HighPoint Advisor Group LLC Takes Position in Vishay Intertechnology (VSH)
HighPoint Advisor Group LLC bought a new position in Vishay Intertechnology (NYSE:VSH) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 27,405 shares of the semiconductor company’s stock, valued at approximately $618,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new position in shares of Vishay Intertechnology in the 2nd quarter worth approximately $124,000. Itau Unibanco Holding S.A. bought a new stake in shares of Vishay Intertechnology in the 2nd quarter worth approximately $174,000. Parametrica Management Ltd bought a new stake in shares of Vishay Intertechnology in the 2nd quarter worth approximately $205,000. Element Capital Management LLC bought a new stake in shares of Vishay Intertechnology in the 1st quarter worth approximately $215,000. Finally, Cambria Investment Management L.P. bought a new stake in shares of Vishay Intertechnology in the 1st quarter worth approximately $228,000. Institutional investors own 97.05% of the company’s stock.
Shares of NYSE VSH opened at $21.10 on Tuesday. The company has a market capitalization of $3.11 billion, a P/E ratio of 14.76, a P/E/G ratio of 1.18 and a beta of 1.23. Vishay Intertechnology has a 12-month low of $17.15 and a 12-month high of $26.50. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.02 and a current ratio of 3.89.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Friday, September 14th will be issued a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, September 13th. Vishay Intertechnology’s dividend payout ratio (DPR) is 23.78%.
Several analysts recently issued reports on the company. Stifel Nicolaus reissued a “hold” rating and issued a $24.00 price target on shares of Vishay Intertechnology in a report on Wednesday, August 8th. Citigroup raised their price target on Vishay Intertechnology from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. Finally, ValuEngine downgraded Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $25.50.
In related news, Director Thomas C. Wertheimer sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $20.88, for a total value of $208,800.00. Following the sale, the director now owns 51,137 shares of the company’s stock, valued at approximately $1,067,740.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 8.07% of the company’s stock.
About Vishay Intertechnology
Vishay Intertechnology, Inc manufactures and supplies discrete semiconductors and passive components in the United States, Europe, and Asia. The Metal Oxide Semiconductor Field Effect Transistors (MOSFETs) segment offers low- and medium-voltage TrenchFET MOSFETs, high-voltage planar MOSFETs, high voltage super junction MOSFETs, power integrated circuits, and integrated function power devices.
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