Pacer Advisors Inc. acquired a new position in shares of Vishay Intertechnology (NYSE:VSH) in the second quarter, HoldingsChannel reports. The institutional investor acquired 52,607 shares of the semiconductor company’s stock, valued at approximately $869,000.
Other large investors have also recently modified their holdings of the company. CWM Advisors LLC bought a new stake in shares of Vishay Intertechnology during the second quarter worth approximately $175,000. ARP Americas LP acquired a new stake in shares of Vishay Intertechnology in the second quarter valued at approximately $193,000. Cerebellum GP LLC raised its position in shares of Vishay Intertechnology by 620.4% in the first quarter. Cerebellum GP LLC now owns 11,858 shares of the semiconductor company’s stock valued at $219,000 after buying an additional 10,212 shares in the last quarter. BBT Capital Management LLC acquired a new stake in shares of Vishay Intertechnology in the first quarter valued at approximately $283,000. Finally, Affinity Investment Advisors LLC raised its position in shares of Vishay Intertechnology by 10.2% in the second quarter. Affinity Investment Advisors LLC now owns 17,154 shares of the semiconductor company’s stock valued at $283,000 after buying an additional 1,587 shares in the last quarter. Institutional investors own 87.00% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Exane BNP Paribas upgraded shares of Vishay Intertechnology from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 29th. BNP Paribas upgraded shares of Vishay Intertechnology from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 29th. ValuEngine upgraded shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded shares of Vishay Intertechnology from a “hold” rating to a “sell” rating and set a $17.00 price target for the company. in a research report on Saturday, July 13th. Finally, Cowen assumed coverage on shares of Vishay Intertechnology in a research report on Tuesday, May 21st. They issued a “market perform” rating and a $17.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $19.00.
Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Vishay Intertechnology had a net margin of 10.05% and a return on equity of 21.03%. The company had revenue of $685.20 million during the quarter, compared to the consensus estimate of $685.76 million. During the same period in the previous year, the business earned $0.54 earnings per share. The firm’s quarterly revenue was down 10.0% on a year-over-year basis. Sell-side analysts forecast that Vishay Intertechnology will post 1.29 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be given a dividend of $0.095 per share. The ex-dividend date is Wednesday, September 11th. This represents a $0.38 annualized dividend and a yield of 2.09%. Vishay Intertechnology’s dividend payout ratio is currently 17.92%.
Vishay Intertechnology 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.
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