Vishay Intertechnology (VSH) Stake Lowered by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. lessened its position in Vishay Intertechnology (NYSE:VSH) by 14.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 821,623 shares of the semiconductor company’s stock after selling 135,733 shares during the quarter. Pinnacle Associates Ltd. owned approximately 0.57% of Vishay Intertechnology worth $16,720,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in shares of Vishay Intertechnology by 402.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 11,438 shares of the semiconductor company’s stock valued at $265,000 after buying an additional 9,163 shares during the period. GSA Capital Partners LLP increased its holdings in Vishay Intertechnology by 283.4% during the 2nd quarter. GSA Capital Partners LLP now owns 95,527 shares of the semiconductor company’s stock worth $2,216,000 after purchasing an additional 70,612 shares during the period. Strs Ohio increased its holdings in Vishay Intertechnology by 94.8% during the 2nd quarter. Strs Ohio now owns 11,300 shares of the semiconductor company’s stock worth $262,000 after purchasing an additional 5,500 shares during the period. Mutual of America Capital Management LLC increased its holdings in Vishay Intertechnology by 2.8% during the 2nd quarter. Mutual of America Capital Management LLC now owns 117,599 shares of the semiconductor company’s stock worth $2,728,000 after purchasing an additional 3,167 shares during the period. Finally, Vident Investment Advisory LLC increased its holdings in Vishay Intertechnology by 4.4% during the 2nd quarter. Vident Investment Advisory LLC now owns 176,882 shares of the semiconductor company’s stock worth $4,103,000 after purchasing an additional 7,526 shares during the period. Hedge funds and other institutional investors own 97.32% of the company’s stock.

In other news, Director Thomas C. Wertheimer sold 10,000 shares of the stock in a transaction dated Wednesday, September 12th. The stock was 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 7.91% of the company’s stock.

Several brokerages have weighed in on VSH. Stifel Nicolaus restated a “hold” rating and set a $24.00 price target on shares of Vishay Intertechnology in a report on Wednesday, August 8th. Zacks Investment Research downgraded Vishay Intertechnology from a “strong-buy” rating to a “hold” rating and set a $22.00 price target on the stock. in a report on Saturday, October 13th. ValuEngine downgraded Vishay Intertechnology from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Finally, Citigroup upped their price target on Vishay Intertechnology from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Vishay Intertechnology presently has an average rating of “Hold” and an average price target of $25.00.

Shares of NYSE VSH opened at $19.42 on Friday. 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 has a 1-year low of $16.87 and a 1-year high of $26.50. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 10.06, a P/E/G ratio of 1.02 and a beta of 1.33.

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 return on equity of 20.82% and a net margin of 2.24%. 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 business earned $0.42 EPS. Vishay Intertechnology’s revenue was up 15.2% on a year-over-year basis. On average, research analysts expect that Vishay Intertechnology will post 2.05 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Thursday, December 6th will be issued a $0.085 dividend. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.75%. Vishay Intertechnology’s payout ratio is currently 23.78%.

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Vishay Intertechnology Profile

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

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