Capstone Capital Management Ltd lifted its stake in Vishay Intertechnology, Inc. (NYSE:VSH – Free Report) by 409.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182,901 shares of the semiconductor company’s stock after purchasing an additional 147,000 shares during the quarter. Vishay Intertechnology accounts for approximately 2.4% of Capstone Capital Management Ltd’s holdings, making the stock its 5th biggest position. Capstone Capital Management Ltd owned approximately 0.12% of Vishay Intertechnology worth $5,953,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Carolina Wealth Advisors LLC bought a new position in shares of Vishay Intertechnology during the second quarter valued at $32,000. Rakuten Securities Inc. bought a new position in Vishay Intertechnology during the second quarter valued at approximately $47,000. Integrated Wealth Concepts LLC purchased a new stake in Vishay Intertechnology in the second quarter worth approximately $49,000. Allworth Financial LP bought a new stake in Vishay Intertechnology in the 2nd quarter worth approximately $54,000. Finally, EFG International AG purchased a new stake in Vishay Intertechnology during the 2nd quarter valued at $72,000. 93.66% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts have issued reports on VSH shares. Oppenheimer raised their target price on Vishay Intertechnology from $42.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 8th. Weiss Ratings cut Vishay Intertechnology from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 25th. Needham & Company LLC started coverage on shares of Vishay Intertechnology in a research report on Tuesday, August 4th. They issued a “buy” rating and a $45.00 price target for the company. Zacks Research upgraded shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Finally, Wall Street Zen upgraded Vishay Intertechnology from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.67.
Insider Transactions at Vishay Intertechnology
In other news, Director Raanan Zilberman sold 16,575 shares of the business’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $35.82, for a total transaction of $593,716.50. Following the sale, the director directly owned 31,937 shares of the company’s stock, valued at $1,143,983.34. The trade was a 34.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 8.35% of the company’s stock.
Vishay Intertechnology Stock Performance
NYSE:VSH opened at $28.45 on Wednesday. Vishay Intertechnology, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $69.47. The stock’s fifty day moving average is $32.21 and its 200 day moving average is $37.78. The firm has a market capitalization of $4.36 billion, a PE ratio of 149.76, a PEG ratio of 3.36 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.80.
Vishay Intertechnology (NYSE:VSH – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.15 by $0.04. The company had revenue of $918.58 million for the quarter, compared to the consensus estimate of $897.03 million. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%. Vishay Intertechnology’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.07) EPS. On average, sell-side analysts anticipate that Vishay Intertechnology, Inc. will post 0.85 earnings per share for the current year.
Vishay Intertechnology Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were paid a $0.10 dividend. The ex-dividend date was Thursday, September 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. Vishay Intertechnology’s dividend payout ratio (DPR) is 210.53%.
Vishay Intertechnology Company Profile
Vishay Intertechnology, Inc is a global manufacturer of electronic components used in industrial, automotive, computing, telecommunications, consumer electronics, aerospace and defense, and medical applications. The company’s portfolio includes passive components and semiconductor products that support power management, signal processing, sensing, connectivity and energy conversion.
Its products include resistors, capacitors, inductors, diodes, rectifiers, power MOSFETs, optoelectronic components, sensors, transducers and related power and circuit-protection devices.
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