnology during the third quarter valued at about $192,000. Finally, LS Investment Advisors LLC lifted its holdings in Vishay Intertechnology by 17.9% during the second quarter. LS Investment Advisors LLC now owns 10,513 shares of the semiconductor company’s stock valued at $175,000 after purchasing an additional 1,595 shares during the last quarter.
Several equities research analysts have commented on VSH shares. Zacks Investment Research raised shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a report on Thursday, October 5th. BidaskClub downgraded shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Citigroup Inc. upped their price objective on shares of Vishay Intertechnology from $16.00 to $19.00 and gave the company a “sell” rating in a report on Friday, October 27th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $17.00 price objective on shares of Vishay Intertechnology in a report on Monday, August 14th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $20.33.
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In other news, CEO Gerald Paul sold 50,000 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $21.37, for a total value 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 $3,483,010.82. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Abraham Ludomirski sold 20,000 shares of the 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 completion of 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. Corporate insiders own 7.91% of the company’s stock.
Vishay Intertechnology, Inc. (NYSE:VSH) traded down $0.15 during midday trading on Tuesday, reaching $21.30. 2,133,400 shares of the company’s stock traded hands, compared to its average volume of 1,259,385. The stock has a market capitalization of $3,153.22, a P/E ratio of 17.30, a PEG ratio of 0.74 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 debt-to-equity ratio of 0.38, a quick ratio of 3.44 and a current ratio of 4.33.
Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. Vishay Intertechnology had a net margin of 4.34% and a return on equity of 11.77%. The firm had revenue of $677.90 million for the quarter, compared to the consensus estimate of $660.32 million. During the same period in the prior year, the firm posted $0.25 earnings per share. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. equities research analysts expect that Vishay Intertechnology, Inc. will post 1.4 EPS for the current fiscal year.
Vishay Intertechnology announced that its Board of Directors has initiated a share repurchase program on Wednesday, August 2nd that permits the company to repurchase $150.00 million in outstanding 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 usually an indication that the company’s management believes its stock is undervalued.
Vishay Intertechnology 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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