Prudential Financial Inc. raised its stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 3.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,565,888 shares of the semiconductor company’s stock after buying an additional 51,250 shares during the period. Prudential Financial Inc. owned about 1.07% of Vishay Intertechnology worth $29,438,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in VSH. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Vishay Intertechnology by 9.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,800 shares of the semiconductor company’s stock worth $113,000 after purchasing an additional 600 shares in the last quarter. Riverhead Capital Management LLC increased its stake in shares of Vishay Intertechnology by 65.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 8,090 shares of the semiconductor company’s stock worth $134,000 after purchasing an additional 3,190 shares in the last quarter. Shelton Capital Management purchased a new stake in shares of Vishay Intertechnology in the 2nd quarter worth $169,000. LS Investment Advisors LLC increased its stake in shares of Vishay Intertechnology by 17.9% in the 2nd quarter. LS Investment Advisors LLC now owns 10,513 shares of the semiconductor company’s stock worth $175,000 after purchasing an additional 1,595 shares in the last quarter. Finally, Oakbrook Investments LLC purchased a new stake in shares of Vishay Intertechnology in the 3rd quarter worth $192,000.
In other news, Director Abraham Ludomirski sold 20,000 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $21.79, for a total transaction of $435,800.00. Following the sale, the director now directly owns 86,232 shares in the company, valued at approximately $1,878,995.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gerald Paul sold 50,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $21.37, for a total transaction of $1,068,500.00. Following the sale, the chief executive officer now owns 162,986 shares in the company, valued at $3,483,010.82. The disclosure for this sale can be found here. 7.91% of the stock is currently owned by corporate insiders.
Several equities research analysts have recently commented on the company. upped their price objective on Vishay Intertechnology from $18.00 to $20.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. Citigroup Inc. upped their target price on shares of Vishay Intertechnology from $16.00 to $19.00 and gave the stock a “sell” rating in a report on Friday, October 27th. raised shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $22.00 target price for the company in a report on Thursday, October 5th. Finally, raised shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $20.33.
Vishay Intertechnology, Inc. (VSH) opened at $21.25 on Wednesday. Vishay Intertechnology, Inc. has a 1-year low of $14.70 and a 1-year high of $22.55. The company has a market cap of $3,131.16, a PE ratio of 17.18, a price-to-earnings-growth ratio of 0.74 and a beta of 1.19. The company has a current ratio of 4.33, a quick ratio of 3.44 and a debt-to-equity ratio of 0.38.
Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.37 by $0.05. Vishay Intertechnology had a net margin of 4.34% and a return on equity of 11.77%. The business had revenue of $677.90 million during the quarter, compared to the consensus estimate of $660.32 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The business’s revenue was up 14.5% on a year-over-year basis. equities research analysts forecast that Vishay Intertechnology, Inc. will post 1.4 earnings per share for the current fiscal year.
Vishay Intertechnology announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 2nd that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the semiconductor company to repurchase up to 5.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.
About Vishay Intertechnology
Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five product segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors and Capacitors. MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs.
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