Mondrian Investment Partners LTD lowered its position in shares of Vishay Intertechnology (NYSE:VSH) by 9.2% in the 4th quarter, Holdings Channel reports. The fund owned 202,903 shares of the semiconductor company’s stock after selling 20,485 shares during the period. Mondrian Investment Partners LTD’s holdings in Vishay Intertechnology were worth $4,210,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in VSH. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Vishay Intertechnology by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,800 shares of the semiconductor company’s stock worth $113,000 after acquiring an additional 600 shares during the last quarter. Riverhead Capital Management LLC grew its position in shares of Vishay Intertechnology by 65.1% during the second quarter. Riverhead Capital Management LLC now owns 8,090 shares of the semiconductor company’s stock worth $134,000 after acquiring an additional 3,190 shares during the last quarter. Shelton Capital Management bought a new position in shares of Vishay Intertechnology during the second quarter worth about $169,000. Oakbrook Investments LLC bought a new position in shares of Vishay Intertechnology during the third quarter worth about $192,000. Finally, Bayesian Capital Management LP bought a new position in shares of Vishay Intertechnology during the second quarter worth about $212,000.
Several research firms have recently commented on VSH. Citigroup upped their price target on shares of Vishay Intertechnology from $16.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday, October 27th. Stifel Nicolaus upped their price target on shares of Vishay Intertechnology from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research lowered shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Thursday, December 28th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $20.33.
Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.37 by $0.05. The business had revenue of $677.90 million during the quarter, compared to analyst estimates of $660.32 million. Vishay Intertechnology had a net margin of 4.34% and a return on equity of 11.77%. The company’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 earnings per share. research analysts expect that Vishay Intertechnology will post 1.41 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Thursday, December 7th were given a $0.0675 dividend. This represents a $0.27 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Wednesday, December 6th. This is a positive change from Vishay Intertechnology’s previous quarterly dividend of $0.06. Vishay Intertechnology’s dividend payout ratio is currently 39.71%.
In related news, CEO Gerald Paul sold 50,000 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $21.37, for a total value of $1,068,500.00. Following the completion of the transaction, the chief executive officer now owns 162,986 shares in the company, valued at approximately $3,483,010.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Abraham Ludomirski sold 20,000 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $21.79, for a total transaction of $435,800.00. Following the completion of the transaction, the director now owns 86,232 shares of the company’s stock, valued at approximately $1,878,995.28. The disclosure for this sale can be found here. Corporate insiders own 7.91% of the company’s stock.
Vishay Intertechnology 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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