53,651 Shares in Vishay Intertechnology, Inc. (NYSE:VSH) Purchased by Jennison Associates LLC

Jennison Associates LLC bought a new position in Vishay Intertechnology, Inc. (NYSE:VSH) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 53,651 shares of the semiconductor company’s stock, valued at approximately $1,078,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in VSH. Exchange Traded Concepts LLC increased its position in shares of Vishay Intertechnology by 111.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,229 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 649 shares during the last quarter. Banque Cantonale Vaudoise lifted its holdings in Vishay Intertechnology by 100.0% in the 2nd quarter. Banque Cantonale Vaudoise now owns 2,000 shares of the semiconductor company’s stock worth $45,000 after buying an additional 1,000 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in Vishay Intertechnology by 55.0% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 2,603 shares of the semiconductor company’s stock worth $59,000 after buying an additional 924 shares during the period. US Bancorp DE lifted its holdings in Vishay Intertechnology by 22.9% in the 2nd quarter. US Bancorp DE now owns 2,773 shares of the semiconductor company’s stock worth $63,000 after buying an additional 516 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its holdings in Vishay Intertechnology by 13.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 12,680 shares of the semiconductor company’s stock worth $125,000 after buying an additional 1,497 shares during the period. Institutional investors and hedge funds own 84.15% of the company’s stock.

Shares of VSH opened at $22.27 on Friday. The firm has a market capitalization of $3.22 billion, a P/E ratio of 10.81, a PEG ratio of 0.43 and a beta of 1.34. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.06 and a quick ratio of 2.23. The business has a fifty day moving average of $21.23 and a 200 day moving average of $21.18. Vishay Intertechnology, Inc. has a one year low of $19.00 and a one year high of $26.50.

Vishay Intertechnology (NYSE:VSH) last released its earnings results on Wednesday, November 3rd. The semiconductor company reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.02). The company had revenue of $813.66 million for the quarter, compared to analysts’ expectations of $832.73 million. Vishay Intertechnology had a net margin of 9.76% and a return on equity of 17.68%. Vishay Intertechnology’s revenue for the quarter was up 27.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 earnings per share. Analysts expect that Vishay Intertechnology, Inc. will post 2.32 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 17th. Stockholders of record on Tuesday, December 7th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.80%. This is a boost from Vishay Intertechnology’s previous quarterly dividend of $0.10. The ex-dividend date was Monday, December 6th. Vishay Intertechnology’s payout ratio is 19.42%.

Separately, Cowen reduced their price objective on Vishay Intertechnology from $27.00 to $22.00 and set a “market perform” rating for the company in a research report on Thursday, October 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vishay Intertechnology presently has a consensus rating of “Hold” and a consensus target price of $23.36.

Vishay Intertechnology Profile

Vishay Intertechnology, Inc engages in the manufacture and distribution of discrete semiconductors and passive components. It operates through the following segments: MOSFET (metal oxide semiconductor field-effect transistor), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors. The MOSFET segment offers semiconductors which function as solid state switches to control power.

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

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