Marshall Wace North America L.P. bought a new position in Vishay Intertechnology, Inc. (NYSE:VSH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 470,503 shares of the semiconductor company’s stock, valued at approximately $7,999,000. Marshall Wace North America L.P. owned about 0.32% of Vishay Intertechnology at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Bank of America Corp DE boosted its position in shares of Vishay Intertechnology by 15.0% in the first quarter. Bank of America Corp DE now owns 513,444 shares of the semiconductor company’s stock worth $8,446,000 after buying an additional 66,895 shares during the last quarter. Elkfork Partners LLC boosted its position in shares of Vishay Intertechnology by 7.4% in the first quarter. Elkfork Partners LLC now owns 7,700 shares of the semiconductor company’s stock worth $127,000 after buying an additional 532 shares during the last quarter. Camarda Financial Advisors LLC acquired a new position in shares of Vishay Intertechnology during the first quarter worth approximately $1,657,000. Bowling Portfolio Management LLC boosted its position in shares of Vishay Intertechnology by 80.7% in the second quarter. Bowling Portfolio Management LLC now owns 93,581 shares of the semiconductor company’s stock worth $1,553,000 after buying an additional 41,780 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Vishay Intertechnology by 8.7% in the first quarter. Geode Capital Management LLC now owns 1,321,090 shares of the semiconductor company’s stock worth $21,731,000 after buying an additional 105,833 shares during the last quarter.
Shares of Vishay Intertechnology, Inc. (VSH) opened at 17.15 on Friday. The firm has a 50-day moving average of $17.43 and a 200-day moving average of $16.62. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 32.54 and a beta of 1.22. Vishay Intertechnology, Inc. has a one year low of $13.37 and a one year high of $18.55.
Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. The firm had revenue of $644.89 million for the quarter, compared to analyst estimates of $643.19 million. Vishay Intertechnology had a net margin of 3.34% and a return on equity of 9.89%. Vishay Intertechnology’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 EPS. Equities research analysts forecast that Vishay Intertechnology, Inc. will post $1.34 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Friday, September 15th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.25 annualized dividend and a yield of 1.46%. Vishay Intertechnology’s dividend payout ratio (DPR) is currently 49.02%.
Vishay Intertechnology announced that its Board of Directors has initiated a stock repurchase plan 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 stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
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A number of equities analysts recently commented on VSH shares. Stifel Nicolaus reiterated a “hold” rating and issued a $17.00 target price on shares of Vishay Intertechnology in a research report on Monday, August 14th. Zacks Investment Research upgraded shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a research report on Friday, July 14th. BidaskClub lowered shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Finally, ValuEngine raised shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Vishay Intertechnology has an average rating of “Buy” and an average 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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