The Zacks Investment Management Invests $810,000 in Vishay Intertechnology Inc. (VSH)

The Zacks Investment Management Invests $810,000 in Vishay Intertechnology Inc. (VSH)

Zacks Investment Management bought a new stake in shares of Vishay Intertechnology Inc. (NYSE:VSH) during the third quarter, Holdings Channel reports. The fund bought 57,471 shares of the company’s stock, valued at approximately $810,000.

Other institutional investors have also recently bought and sold shares of the company. First Citizens Bank & Trust Co. boosted its position in Vishay Intertechnology by 1.4% in the third quarter. First Citizens Bank & Trust Co. now owns 28,630 shares of the company’s stock valued at $403,000 after buying an additional 384 shares in the last quarter. LS Investment Advisors LLC boosted its position in Vishay Intertechnology by 5.7% in the third quarter. LS Investment Advisors LLC now owns 8,579 shares of the company’s stock valued at $121,000 after buying an additional 465 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Vishay Intertechnology by 1.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 60,870 shares of the company’s stock valued at $858,000 after buying an additional 890 shares in the last quarter. Quantitative Systematic Strategies LLC boosted its position in Vishay Intertechnology by 8.7% in the second quarter. Quantitative Systematic Strategies LLC now owns 13,594 shares of the company’s stock valued at $163,000 after buying an additional 1,090 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in Vishay Intertechnology by 4.0% in the second quarter. Ameritas Investment Partners Inc. now owns 31,887 shares of the company’s stock valued at $395,000 after buying an additional 1,233 shares in the last quarter.

Vishay Intertechnology Inc. (NYSE:VSH) traded down 1.79% during trading on Thursday, reaching $16.50. 1,005,543 shares of the company’s stock were exchanged. Vishay Intertechnology Inc. has a 52 week low of $10.34 and a 52 week high of $16.85. The firm’s market capitalization is $2.41 billion. The stock has a 50-day moving average price of $16.11 and a 200 day moving average price of $14.36.

Vishay Intertechnology (NYSE:VSH) last announced its earnings results on Monday, November 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $592 million for the quarter, compared to analyst estimates of $591.68 million. Vishay Intertechnology had a negative net margin of 1.74% and a positive return on equity of 7.29%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share. Equities research analysts forecast that Vishay Intertechnology Inc. will post $0.89 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 22nd. Stockholders of record on Thursday, December 8th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Tuesday, December 6th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.52%. Vishay Intertechnology’s dividend payout ratio (DPR) is presently -89.28%.

Several equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research note on Thursday, November 10th. Stifel Nicolaus cut shares of Vishay Intertechnology from a “buy” rating to a “hold” rating and set a $15.00 price objective for the company. in a research report on Wednesday, November 9th. They noted that the move was a valuation call. Finally, TheStreet upgraded shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a research report on Wednesday, November 9th.

In related news, insider Marc Zandman sold 27,619 shares of Vishay Intertechnology stock in a transaction on Monday, December 12th. The shares were sold at an average price of $15.97, for a total value of $441,075.43. Following the transaction, the insider now directly owns 102,719 shares in the company, valued at approximately $1,640,422.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ruta Zandman sold 37,417 shares of Vishay Intertechnology stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $16.06, for a total transaction of $600,917.02. The disclosure for this sale can be found here. Company insiders own 7.91% of the company’s stock.

About Vishay Intertechnology

Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five segments. The MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs. The Diodes segment’s products include rectifiers, small signal diodes, protection diodes, thyristors/silicon-controlled rectifiers (SCRs) and power modules.

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