Point72 Asia Singapore Pte. Ltd. Invests $302,000 in Vishay Intertechnology, Inc. (NYSE:VSH)

Point72 Asia Singapore Pte. Ltd. bought a new stake in Vishay Intertechnology, Inc. (NYSE:VSH) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 15,989 shares of the semiconductor company’s stock, valued at approximately $302,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Matrix Trust Co purchased a new stake in Vishay Intertechnology during the third quarter worth about $25,000. Massmutual Trust Co. FSB ADV lifted its holdings in Vishay Intertechnology by 173.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,367 shares of the semiconductor company’s stock worth $30,000 after buying an additional 868 shares in the last quarter. nVerses Capital LLC purchased a new position in Vishay Intertechnology in the 2nd quarter valued at approximately $45,000. Northwestern Mutual Wealth Management Co. boosted its position in Vishay Intertechnology by 11,136.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,135 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 2,116 shares during the period. Finally, Adirondack Trust Co. grew its stake in shares of Vishay Intertechnology by 71.4% in the third quarter. Adirondack Trust Co. now owns 4,800 shares of the semiconductor company’s stock worth $91,000 after acquiring an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Vishay Intertechnology Trading Down 4.3 %

Shares of NYSE:VSH opened at $18.48 on Wednesday. Vishay Intertechnology, Inc. has a 52 week low of $14.95 and a 52 week high of $24.72. The company’s 50 day moving average is $17.61 and its two-hundred day moving average is $20.25. The company has a market cap of $2.51 billion, a PE ratio of 29.81 and a beta of 1.12. The company has a current ratio of 2.81, a quick ratio of 1.85 and a debt-to-equity ratio of 0.38.

Vishay Intertechnology (NYSE:VSH) last posted its earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.06). The business had revenue of $735.35 million during the quarter, compared to analysts’ expectations of $748.84 million. Vishay Intertechnology had a net margin of 2.88% and a return on equity of 5.35%. The business’s quarterly revenue was down 13.9% compared to the same quarter last year. During the same period last year, the company earned $0.60 EPS. Equities analysts predict that Vishay Intertechnology, Inc. will post 0.55 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Tuesday, December 3rd. Vishay Intertechnology’s payout ratio is 64.52%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. TD Cowen decreased their target price on Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating for the company in a report on Thursday, August 8th. StockNews.com lowered Vishay Intertechnology from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.