James Investment Research Inc. acquired a new stake in Vishay Intertechnology, Inc. (NYSE:VSH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,925 shares of the semiconductor company’s stock, valued at approximately $264,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its position in shares of Vishay Intertechnology by 19.1% in the first quarter. Russell Investments Group Ltd. now owns 387,162 shares of the semiconductor company’s stock worth $6,369,000 after buying an additional 62,031 shares during the last quarter. Sawgrass Asset Management LLC purchased a new position in shares of Vishay Intertechnology during the first quarter worth approximately $426,000. Glen Harbor Capital Management LLC raised its position in shares of Vishay Intertechnology by 7.4% in the first quarter. Glen Harbor Capital Management LLC now owns 6,050 shares of the semiconductor company’s stock worth $100,000 after buying an additional 418 shares during the last quarter. Meritage Portfolio Management purchased a new position in shares of Vishay Intertechnology during the first quarter worth approximately $2,806,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Vishay Intertechnology during the first quarter worth approximately $3,405,000.
Vishay Intertechnology, Inc. (VSH) opened at 17.20 on Friday. The company has a market cap of $2.52 billion, a PE ratio of 32.64 and a beta of 1.22. The company’s 50-day moving average price is $17.34 and its 200-day moving average price is $16.59. Vishay Intertechnology, Inc. has a 12-month low of $13.37 and a 12-month high of $18.55.
Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.02. The business had revenue of $644.89 million during the quarter, compared to analyst estimates of $643.19 million. Vishay Intertechnology had a net margin of 3.34% and a return on equity of 9.89%. The company’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share. Equities analysts anticipate that Vishay Intertechnology, Inc. will post $1.34 earnings per share for the current year.
Vishay Intertechnology declared that its board has authorized a share buyback program on Wednesday, August 2nd that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the semiconductor company to repurchase up to 5.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.
VSH has been the topic of a number of analyst reports. ValuEngine raised Vishay Intertechnology from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub raised Vishay Intertechnology from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised Vishay Intertechnology from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Friday, April 14th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $17.00 price objective on shares of Vishay Intertechnology in a research note on Friday, July 14th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $18.50.
Vishay Intertechnology Company 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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