Smith Graham & Co. Investment Advisors LP trimmed its position in shares of Vishay Intertechnology (NYSE:VSH) by 3.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 306,760 shares of the semiconductor company’s stock after selling 12,140 shares during the quarter. Smith Graham & Co. Investment Advisors LP owned approximately 0.21% of Vishay Intertechnology worth $6,243,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in VSH. Sensato Investors LLC acquired a new stake in shares of Vishay Intertechnology during the second quarter valued at about $19,150,000. DNB Asset Management AS boosted its stake in shares of Vishay Intertechnology by 19.2% during the third quarter. DNB Asset Management AS now owns 4,953,569 shares of the semiconductor company’s stock valued at $100,805,000 after purchasing an additional 797,238 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Vishay Intertechnology by 195.6% during the second quarter. Bank of Montreal Can now owns 1,008,837 shares of the semiconductor company’s stock valued at $23,405,000 after purchasing an additional 667,519 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Vishay Intertechnology by 27.8% during the second quarter. Millennium Management LLC now owns 2,415,665 shares of the semiconductor company’s stock valued at $56,043,000 after purchasing an additional 525,023 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Vishay Intertechnology during the second quarter valued at about $7,630,000. 97.86% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Thomas C. Wertheimer sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $20.88, for a total transaction of $208,800.00. Following the completion of the transaction, the director now directly owns 51,137 shares in the company, valued at $1,067,740.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.07% of the stock is owned by company insiders.
Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.07. Vishay Intertechnology had a return on equity of 18.51% and a net margin of 1.84%. The company had revenue of $780.97 million during the quarter, compared to the consensus estimate of $779.78 million. During the same period last year, the company earned $0.42 earnings per share. The firm’s revenue was up 15.2% compared to the same quarter last year. On average, research analysts anticipate that Vishay Intertechnology will post 2 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Thursday, December 6th will be given a dividend of $0.085 per share. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.91%. Vishay Intertechnology’s dividend payout ratio (DPR) is 23.78%.
A number of analysts have recently commented on VSH shares. Zacks Investment Research lowered Vishay Intertechnology from a “strong-buy” rating to a “hold” rating and set a $22.00 price target on the stock. in a research note on Saturday, October 13th. Citigroup raised their price objective on Vishay Intertechnology from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Stifel Nicolaus restated a “hold” rating and set a $24.00 price objective on shares of Vishay Intertechnology in a research report on Wednesday, August 8th. Finally, ValuEngine downgraded Vishay Intertechnology from a “sell” rating to a “strong sell” rating in a research report on Monday, October 8th. One 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 company. The company has a consensus rating of “Hold” and a consensus target price of $25.00.
Vishay Intertechnology Company Profile
Vishay Intertechnology, Inc manufactures and supplies discrete semiconductors and passive components in the United States, Europe, and Asia. The Metal Oxide Semiconductor Field Effect Transistors (MOSFETs) segment offers low- and medium-voltage TrenchFET MOSFETs, high-voltage planar MOSFETs, high voltage super junction MOSFETs, power integrated circuits, and integrated function power devices.
Further Reading: Why do corrections happen?
Receive News & Ratings for Vishay Intertechnology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vishay Intertechnology and related companies with MarketBeat.com's FREE daily email newsletter.