28,500 Vishay Intertechnology, Inc. $VSH Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. reduced its stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 8.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 291,600 shares of the semiconductor company’s stock after selling 28,500 shares during the period. Hennessy Advisors Inc.’s holdings in Vishay Intertechnology were worth $9,492,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new position in Vishay Intertechnology during the third quarter worth approximately $526,000. Profund Advisors LLC grew its stake in shares of Vishay Intertechnology by 10.4% during the 3rd quarter. Profund Advisors LLC now owns 6,391 shares of the semiconductor company’s stock valued at $208,000 after buying an additional 601 shares during the period. ProShare Advisors LLC grew its stake in shares of Vishay Intertechnology by 9.6% during the 3rd quarter. ProShare Advisors LLC now owns 19,278 shares of the semiconductor company’s stock valued at $627,000 after buying an additional 1,692 shares during the period. MGO One Seven LLC increased its holdings in shares of Vishay Intertechnology by 34.7% during the 3rd quarter. MGO One Seven LLC now owns 6,746 shares of the semiconductor company’s stock worth $220,000 after buying an additional 1,739 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of Vishay Intertechnology by 109.3% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 51,900 shares of the semiconductor company’s stock worth $1,689,000 after buying an additional 27,100 shares during the last quarter. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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 transaction, the director directly owned 31,937 shares of the company’s stock, valued at approximately $1,143,983.34. The trade was a 34.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.35% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VSH. Raymond James Financial started coverage on Vishay Intertechnology in a report on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 target price on the stock. Truist Financial initiated coverage on Vishay Intertechnology in a report on Thursday, September 3rd. They issued a “buy” rating and a $42.00 price objective on the stock. Weiss Ratings lowered Vishay Intertechnology from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 25th. Needham & Company LLC began coverage on Vishay Intertechnology in a research note on Tuesday, August 4th. They issued a “buy” rating and a $45.00 price objective on the stock. Finally, Wall Street Zen upgraded Vishay Intertechnology from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.67.

Vishay Intertechnology Price Performance

Shares of NYSE VSH opened at $26.74 on Monday. Vishay Intertechnology, Inc. has a 1-year low of $11.77 and a 1-year high of $69.47. The business has a 50-day moving average of $31.40 and a 200-day moving average of $31.99. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.80 and a quick ratio of 1.27. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 140.74, a PEG ratio of 3.15 and a beta of 1.90.

Vishay Intertechnology (NYSE:VSH) last announced its earnings results 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 business 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%. The company’s revenue was up 16.6% on a year-over-year basis. During the same period last year, the business posted ($0.07) EPS. On average, equities analysts anticipate that Vishay Intertechnology, Inc. will post 0.85 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, September 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.5%. Vishay Intertechnology’s dividend payout ratio (DPR) is currently 210.53%.

About Vishay Intertechnology

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.