Mason Street Advisors LLC purchased a new stake in Vishay Intertechnology Inc. (NYSE:VSH) during the second quarter, Holdings Channel reports. The firm purchased 61,822 shares of the company’s stock, valued at approximately $766,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. LS Investment Advisors LLC raised its position in Vishay Intertechnology by 69.0% in the second quarter. LS Investment Advisors LLC now owns 8,114 shares of the company’s stock valued at $101,000 after buying an additional 3,312 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in Vishay Intertechnology during the second quarter valued at approximately $129,000. Envestnet Asset Management Inc. raised its position in Vishay Intertechnology by 39.3% in the first quarter. Envestnet Asset Management Inc. now owns 11,001 shares of the company’s stock valued at $134,000 after buying an additional 3,105 shares in the last quarter. Invictus RG bought a new position in Vishay Intertechnology during the first quarter valued at approximately $160,000. Finally, Pacad Investment Ltd. bought a new position in Vishay Intertechnology during the first quarter valued at approximately $160,000.
Vishay Intertechnology Inc. (NYSE:VSH) opened at 13.90 on Friday. Vishay Intertechnology Inc. has a 12-month low of $9.37 and a 12-month high of $14.28. The stock’s market cap is $2.04 billion. The stock’s 50 day moving average price is $13.93 and its 200 day moving average price is $12.88.
Vishay Intertechnology (NYSE:VSH) last released its earnings results on Tuesday, August 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. The business had revenue of $590 million for the quarter, compared to analyst estimates of $586.45 million. Vishay Intertechnology had a positive return on equity of 6.55% and a negative net margin of 4.58%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 earnings per share. Analysts forecast that Vishay Intertechnology Inc. will post $0.88 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Thursday, September 15th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Tuesday, September 13th. Vishay Intertechnology’s dividend payout ratio is presently -35.21%.
Several research firms have recently commented on VSH. Zacks Investment Research upgraded Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $15.00 price target on the stock in a report on Thursday, August 4th. Argus reiterated a “buy” rating on shares of Vishay Intertechnology in a report on Wednesday, August 10th.
About Vishay Intertechnology
Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five segments. The MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs. The Diodes segment’s products include rectifiers, small signal diodes, protection diodes, thyristors/silicon-controlled rectifiers (SCRs) and power modules.
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