Convergence Investment Partners LLC Decreases Position in Vishay Intertechnology, Inc. (NYSE:VSH)

Convergence Investment Partners LLC reduced its stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 238,913 shares of the semiconductor company’s stock after selling 1,305 shares during the period. Convergence Investment Partners LLC owned 0.16% of Vishay Intertechnology worth $3,966,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of VSH. US Bancorp DE increased its position in Vishay Intertechnology by 0.5% in the first quarter. US Bancorp DE now owns 8,759 shares of the semiconductor company’s stock valued at $144,000 after buying an additional 45 shares in the last quarter. Capstone Asset Management Co. increased its position in Vishay Intertechnology by 0.5% in the first quarter. Capstone Asset Management Co. now owns 17,708 shares of the semiconductor company’s stock valued at $291,000 after buying an additional 80 shares in the last quarter. Wedge Capital Management L L P NC increased its position in Vishay Intertechnology by 0.4% in the first quarter. Wedge Capital Management L L P NC now owns 30,510 shares of the semiconductor company’s stock valued at $502,000 after buying an additional 126 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Vishay Intertechnology by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 18,468 shares of the semiconductor company’s stock valued at $304,000 after buying an additional 219 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Vishay Intertechnology by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 12,657 shares of the semiconductor company’s stock valued at $208,000 after buying an additional 308 shares in the last quarter.

Vishay Intertechnology, Inc. (NYSE:VSH) opened at 17.20 on Friday. The company has a market capitalization of $2.52 billion, a P/E ratio of 32.64 and a beta of 1.22. Vishay Intertechnology, Inc. has a 52-week low of $13.37 and a 52-week high of $18.55. The firm has a 50-day moving average price of $17.34 and a 200 day moving average price of $16.59.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. Vishay Intertechnology had a return on equity of 9.89% and a net margin of 3.34%. The firm had revenue of $644.89 million during the quarter, compared to analysts’ expectations of $643.19 million. During the same period in the prior year, the business earned $0.23 EPS. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, analysts predict that Vishay Intertechnology, Inc. will post $1.34 earnings per share for the current fiscal year.

Vishay Intertechnology announced that its board has authorized a share repurchase plan on Wednesday, August 2nd that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the semiconductor company to buy up to 5.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

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Several research firms have commented on VSH. BidaskClub downgraded Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded Vishay Intertechnology from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Friday, April 14th. ValuEngine upgraded Vishay Intertechnology from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $17.00 target price on shares of Vishay Intertechnology in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Vishay Intertechnology has a consensus rating of “Buy” and an average price target of $18.50.

About Vishay Intertechnology

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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Institutional Ownership by Quarter for Vishay Intertechnology (NYSE:VSH)

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