Stevens Capital Management LP acquired a new stake in shares of Vishay Intertechnology (NYSE:VSH) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 166,270 shares of the semiconductor company’s stock, valued at approximately $3,384,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Vishay Intertechnology by 3.8% during the third quarter. BlackRock Inc. now owns 16,341,405 shares of the semiconductor company’s stock valued at $332,546,000 after acquiring an additional 598,503 shares in the last quarter. DNB Asset Management AS increased its holdings in shares of Vishay Intertechnology by 19.2% during the third quarter. DNB Asset Management AS now owns 4,953,569 shares of the semiconductor company’s stock valued at $100,805,000 after acquiring an additional 797,238 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Vishay Intertechnology by 0.5% during the second quarter. Northern Trust Corp now owns 2,470,879 shares of the semiconductor company’s stock valued at $57,325,000 after acquiring an additional 12,035 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Vishay Intertechnology by 27.8% during the second quarter. Millennium Management LLC now owns 2,415,665 shares of the semiconductor company’s stock valued at $56,043,000 after acquiring an additional 525,023 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Vishay Intertechnology by 7.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,290,668 shares of the semiconductor company’s stock valued at $29,944,000 after acquiring an additional 85,276 shares in the last quarter. Hedge funds and other institutional investors own 97.32% of the company’s stock.
In related news, Director Thomas C. Wertheimer sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $20.88, for a total value of $208,800.00. Following the transaction, the director now owns 51,137 shares in the company, valued at approximately $1,067,740.56. The sale was disclosed in a filing with the SEC, which is available through this link. 7.91% of the stock is currently owned by corporate insiders.
Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings results on Tuesday, October 30th. The semiconductor company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.07. Vishay Intertechnology had a net margin of 2.24% and a return on equity of 20.82%. The company had revenue of $780.97 million for the quarter, compared to the consensus estimate of $779.78 million. During the same quarter in the prior year, the company earned $0.42 EPS. Vishay Intertechnology’s quarterly revenue was up 15.2% on a year-over-year basis. On average, analysts forecast that Vishay Intertechnology will post 2.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Thursday, December 6th will be issued a $0.085 dividend. The ex-dividend date is Wednesday, December 5th. This represents a $0.34 annualized dividend and a yield of 1.63%. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 23.78%.
Several research firms have recently issued reports on VSH. Zacks Investment Research upgraded shares of Vishay Intertechnology from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Friday. ValuEngine downgraded shares of Vishay Intertechnology from a “sell” rating to a “strong sell” rating in a report on Monday, October 8th. Stifel Nicolaus reiterated a “hold” rating and issued a $24.00 price target on shares of Vishay Intertechnology in a report on Wednesday, August 8th. Finally, Citigroup increased their price target on shares of Vishay Intertechnology from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $25.00.
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About Vishay Intertechnology
Vishay Intertechnology, Inc manufactures and supplies discrete semiconductors and passive components in the United States, Europe, and Asia. The Metal Oxide Semiconductor Field Effect Transistors (MOSFETs) segment offers low- and medium-voltage TrenchFET MOSFETs, high-voltage planar MOSFETs, high voltage super junction MOSFETs, power integrated circuits, and integrated function power devices.
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