Point72 Hong Kong Ltd Takes Position in Vishay Intertechnology, Inc. (NYSE:VSH)

Point72 Hong Kong Ltd purchased a new position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 87,412 shares of the semiconductor company’s stock, valued at approximately $1,653,000.

A number of other large investors have also recently bought and sold shares of VSH. Deprince Race & Zollo Inc. raised its holdings in shares of Vishay Intertechnology by 94.0% in the second quarter. Deprince Race & Zollo Inc. now owns 3,129,207 shares of the semiconductor company’s stock valued at $69,781,000 after buying an additional 1,516,368 shares during the last quarter. American Century Companies Inc. raised its stake in Vishay Intertechnology by 12.7% during the 2nd quarter. American Century Companies Inc. now owns 3,109,768 shares of the semiconductor company’s stock valued at $69,348,000 after acquiring an additional 350,512 shares during the last quarter. Fisher Asset Management LLC raised its stake in Vishay Intertechnology by 2.5% during the 3rd quarter. Fisher Asset Management LLC now owns 2,673,088 shares of the semiconductor company’s stock valued at $50,548,000 after acquiring an additional 66,268 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Vishay Intertechnology by 1.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,573,745 shares of the semiconductor company’s stock valued at $48,669,000 after purchasing an additional 30,515 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Vishay Intertechnology by 17.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,709,994 shares of the semiconductor company’s stock valued at $32,336,000 after purchasing an additional 248,741 shares during the last quarter. Institutional investors and hedge funds own 93.66% of the company’s stock.

Vishay Intertechnology Stock Performance

Shares of VSH stock opened at $19.10 on Monday. The company has a current ratio of 2.81, a quick ratio of 1.85 and a debt-to-equity ratio of 0.38. The stock has a 50 day simple moving average of $17.60 and a 200-day simple moving average of $20.31. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 30.81 and a beta of 1.09. Vishay Intertechnology, Inc. has a 12-month low of $14.95 and a 12-month high of $24.72.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06). The business had revenue of $735.35 million during the quarter, compared to analysts’ expectations of $748.84 million. Vishay Intertechnology had a return on equity of 5.35% and a net margin of 2.88%. The company’s revenue was down 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. On average, equities analysts forecast that Vishay Intertechnology, Inc. will post 0.55 EPS for the current year.

Vishay Intertechnology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Tuesday, December 3rd. Vishay Intertechnology’s dividend payout ratio (DPR) is 64.52%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. TD Cowen decreased their price target on Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating for the company in a report on Thursday, August 8th. StockNews.com cut shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

Vishay Intertechnology Profile

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.