Goldman Sachs Group Inc. increased its position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 48.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,491,893 shares of the semiconductor company’s stock after purchasing an additional 808,504 shares during the quarter. Goldman Sachs Group Inc. owned 1.70% of Vishay Intertechnology worth $41,366,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of VSH. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Vishay Intertechnology by 83.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,200 shares of the semiconductor company’s stock worth $102,000 after buying an additional 2,827 shares in the last quarter. Riverhead Capital Management LLC increased its position in Vishay Intertechnology by 65.1% during the second quarter. Riverhead Capital Management LLC now owns 8,090 shares of the semiconductor company’s stock worth $134,000 after buying an additional 3,190 shares in the last quarter. US Bancorp DE increased its position in Vishay Intertechnology by 0.5% during 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 in the last quarter. LS Investment Advisors LLC grew its position in shares of Vishay Intertechnology by 17.9% in the second quarter. LS Investment Advisors LLC now owns 10,513 shares of the semiconductor company’s stock valued at $175,000 after purchasing an additional 1,595 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Vishay Intertechnology in the second quarter valued at $201,000.
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A number of brokerages have recently commented on VSH. BidaskClub downgraded Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $17.00 price objective on shares of Vishay Intertechnology in a research report on Friday, July 14th. Finally, Zacks Investment Research upgraded Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a report on Friday, July 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $19.50.
Shares of Vishay Intertechnology, Inc. (VSH) traded down 0.1304% on Wednesday, hitting $21.2223. The company’s stock had a trading volume of 109,305 shares. The stock’s 50 day moving average price is $18.63 and its 200 day moving average price is $17.24. Vishay Intertechnology, Inc. has a 52 week low of $13.70 and a 52 week high of $21.41. The stock has a market capitalization of $3.10 billion, a P/E ratio of 40.2700 and a beta of 1.24.
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, beating the Zacks’ consensus estimate of $0.34 by $0.02. The firm had revenue of $644.89 million during 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 quarter in the previous year, the firm posted $0.23 EPS. On average, analysts forecast that Vishay Intertechnology, Inc. will post $1.35 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Friday, September 15th were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Thursday, September 14th. Vishay Intertechnology’s dividend payout ratio is currently 49.02%.
Vishay Intertechnology announced that its board has initiated a share buyback plan on Wednesday, August 2nd that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the semiconductor company to buy up to 5.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
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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