Teachers Advisors LLC boosted its position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 3.6% during the first quarter, Holdings Channel reports. The institutional investor owned 226,189 shares of the semiconductor company’s stock after buying an additional 7,828 shares during the period. Teachers Advisors LLC’s holdings in Vishay Intertechnology were worth $3,721,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in VSH. Glen Harbor Capital Management LLC raised its stake in shares of Vishay Intertechnology by 7.4% in the first quarter. Glen Harbor Capital Management LLC now owns 6,050 shares of the semiconductor company’s stock worth $100,000 after buying an additional 418 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Vishay Intertechnology by 83.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,200 shares of the semiconductor company’s stock worth $102,000 after buying an additional 2,827 shares in the last quarter. Elkfork Partners LLC raised its stake in shares of Vishay Intertechnology by 7.4% in the first quarter. Elkfork Partners LLC now owns 7,700 shares of the semiconductor company’s stock worth $127,000 after buying an additional 532 shares in the last quarter. US Bancorp DE raised its stake in shares of Vishay Intertechnology by 0.5% in the first quarter. US Bancorp DE now owns 8,759 shares of the semiconductor company’s stock worth $144,000 after buying an additional 45 shares in the last quarter. Finally, Meadow Creek Investment Management LLC raised its stake in shares of Vishay Intertechnology by 7.4% in the first quarter. Meadow Creek Investment Management LLC now owns 9,350 shares of the semiconductor company’s stock worth $154,000 after buying an additional 646 shares in the last quarter.
Shares of Vishay Intertechnology, Inc. (NYSE:VSH) opened at 17.55 on Thursday. Vishay Intertechnology, Inc. has a one year low of $13.37 and a one year high of $18.55. The company has a 50 day moving average of $17.29 and a 200-day moving average of $16.58. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 33.30 and a beta of 1.22.
Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. The company had revenue of $644.89 million during the quarter, compared to analysts’ expectations of $643.19 million. Vishay Intertechnology had a return on equity of 9.89% and a net margin of 3.34%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 EPS. On average, analysts anticipate that Vishay Intertechnology, Inc. will post $1.33 earnings per share for the current year.
Vishay Intertechnology announced that its board has approved a stock repurchase plan on Wednesday, August 2nd that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the semiconductor company to reacquire up to 5.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
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A number of brokerages recently issued reports on VSH. BidaskClub lowered shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Stifel Nicolaus reissued a “hold” rating and issued a $17.00 price objective on shares of Vishay Intertechnology in a report on Friday, July 14th. Zacks Investment Research raised shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective for the company in a report on Friday, July 14th. Finally, ValuEngine raised shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.50.
In other Vishay Intertechnology news, insider Gerald Paul sold 50,000 shares of Vishay Intertechnology stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $16.76, for a total value of $838,000.00. Following the completion of the sale, the insider now owns 212,986 shares in the company, valued at approximately $3,569,645.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.91% of the stock is owned by insiders.
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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