Rhumbline Advisers Purchases 3,970 Shares of Vishay Intertechnology (VSH)

Rhumbline Advisers raised its position in Vishay Intertechnology (NYSE:VSH) by 0.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 449,739 shares of the semiconductor company’s stock after acquiring an additional 3,970 shares during the period. Rhumbline Advisers’ holdings in Vishay Intertechnology were worth $8,307,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Fisher Asset Management LLC raised its holdings in shares of Vishay Intertechnology by 16.4% in the 4th 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. Macquarie Group Ltd. raised its holdings in shares of Vishay Intertechnology by 0.4% in the 4th quarter. Macquarie Group Ltd. now owns 3,492,656 shares of the semiconductor company’s stock worth $62,902,000 after buying an additional 14,208 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Vishay Intertechnology by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 1,839,841 shares of the semiconductor company’s stock worth $33,134,000 after buying an additional 76,855 shares in the last quarter. Norges Bank acquired a new position in shares of Vishay Intertechnology in the 4th quarter worth approximately $29,954,000. Finally, Bank of America Corp DE raised its holdings in shares of Vishay Intertechnology by 26.6% in the 4th quarter. Bank of America Corp DE now owns 1,242,310 shares of the semiconductor company’s stock worth $22,374,000 after buying an additional 261,277 shares in the last quarter. 89.53% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on the company. Cowen assumed coverage on Vishay Intertechnology in a report on Tuesday. They issued a “market perform” rating and a $17.00 target price for the company. Zacks Investment Research cut Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a report on Friday, April 12th. ValuEngine cut Vishay Intertechnology from a “sell” rating to a “strong sell” rating in a report on Monday, May 13th. Finally, Bank of America cut Vishay Intertechnology from a “buy” rating to a “neutral” rating and set a $23.00 target price for the company. in a report on Wednesday, February 6th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $23.20.

In related news, CEO Gerald Paul sold 66,000 shares of the stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $21.77, for a total transaction of $1,436,820.00. Following the sale, the chief executive officer now directly owns 220,824 shares in the company, valued at approximately $4,807,338.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Marc Zandman sold 85,361 shares of the stock in a transaction that occurred on Thursday, February 28th. The stock was 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 157,782 shares of company stock worth $3,444,175. 8.07% of the stock is owned by corporate insiders.

Shares of VSH opened at $16.44 on Wednesday. The company has a market capitalization of $2.37 billion, a PE ratio of 7.75, a P/E/G ratio of 1.09 and a beta of 1.41. Vishay Intertechnology has a 1 year low of $15.91 and a 1 year high of $26.50. The company has a quick ratio of 2.25, a current ratio of 3.09 and a debt-to-equity ratio of 0.40.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $0.51 EPS 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 analyst estimates of $754.26 million. Vishay Intertechnology had a return on equity of 23.80% and a net margin of 11.72%. Vishay Intertechnology’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.40 EPS. As a group, equities research analysts expect that Vishay Intertechnology will post 1.65 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Wednesday, June 12th. This is a positive change from Vishay Intertechnology’s previous quarterly dividend of $0.09. This represents a $0.38 dividend on an annualized basis and a yield of 2.31%. Vishay Intertechnology’s dividend payout ratio is 16.04%.

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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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Institutional Ownership by Quarter for Vishay Intertechnology (NYSE:VSH)

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