ProShare Advisors LLC Trims Stock Position in Vishay Intertechnology, Inc. (NYSE:VSH)

ProShare Advisors LLC lessened its stake in Vishay Intertechnology, Inc. (NYSE:VSH) by 20.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,950 shares of the semiconductor company’s stock after selling 6,080 shares during the period. ProShare Advisors LLC’s holdings in Vishay Intertechnology were worth $512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in VSH. Poplar Forest Capital LLC purchased a new stake in Vishay Intertechnology in the 2nd quarter valued at $21,160,000. Vanguard Group Inc. raised its holdings in shares of Vishay Intertechnology by 5.0% in the first quarter. Vanguard Group Inc. now owns 14,919,132 shares of the semiconductor company’s stock valued at $338,366,000 after buying an additional 714,275 shares during the last quarter. Wasatch Advisors LP boosted its stake in shares of Vishay Intertechnology by 33.8% during the fourth quarter. Wasatch Advisors LP now owns 1,858,012 shares of the semiconductor company’s stock worth $44,537,000 after buying an additional 468,854 shares during the period. First Trust Advisors LP grew its holdings in shares of Vishay Intertechnology by 23.9% during the fourth quarter. First Trust Advisors LP now owns 2,093,809 shares of the semiconductor company’s stock worth $50,189,000 after buying an additional 403,960 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Vishay Intertechnology by 12.7% in the 2nd quarter. American Century Companies Inc. now owns 3,109,768 shares of the semiconductor company’s stock valued at $69,348,000 after acquiring an additional 350,512 shares during the period. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Vishay Intertechnology Stock Down 0.8 %

VSH stock opened at $18.91 on Tuesday. The stock has a market capitalization of $2.59 billion, a PE ratio of 10.87 and a beta of 1.10. The company has a fifty day moving average of $20.15 and a 200-day moving average of $21.76. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.98 and a current ratio of 2.98. Vishay Intertechnology, Inc. has a one year low of $17.42 and a one year high of $25.22.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $741.20 million for the quarter, compared to analyst estimates of $754.71 million. Vishay Intertechnology had a return on equity of 8.72% and a net margin of 5.48%. The firm’s revenue for the quarter was down 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 EPS. As a group, analysts expect that Vishay Intertechnology, Inc. will post 0.72 EPS for the current year.

Vishay Intertechnology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 10th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Tuesday, September 10th. Vishay Intertechnology’s dividend payout ratio (DPR) is currently 22.99%.

Wall Street Analyst Weigh In

Separately, TD Cowen decreased their price objective on Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating for the company in a research report on Thursday, August 8th.

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.