Allianz Asset Management GmbH increased its stake in shares of Vishay Intertechnology (NYSE:VSH) by 13.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,916,906 shares of the semiconductor company’s stock after acquiring an additional 222,588 shares during the period. Allianz Asset Management GmbH owned about 1.33% of Vishay Intertechnology worth $39,009,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new position in Vishay Intertechnology during the second quarter worth approximately $174,000. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in Vishay Intertechnology during the third quarter worth approximately $201,000. Robeco Institutional Asset Management B.V. purchased a new position in Vishay Intertechnology during the second quarter worth approximately $240,000. Palouse Capital Management Inc. purchased a new position in Vishay Intertechnology during the third quarter worth approximately $215,000. Finally, Strs Ohio boosted its position in Vishay Intertechnology by 94.8% during the second quarter. Strs Ohio now owns 11,300 shares of the semiconductor company’s stock worth $262,000 after purchasing an additional 5,500 shares in the last quarter. 97.32% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on VSH. Zacks Investment Research upgraded Vishay Intertechnology from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Friday. ValuEngine upgraded Vishay Intertechnology from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 27th. Citigroup increased their price target on Vishay Intertechnology from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $24.00 price target on shares of Vishay Intertechnology in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $25.00.
NYSE VSH opened at $20.85 on Monday. The company has a market capitalization of $3.00 billion, a PE ratio of 14.58, a PEG ratio of 1.11 and a beta of 1.33. Vishay Intertechnology has a 1-year low of $16.87 and a 1-year high of $26.50. The company has a current ratio of 3.71, a quick ratio of 2.82 and a debt-to-equity ratio of 0.46.
Vishay Intertechnology (NYSE:VSH) last released its earnings results on Tuesday, October 30th. The semiconductor company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.07. The business had revenue of $780.97 million for the quarter, compared to the consensus estimate of $779.78 million. Vishay Intertechnology had a return on equity of 20.82% and a net margin of 2.24%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 earnings per share. On average, research analysts predict that Vishay Intertechnology will post 2.05 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Thursday, December 6th will be given a $0.085 dividend. The ex-dividend date is Wednesday, December 5th. This represents a $0.34 annualized dividend and a dividend yield of 1.63%. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 23.78%.
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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