Alps Advisors Inc. acquired a new stake in Vishay Intertechnology (NYSE:VSH) during the first quarter, according to its most recent filing with the SEC. The firm acquired 19,695 shares of the semiconductor company’s stock, valued at approximately $364,000.
A number of other large investors have also recently bought and sold shares of the stock. Empirical Finance LLC bought a new position in Vishay Intertechnology in the fourth quarter worth about $1,252,000. Strs Ohio raised its stake in Vishay Intertechnology by 41.7% in the fourth quarter. Strs Ohio now owns 8,500 shares of the semiconductor company’s stock worth $153,000 after buying an additional 2,500 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Vishay Intertechnology by 33.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 82,805 shares of the semiconductor company’s stock worth $1,491,000 after buying an additional 20,797 shares in the last quarter. Mondrian Investment Partners LTD raised its stake in Vishay Intertechnology by 56.2% in the fourth quarter. Mondrian Investment Partners LTD now owns 221,316 shares of the semiconductor company’s stock worth $3,986,000 after buying an additional 79,659 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in Vishay Intertechnology by 16.4% in the fourth quarter. Fisher Asset Management LLC now owns 5,593,182 shares of the semiconductor company’s stock worth $100,733,000 after buying an additional 787,545 shares in the last quarter. Hedge funds and other institutional investors own 89.53% of the company’s stock.
In other Vishay Intertechnology news, Chairman Marc Zandman sold 85,361 shares of the company’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $21.88, for a total value of $1,867,698.68. Following the sale, the chairman now owns 50,585 shares in the company, valued at $1,106,799.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frank Dieter Maier sold 6,421 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $21.75, for a total transaction of $139,656.75. Following the sale, the director now owns 74,399 shares in the company, valued at approximately $1,618,178.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 157,782 shares of company stock worth $3,444,175. Corporate insiders own 8.07% of the company’s stock.
Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.01. The business had revenue of $745.16 million for the quarter, compared to analysts’ expectations of $754.26 million. Vishay Intertechnology had a net margin of 11.72% and a return on equity of 23.80%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.40 earnings per share. As a group, equities analysts predict that Vishay Intertechnology will post 1.65 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th will be issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Wednesday, June 12th. This is a boost from Vishay Intertechnology’s previous quarterly dividend of $0.09. Vishay Intertechnology’s dividend payout ratio is 16.04%.
A number of equities analysts recently issued reports on VSH shares. Bank of America downgraded shares of Vishay Intertechnology from a “buy” rating to a “neutral” rating and set a $23.00 price target for the company. in a research note on Wednesday, February 6th. They noted that the move was a valuation call. ValuEngine cut shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. Finally, Zacks Investment Research upgraded 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 Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $24.75.
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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.
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