Quentec Asset Management LLC decreased its stake in Vishay Intertechnology, Inc. (NYSE:VSH) by 6.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 679,831 shares of the semiconductor company’s stock after selling 45,148 shares during the quarter. Vishay Intertechnology accounts for about 1.3% of Quentec Asset Management LLC’s investment portfolio, making the stock its 16th largest holding. Quentec Asset Management LLC owned 0.46% of Vishay Intertechnology worth $12,781,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Schroder Investment Management Group lifted its stake in Vishay Intertechnology by 11.5% in the 3rd quarter. Schroder Investment Management Group now owns 7,205,858 shares of the semiconductor company’s stock worth $134,750,000 after acquiring an additional 744,701 shares in the last quarter. LSV Asset Management raised its stake in shares of Vishay Intertechnology by 2.6% during the 2nd quarter. LSV Asset Management now owns 7,144,985 shares of the semiconductor company’s stock worth $118,606,000 after purchasing an additional 178,200 shares in the last quarter. Royce & Associates LP raised its stake in shares of Vishay Intertechnology by 6.8% during the 3rd quarter. Royce & Associates LP now owns 6,818,471 shares of the semiconductor company’s stock worth $128,187,000 after purchasing an additional 435,749 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Vishay Intertechnology by 3.5% during the 3rd quarter. Fisher Asset Management LLC now owns 4,987,610 shares of the semiconductor company’s stock worth $93,767,000 after purchasing an additional 166,653 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Vishay Intertechnology by 6.5% during the 2nd quarter. State Street Corp now owns 4,824,475 shares of the semiconductor company’s stock worth $80,084,000 after purchasing an additional 295,455 shares in the last quarter.
A number of research analysts have recently commented on the company. Citigroup increased their price objective on Vishay Intertechnology from $16.00 to $19.00 and gave the company a “sell” rating in a report on Friday, October 27th. Stifel Nicolaus raised their target price on Vishay Intertechnology from $18.00 to $20.00 and gave the company a “hold” rating in a report on Friday, October 27th. Zacks Investment Research upgraded Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $22.00 target price for the company in a research report on Thursday, October 5th. Finally, BidaskClub downgraded Vishay Intertechnology from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $20.33.
Vishay Intertechnology, Inc. (VSH) traded up $0.65 during mid-day trading on Friday, hitting $21.00. The stock had a trading volume of 2,843,801 shares, compared to its average volume of 1,378,263. The company has a market capitalization of $2,991.51, a P/E ratio of 16.41, a P/E/G ratio of 0.70 and a beta of 1.19. Vishay Intertechnology, Inc. has a 12 month low of $15.35 and a 12 month high of $23.45. The company has a current ratio of 4.33, a quick ratio of 3.44 and a debt-to-equity ratio of 0.38.
Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. Vishay Intertechnology had a return on equity of 11.77% and a net margin of 4.34%. The business had revenue of $677.90 million during the quarter, compared to analysts’ expectations of $660.32 million. During the same period in the previous year, the firm earned $0.25 earnings per share. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. analysts predict that Vishay Intertechnology, Inc. will post 1.41 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be paid a $0.0675 dividend. This represents a $0.27 dividend on an annualized basis and a yield of 1.29%. This is a boost from Vishay Intertechnology’s previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, December 6th. Vishay Intertechnology’s payout ratio is presently 39.71%.
In related news, Director Abraham Ludomirski sold 20,000 shares of the company’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 owns 86,232 shares in the company, valued at $1,878,995.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gerald Paul sold 50,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 162,986 shares in the company, valued at approximately $3,483,010.82. The disclosure for this sale can be found here. 7.91% of the stock is currently owned by insiders.
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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