Arizona State Retirement System Lowers Stock Holdings in Vishay Intertechnology, Inc. (NYSE:VSH)

Arizona State Retirement System decreased its position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,487 shares of the semiconductor company’s stock after selling 840 shares during the period. Arizona State Retirement System’s holdings in Vishay Intertechnology were worth $851,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Coppell Advisory Solutions LLC bought a new stake in shares of Vishay Intertechnology in the second quarter worth about $27,000. Fairfield Bush & CO. bought a new stake in Vishay Intertechnology during the 1st quarter valued at approximately $35,000. Fifth Third Bancorp boosted its position in Vishay Intertechnology by 60.9% during the 3rd quarter. Fifth Third Bancorp now owns 1,477 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 559 shares in the last quarter. Castleview Partners LLC bought a new stake in Vishay Intertechnology during the 2nd quarter valued at approximately $42,000. Finally, Bartlett & CO. Wealth Management LLC bought a new stake in Vishay Intertechnology during the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Insider Activity

In other news, Chairman Marc Zandman sold 26,154 shares of Vishay Intertechnology stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $22.83, for a total transaction of $597,095.82. Following the completion of the transaction, the chairman now directly owns 73,678 shares in the company, valued at $1,682,068.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.02% of the company’s stock.

Analyst Ratings Changes

Separately, Stifel Nicolaus reaffirmed a “buy” rating and set a $25.00 price objective on shares of Vishay Intertechnology in a research report on Wednesday, April 3rd.

Vishay Intertechnology Stock Performance

Vishay Intertechnology stock opened at $21.09 on Thursday. The stock’s 50 day simple moving average is $22.15 and its two-hundred day simple moving average is $22.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.38 and a current ratio of 3.32. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 9.13 and a beta of 1.24. Vishay Intertechnology, Inc. has a fifty-two week low of $20.57 and a fifty-two week high of $30.10.

Vishay Intertechnology (NYSE:VSH) last released its earnings results on Wednesday, February 7th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. Vishay Intertechnology had a net margin of 9.52% and a return on equity of 15.72%. The firm had revenue of $785.24 million during the quarter, compared to analyst estimates of $787.15 million. During the same period last year, the business earned $0.69 earnings per share. The business’s revenue was down 8.2% on a year-over-year basis. As a group, analysts expect that Vishay Intertechnology, Inc. will post 1.1 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.40 annualized dividend and a dividend yield of 1.90%. Vishay Intertechnology’s payout ratio is 17.32%.

Vishay Intertechnology Profile

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