Vishay Intertechnology, Inc. (NYSE:VSH) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its stake in Vishay Intertechnology, Inc. (NYSE:VSH) by 10.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 137,812 shares of the semiconductor company’s stock after selling 16,641 shares during the quarter. Retirement Systems of Alabama’s holdings in Vishay Intertechnology were worth $2,606,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Matrix Trust Co purchased a new position in Vishay Intertechnology in the 3rd quarter worth approximately $25,000. nVerses Capital LLC acquired a new position in shares of Vishay Intertechnology during the second quarter worth $45,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Vishay Intertechnology by 11,136.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,135 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 2,116 shares during the period. Adirondack Trust Co. boosted its stake in shares of Vishay Intertechnology by 71.4% in the third quarter. Adirondack Trust Co. now owns 4,800 shares of the semiconductor company’s stock valued at $91,000 after purchasing an additional 2,000 shares during the period. Finally, Innealta Capital LLC acquired a new stake in Vishay Intertechnology during the 2nd quarter valued at $111,000. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VSH. StockNews.com cut shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a research report on Wednesday. JPMorgan Chase & Co. began coverage on Vishay Intertechnology in a research note on Monday, December 16th. They issued a “neutral” rating and a $19.00 price target on the stock.

Vishay Intertechnology Stock Up 1.0 %

Shares of NYSE:VSH opened at $17.18 on Friday. The firm has a market cap of $2.33 billion, a PE ratio of 27.71 and a beta of 1.12. The company has a fifty day simple moving average of $17.54 and a 200 day simple moving average of $19.78. The company has a current ratio of 2.81, a quick ratio of 1.85 and a debt-to-equity ratio of 0.38. Vishay Intertechnology, Inc. has a 12-month low of $14.95 and a 12-month high of $24.68.

Vishay Intertechnology (NYSE:VSH) last released its earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.06). Vishay Intertechnology had a return on equity of 5.35% and a net margin of 2.88%. The company had revenue of $735.35 million during the quarter, compared to the consensus estimate of $748.84 million. During the same period in the previous year, the firm posted $0.60 EPS. Vishay Intertechnology’s revenue for the quarter was down 13.9% on a year-over-year basis. On average, equities research analysts anticipate that Vishay Intertechnology, Inc. will post 0.55 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Tuesday, December 3rd. Vishay Intertechnology’s dividend payout ratio is presently 64.52%.

Vishay Intertechnology Company 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.