Vishay Intertechnology, Inc. (NYSE:VSH) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of Vishay Intertechnology, Inc. (NYSE:VSHGet Rating) by 80.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,206 shares of the semiconductor company’s stock after selling 13,026 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Vishay Intertechnology were worth $57,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in VSH. Vanguard Group Inc. boosted its holdings in shares of Vishay Intertechnology by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 13,191,954 shares of the semiconductor company’s stock valued at $258,562,000 after buying an additional 191,736 shares during the period. Mountaineer Partners Management LLC boosted its holdings in shares of Vishay Intertechnology by 78.0% in the 1st quarter. Mountaineer Partners Management LLC now owns 2,146,222 shares of the semiconductor company’s stock valued at $42,066,000 after buying an additional 940,400 shares during the period. Wasatch Advisors Inc. boosted its holdings in shares of Vishay Intertechnology by 1.1% in the 1st quarter. Wasatch Advisors Inc. now owns 1,400,777 shares of the semiconductor company’s stock valued at $27,455,000 after buying an additional 15,120 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Vishay Intertechnology by 9.0% in the 1st quarter. Mackenzie Financial Corp now owns 1,355,376 shares of the semiconductor company’s stock valued at $26,565,000 after buying an additional 112,426 shares during the period. Finally, Pinnacle Associates Ltd. boosted its holdings in shares of Vishay Intertechnology by 0.5% in the 2nd quarter. Pinnacle Associates Ltd. now owns 1,307,317 shares of the semiconductor company’s stock valued at $23,296,000 after buying an additional 6,848 shares during the period. 85.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. StockNews.com raised shares of Vishay Intertechnology from a “buy” rating to a “strong-buy” rating in a report on Friday, November 4th. Stifel Nicolaus cut their price objective on shares of Vishay Intertechnology from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, October 10th. Finally, Cowen lifted their price objective on shares of Vishay Intertechnology to $21.00 in a research report on Tuesday, August 9th.

Vishay Intertechnology Trading Down 0.1 %

Shares of NYSE:VSH opened at $22.64 on Friday. The company has a market cap of $3.21 billion, a PE ratio of 8.32 and a beta of 1.31. The company’s 50-day moving average price is $20.11 and its 200 day moving average price is $19.70. Vishay Intertechnology, Inc. has a fifty-two week low of $16.73 and a fifty-two week high of $22.98. The company has a quick ratio of 2.08, a current ratio of 2.94 and a debt-to-equity ratio of 0.24.

Vishay Intertechnology (NYSE:VSHGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The semiconductor company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.17. Vishay Intertechnology had a net margin of 11.26% and a return on equity of 24.39%. The company had revenue of $924.80 million for the quarter, compared to the consensus estimate of $925.10 million. During the same period in the previous year, the firm earned $0.63 EPS. Vishay Intertechnology’s revenue was up 13.7% on a year-over-year basis. Sell-side analysts anticipate that Vishay Intertechnology, Inc. will post 3.24 earnings per share for the current year.

Vishay Intertechnology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.77%. Vishay Intertechnology’s dividend payout ratio (DPR) is 14.71%.

Insiders Place Their Bets

In other news, Director Raanan Zilberman sold 27,299 shares of Vishay Intertechnology stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $21.08, for a total value of $575,462.92. Following the transaction, the director now owns 24,671 shares of the company’s stock, valued at approximately $520,064.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.03% of the stock is owned by insiders.

Vishay Intertechnology Company Profile

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Vishay Intertechnology, Inc manufactures and supplies discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. It operates through six segments: Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors.

Further Reading

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

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