Bank of Montreal Can Lowers Position in Vishay Intertechnology (NYSE:VSH)

Bank of Montreal Can lessened its holdings in Vishay Intertechnology (NYSE:VSH) by 9.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 193,191 shares of the semiconductor company’s stock after selling 20,143 shares during the period. Bank of Montreal Can owned 0.13% of Vishay Intertechnology worth $3,192,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Texas Permanent School Fund raised its position in shares of Vishay Intertechnology by 3.8% in the first quarter. Texas Permanent School Fund now owns 89,776 shares of the semiconductor company’s stock worth $1,658,000 after buying an additional 3,320 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of Vishay Intertechnology by 45.0% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 139,600 shares of the semiconductor company’s stock worth $2,306,000 after buying an additional 43,300 shares in the last quarter. Mason Street Advisors LLC raised its position in shares of Vishay Intertechnology by 1.6% in the first quarter. Mason Street Advisors LLC now owns 70,312 shares of the semiconductor company’s stock worth $1,299,000 after buying an additional 1,108 shares in the last quarter. Citigroup Inc. raised its position in shares of Vishay Intertechnology by 93.8% in the first quarter. Citigroup Inc. now owns 138,128 shares of the semiconductor company’s stock worth $2,551,000 after buying an additional 66,862 shares in the last quarter. Finally, BBT Capital Management LLC purchased a new stake in shares of Vishay Intertechnology in the first quarter worth $283,000. Institutional investors own 87.00% of the company’s stock.

NYSE VSH opened at $17.79 on Friday. The stock’s 50-day simple moving average is $16.15 and its two-hundred day simple moving average is $17.59. Vishay Intertechnology has a twelve month low of $14.36 and a twelve month high of $22.94. The company has a quick ratio of 2.51, a current ratio of 3.41 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 8.39 and a beta of 1.53.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. Vishay Intertechnology had a return on equity of 21.03% and a net margin of 10.05%. The business had revenue of $685.20 million for the quarter, compared to the consensus estimate of $685.76 million. During the same quarter last year, the business posted $0.54 earnings per share. The company’s revenue for the quarter was down 10.0% on a year-over-year basis. On average, equities analysts expect that Vishay Intertechnology will post 1.29 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be given a dividend of $0.095 per share. The ex-dividend date is Wednesday, September 11th. This represents a $0.38 dividend on an annualized basis and a yield of 2.14%. Vishay Intertechnology’s payout ratio is 17.92%.

VSH has been the topic of a number of recent analyst reports. Exane BNP Paribas upgraded Vishay Intertechnology from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 29th. BNP Paribas upgraded Vishay Intertechnology from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 29th. Cowen started coverage on Vishay Intertechnology in a research report on Tuesday, May 21st. They set a “market perform” rating and a $17.00 price target on the stock. ValuEngine upgraded Vishay Intertechnology from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research downgraded Vishay Intertechnology from a “hold” rating to a “sell” rating and set a $17.00 price target on the stock. in a research report on Saturday, July 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $19.00.

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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