Deroy & Devereaux Private Investment Counsel Inc. Has $2.20 Million Position in Vishay Intertechnology, Inc. (VSH)

Deroy & Devereaux Private Investment Counsel Inc. lowered its position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 1.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 132,750 shares of the semiconductor company’s stock after selling 1,300 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. owned about 0.09% of Vishay Intertechnology worth $2,204,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in VSH. BlackRock Inc. boosted its stake in shares of Vishay Intertechnology by 16,353.4% in the first quarter. BlackRock Inc. now owns 14,187,434 shares of the semiconductor company’s stock worth $233,383,000 after buying an additional 14,101,206 shares during the period. DnB Asset Management AS raised its position in Vishay Intertechnology by 30.2% in the second quarter. DnB Asset Management AS now owns 3,761,245 shares of the semiconductor company’s stock worth $62,437,000 after buying an additional 872,816 shares in the last quarter. Thrivent Financial For Lutherans raised its position in Vishay Intertechnology by 3,733.3% in the first quarter. Thrivent Financial For Lutherans now owns 878,220 shares of the semiconductor company’s stock worth $14,446,000 after buying an additional 855,310 shares in the last quarter. Schroder Investment Management Group raised its position in Vishay Intertechnology by 13.1% in the first quarter. Schroder Investment Management Group now owns 5,742,412 shares of the semiconductor company’s stock worth $95,611,000 after buying an additional 666,365 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Vishay Intertechnology by 5.7% in the first quarter. Vanguard Group Inc. now owns 11,189,840 shares of the semiconductor company’s stock worth $184,073,000 after buying an additional 604,683 shares in the last quarter.

Vishay Intertechnology, Inc. (NYSE VSH) opened at 17.20 on Friday. Vishay Intertechnology, Inc. has a 52 week low of $13.37 and a 52 week high of $18.55. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 32.64 and a beta of 1.22. The stock’s 50 day moving average price is $17.34 and its 200 day moving average price is $16.59.

Vishay Intertechnology (NYSE:VSH) last released its earnings results on Thursday, August 3rd. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.02. Vishay Intertechnology had a net margin of 3.34% and a return on equity of 9.89%. The firm had revenue of $644.89 million during the quarter, compared to analyst estimates of $643.19 million. During the same period last year, the business earned $0.23 earnings per share. The business’s revenue was up 9.3% on a year-over-year basis. On average, equities research analysts predict that Vishay Intertechnology, Inc. will post $1.34 EPS for the current year.

Vishay Intertechnology announced that its Board of Directors has authorized a stock buyback plan on Wednesday, August 2nd that permits the company to buyback $150.00 million in shares. This buyback authorization permits the semiconductor company to reacquire up to 5.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

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A number of equities analysts have commented on VSH shares. 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. BidaskClub raised Vishay Intertechnology from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. ValuEngine raised Vishay Intertechnology from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $17.00 price target on shares of Vishay Intertechnology in a research note on Friday, July 14th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Vishay Intertechnology currently has an average rating of “Buy” and an average 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.

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

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