Russell Investments Group Ltd. Trims Holdings in Vishay Intertechnology, Inc. (VSH)
Russell Investments Group Ltd. lowered its position in Vishay Intertechnology, Inc. (NYSE:VSH) by 27.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 343,270 shares of the semiconductor company’s stock after selling 130,732 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.23% of Vishay Intertechnology worth $6,453,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of VSH. Aperio Group LLC raised its stake in shares of Vishay Intertechnology by 9.1% during the second quarter. Aperio Group LLC now owns 48,270 shares of the semiconductor company’s stock worth $801,000 after purchasing an additional 4,037 shares during the last quarter. Texas Permanent School Fund raised its stake in shares of Vishay Intertechnology by 0.9% during the second quarter. Texas Permanent School Fund now owns 97,868 shares of the semiconductor company’s stock worth $1,625,000 after purchasing an additional 889 shares during the last quarter. Sei Investments Co. raised its stake in shares of Vishay Intertechnology by 28.5% during the second quarter. Sei Investments Co. now owns 133,279 shares of the semiconductor company’s stock worth $2,213,000 after purchasing an additional 29,569 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Vishay Intertechnology by 68.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,191,654 shares of the semiconductor company’s stock worth $19,782,000 after purchasing an additional 484,220 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Vishay Intertechnology by 1.4% during the second quarter. Arizona State Retirement System now owns 56,500 shares of the semiconductor company’s stock worth $938,000 after purchasing an additional 800 shares during the last quarter.
In related news, Director Abraham Ludomirski sold 20,000 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $21.79, for a total transaction of $435,800.00. Following the transaction, the director now owns 86,232 shares of the company’s stock, valued at $1,878,995.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gerald Paul sold 50,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $21.37, for a total value of $1,068,500.00. Following the transaction, the chief executive officer now directly owns 162,986 shares in the company, valued at approximately $3,483,010.82. The disclosure for this sale can be found here. Corporate insiders own 7.91% of the company’s stock.
Several equities research analysts have recently commented on VSH shares. Zacks Investment Research upgraded Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $22.00 price target for the company in a research note on Thursday, October 5th. Stifel Nicolaus restated a “hold” rating and set a $17.00 price target on shares of Vishay Intertechnology in a research note on Monday, August 14th. Citigroup upped their price target on Vishay Intertechnology from $16.00 to $19.00 and gave the stock a “sell” rating in a research note on Friday, October 27th. Finally, BidaskClub cut Vishay Intertechnology from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Vishay Intertechnology currently has an average rating of “Hold” and a consensus price target of $20.33.
Vishay Intertechnology, Inc. (NYSE:VSH) traded up $0.10 during trading on Friday, hitting $21.25. The stock had a trading volume of 1,025,946 shares, compared to its average volume of 1,545,569. Vishay Intertechnology, Inc. has a twelve month low of $15.35 and a twelve month high of $23.45. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.33 and a quick ratio of 3.44. The stock has a market capitalization of $3,123.81, a PE ratio of 17.14, a PEG ratio of 0.73 and a beta of 1.19.
Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.05. Vishay Intertechnology had a return on equity of 11.77% and a net margin of 4.34%. The business had revenue of $677.90 million during the quarter, compared to analysts’ expectations of $660.32 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. sell-side analysts expect that Vishay Intertechnology, Inc. will post 1.41 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be issued a dividend of $0.0675 per share. This represents a $0.27 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, December 6th. This is a positive change from Vishay Intertechnology’s previous quarterly dividend of $0.06. Vishay Intertechnology’s dividend payout ratio is currently 39.71%.
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Vishay Intertechnology 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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