Bowling Portfolio Management LLC boosted its position in Vishay Intertechnology, Inc. (NYSE:VSH) by 80.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 93,581 shares of the semiconductor company’s stock after buying an additional 41,780 shares during the period. Bowling Portfolio Management LLC owned approximately 0.06% of Vishay Intertechnology worth $1,553,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE boosted its stake in shares of Vishay Intertechnology by 0.5% in the first quarter. US Bancorp DE now owns 8,759 shares of the semiconductor company’s stock worth $144,000 after buying an additional 45 shares during the period. Capstone Asset Management Co. boosted its stake in shares of Vishay Intertechnology by 0.5% in the first quarter. Capstone Asset Management Co. now owns 17,708 shares of the semiconductor company’s stock worth $291,000 after buying an additional 80 shares during the period. Wedge Capital Management L L P NC boosted its position in Vishay Intertechnology by 0.4% in the first quarter. Wedge Capital Management L L P NC now owns 30,510 shares of the semiconductor company’s stock worth $502,000 after buying an additional 126 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Vishay Intertechnology by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 18,468 shares of the semiconductor company’s stock worth $304,000 after buying an additional 219 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Vishay Intertechnology by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 12,657 shares of the semiconductor company’s stock worth $208,000 after buying an additional 308 shares during the last quarter.
Shares of Vishay Intertechnology, Inc. (NYSE VSH) traded down 0.58% during mid-day trading on Friday, reaching $17.05. 508,985 shares of the company were exchanged. Vishay Intertechnology, Inc. has a 12 month low of $13.37 and a 12 month high of $18.55. The firm has a 50-day moving average price of $17.32 and a 200 day moving average price of $16.59. The stock has a market capitalization of $2.49 billion, a P/E ratio of 32.35 and a beta of 1.22.
Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.02. The firm had revenue of $644.89 million for the quarter, compared to the consensus estimate of $643.19 million. Vishay Intertechnology had a net margin of 3.34% and a return on equity of 9.89%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 EPS. Equities research analysts anticipate that Vishay Intertechnology, Inc. will post $1.34 EPS for the current fiscal year.
Vishay Intertechnology declared that its Board of Directors has authorized a share buyback program on Wednesday, August 2nd that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the semiconductor company to purchase up to 5.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
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Several brokerages have recently commented on VSH. BidaskClub lowered shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Stifel Nicolaus restated a “hold” rating and issued a $17.00 price target on shares of Vishay Intertechnology in a research note on Friday, July 14th. Zacks Investment Research upgraded shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a research note on Friday, July 14th. Finally, ValuEngine upgraded shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Vishay Intertechnology has an average rating of “Buy” and a consensus target price of $18.50.
Vishay Intertechnology Company Profile
Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five product segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors and Capacitors. MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs.
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