Principal Financial Group Inc. boosted its position in Vishay Intertechnology Inc. (NYSE:VSH) by 357.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,089,931 shares of the company’s stock after buying an additional 1,633,484 shares during the period. Principal Financial Group Inc. owned 1.42% of Vishay Intertechnology worth $25,895,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in VSH. LS Investment Advisors LLC raised its stake in shares of Vishay Intertechnology by 69.0% in the second quarter. LS Investment Advisors LLC now owns 8,114 shares of the company’s stock worth $101,000 after buying an additional 3,312 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of Vishay Intertechnology during the second quarter worth $129,000. Envestnet Asset Management Inc. raised its stake in shares of Vishay Intertechnology by 39.3% in the first quarter. Envestnet Asset Management Inc. now owns 11,001 shares of the company’s stock worth $134,000 after buying an additional 3,105 shares during the last quarter. Pacad Investment Ltd. bought a new stake in shares of Vishay Intertechnology during the first quarter worth $160,000. Finally, Invictus RG bought a new stake in shares of Vishay Intertechnology during the first quarter worth $160,000.
Vishay Intertechnology Inc. (NYSE:VSH) remained flat at $14.08 during midday trading on Wednesday. The stock had a trading volume of 239,802 shares. Vishay Intertechnology Inc. has a one year low of $9.37 and a one year high of $14.28. The firm has a 50 day moving average of $13.92 and a 200 day moving average of $12.87. The stock’s market cap is $2.07 billion.
Vishay Intertechnology (NYSE:VSH) last released its quarterly 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 company had revenue of $590 million for the quarter, compared to the consensus estimate of $586.45 million. Vishay Intertechnology had a negative net margin of 4.58% and a positive return on equity of 6.55%. Vishay Intertechnology’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Equities analysts expect that Vishay Intertechnology Inc. will post $0.88 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 15th will be paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Tuesday, September 13th. Vishay Intertechnology’s payout ratio is -35.21%.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a research note on Thursday, August 4th. Argus reaffirmed a “buy” rating on shares of Vishay Intertechnology in a research note 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.
Receive News & Ratings for Vishay Intertechnology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vishay Intertechnology Inc. and related companies with MarketBeat.com's FREE daily email newsletter.