Texas Permanent School Fund Lowers Holdings in Vishay Intertechnology, Inc. (NYSE:VSH)

Texas Permanent School Fund cut its position in Vishay Intertechnology, Inc. (NYSE:VSH – Get Rating) by 7.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,107 shares of the semiconductor company’s stock after selling 6,876 shares during the quarter. Texas Permanent School Fund owned about 0.06% of Vishay Intertechnology worth $1,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its position in shares of Vishay Intertechnology by 1.4% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 38,173 shares of the semiconductor company’s stock valued at $679,000 after buying an additional 520 shares in the last quarter. Somerset Trust Co raised its position in shares of Vishay Intertechnology by 4.5% during the 4th quarter. Somerset Trust Co now owns 12,262 shares of the semiconductor company’s stock valued at $264,000 after buying an additional 533 shares in the last quarter. Kovack Advisors Inc. raised its position in shares of Vishay Intertechnology by 0.9% during the 3rd quarter. Kovack Advisors Inc. now owns 69,651 shares of the semiconductor company’s stock valued at $1,239,000 after buying an additional 600 shares in the last quarter. Los Angeles Capital Management LLC raised its position in shares of Vishay Intertechnology by 2.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 25,255 shares of the semiconductor company’s stock valued at $545,000 after buying an additional 600 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Vishay Intertechnology by 1.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 48,617 shares of the semiconductor company’s stock valued at $866,000 after buying an additional 659 shares in the last quarter. 84.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a research report on Thursday.

Vishay Intertechnology Price Performance

Shares of NYSE:VSH opened at $24.39 on Friday. The stock has a market cap of $3.43 billion, a PE ratio of 8.18 and a beta of 1.30. The company’s fifty day moving average is $21.63 and its 200 day moving average is $21.84. Vishay Intertechnology, Inc. has a 52 week low of $16.73 and a 52 week high of $24.86. The company has a quick ratio of 2.07, a current ratio of 2.92 and a debt-to-equity ratio of 0.24.

Vishay Intertechnology (NYSE:VSH – Get Rating) last issued its earnings results on Wednesday, May 10th. The semiconductor company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.22. The company had revenue of $871.05 million for the quarter, compared to analysts’ expectations of $848.05 million. Vishay Intertechnology had a net margin of 12.26% and a return on equity of 23.89%. During the same quarter last year, the company earned $0.71 EPS. Research analysts anticipate that Vishay Intertechnology, Inc. will post 2.02 earnings per share for the current year.

Vishay Intertechnology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 30th. Shareholders of record on Friday, March 17th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Thursday, March 16th. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 13.42%.

Insiders Place Their Bets

In other Vishay Intertechnology news, Chairman Marc Zandman sold 23,834 shares of the firm’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $21.06, for a total value of $501,944.04. Following the sale, the chairman now owns 35,552 shares of the company’s stock, valued at approximately $748,725.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.03% of the company’s stock.

Vishay Intertechnology Company Profile

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Vishay Intertechnology, Inc engages in the manufacture and distribution of discrete semiconductors and passive components. It operates through the following segments: MOSFET (metal oxide semiconductor field-effect transistor), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors. The MOSFET segment offers semiconductors which function as solid state switches to control power.