Eastern Bank Purchases Shares of 6,000 Vishay Intertechnology, Inc. (NYSE:VSH)

Eastern Bank purchased a new stake in Vishay Intertechnology, Inc. (NYSE:VSH) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,000 shares of the semiconductor company’s stock, valued at approximately $113,000.

Other institutional investors have also recently modified their holdings of the company. Russell Investments Group Ltd. increased its position in Vishay Intertechnology by 403.6% during the first quarter. Russell Investments Group Ltd. now owns 346,017 shares of the semiconductor company’s stock worth $7,848,000 after buying an additional 277,311 shares in the last quarter. M&G Plc purchased a new stake in Vishay Intertechnology during the 1st quarter worth about $6,016,000. Janus Henderson Group PLC raised its stake in Vishay Intertechnology by 53.7% in the 1st quarter. Janus Henderson Group PLC now owns 747,269 shares of the semiconductor company’s stock valued at $16,947,000 after purchasing an additional 261,175 shares during the last quarter. Poplar Forest Capital LLC purchased a new position in Vishay Intertechnology in the 2nd quarter valued at about $21,160,000. Finally, Vanguard Group Inc. boosted its stake in shares of Vishay Intertechnology by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 14,204,857 shares of the semiconductor company’s stock worth $340,490,000 after purchasing an additional 68,418 shares during the last quarter. 93.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, TD Cowen cut their price objective on shares of 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 Price Performance

Shares of NYSE:VSH opened at $17.76 on Friday. The business has a fifty day simple moving average of $18.72 and a 200-day simple moving average of $21.24. The company has a quick ratio of 1.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.38. Vishay Intertechnology, Inc. has a 52 week low of $17.42 and a 52 week high of $24.72. The company has a market cap of $2.43 billion, a P/E ratio of 14.44 and a beta of 1.09.

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

Vishay Intertechnology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 10th were issued a $0.10 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.25%. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 32.52%.

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.