KBC Group NV lessened its stake in Vishay Intertechnology (NYSE:VSH) by 29.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,462 shares of the semiconductor company’s stock after selling 26,423 shares during the quarter. KBC Group NV’s holdings in Vishay Intertechnology were worth $1,032,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of VSH. DNB Asset Management AS raised its stake in Vishay Intertechnology by 28.1% in the second quarter. DNB Asset Management AS now owns 8,589,309 shares of the semiconductor company’s stock valued at $141,895,000 after buying an additional 1,883,626 shares during the period. First Trust Advisors LP increased its stake in shares of Vishay Intertechnology by 707.5% during the first quarter. First Trust Advisors LP now owns 906,431 shares of the semiconductor company’s stock worth $16,742,000 after purchasing an additional 794,173 shares during the period. Ontario Teachers Pension Plan Board bought a new position in shares of Vishay Intertechnology during the first quarter worth approximately $2,292,000. Cambiar Investors LLC bought a new position in shares of Vishay Intertechnology during the first quarter worth approximately $2,233,000. Finally, IndexIQ Advisors LLC bought a new position in shares of Vishay Intertechnology during the first quarter worth approximately $1,585,000. 87.00% of the stock is owned by institutional investors.
A number of equities analysts have commented on the company. Cowen assumed coverage on Vishay Intertechnology in a research note on Tuesday, May 21st. They set a “market perform” rating and a $17.00 price objective on the stock. Zacks Investment Research lowered Vishay Intertechnology from a “hold” rating to a “sell” rating and set a $17.00 price objective on the stock. in a research note on Saturday, July 13th. Exane BNP Paribas raised Vishay Intertechnology from a “neutral” rating to an “outperform” rating in a report on Thursday, August 29th. BNP Paribas raised Vishay Intertechnology from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 29th. Finally, ValuEngine upgraded Vishay Intertechnology from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. One 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. Vishay Intertechnology presently has an average rating of “Hold” and an average target price of $19.00.
Shares of VSH stock traded up $0.15 on Friday, hitting $17.94. 7,842 shares of the stock traded hands, compared to its average volume of 811,938. Vishay Intertechnology has a 52 week low of $14.36 and a 52 week high of $22.94. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 8.49 and a beta of 1.53. The firm has a 50 day simple moving average of $16.15 and a two-hundred day simple moving average of $17.59. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.41 and a quick ratio of 2.51.
Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $685.20 million during the quarter, compared to the consensus estimate of $685.76 million. Vishay Intertechnology had a net margin of 10.05% and a return on equity of 21.03%. The firm’s quarterly revenue was down 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Sell-side analysts forecast that Vishay Intertechnology will post 1.29 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be given a $0.095 dividend. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $0.38 annualized dividend and a dividend yield of 2.12%. Vishay Intertechnology’s dividend payout ratio is presently 17.92%.
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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