Vishay Intertechnology, Inc. $VSH Stock: Hennessy Advisors Inc. Trims Position

Hennessy Advisors Inc. decreased its holdings in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 8.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 291,600 shares of the semiconductor company’s stock after selling 28,500 shares during the period. Hennessy Advisors Inc. owned approximately 0.19% of Vishay Intertechnology worth $9,492,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in Vishay Intertechnology in the 3rd quarter valued at $526,000. Profund Advisors LLC increased its stake in shares of Vishay Intertechnology by 10.4% during the third quarter. Profund Advisors LLC now owns 6,391 shares of the semiconductor company’s stock worth $208,000 after acquiring an additional 601 shares during the period. ProShare Advisors LLC lifted its position in Vishay Intertechnology by 9.6% in the third quarter. ProShare Advisors LLC now owns 19,278 shares of the semiconductor company’s stock valued at $627,000 after purchasing an additional 1,692 shares during the period. MGO One Seven LLC increased its position in Vishay Intertechnology by 34.7% during the 3rd quarter. MGO One Seven LLC now owns 6,746 shares of the semiconductor company’s stock worth $220,000 after purchasing an additional 1,739 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of Vishay Intertechnology by 109.3% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 51,900 shares of the semiconductor company’s stock valued at $1,689,000 after buying an additional 27,100 shares during the period. Institutional investors and hedge funds own 93.66% of the company’s stock.

Insider Activity at Vishay Intertechnology

In other news, Director Raanan Zilberman sold 16,575 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $35.82, for a total value of $593,716.50. Following the completion of the transaction, the director owned 31,937 shares of the company’s stock, valued at $1,143,983.34. The trade was a 34.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.35% of the stock is currently owned by company insiders.

Vishay Intertechnology Stock Performance

Vishay Intertechnology stock opened at $26.74 on Monday. Vishay Intertechnology, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $69.47. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 140.74, a PEG ratio of 3.15 and a beta of 1.90. The stock has a fifty day moving average of $31.40 and a two-hundred day moving average of $31.99. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.80.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. The business had revenue of $918.58 million for the quarter, compared to analyst estimates of $897.03 million. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.07) earnings per share. On average, analysts anticipate that Vishay Intertechnology, Inc. will post 0.85 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, September 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.5%. Vishay Intertechnology’s payout ratio is 210.53%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Raymond James Financial started coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 price objective for the company. Wall Street Zen upgraded shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Truist Financial initiated coverage on Vishay Intertechnology in a research note on Thursday, September 3rd. They set a “buy” rating and a $42.00 price target on the stock. Zacks Research upgraded Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Finally, Weiss Ratings lowered Vishay Intertechnology from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 25th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Vishay Intertechnology currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.67.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc is a global manufacturer of electronic components used in industrial, automotive, computing, telecommunications, consumer electronics, aerospace and defense, and medical applications. The company’s portfolio includes passive components and semiconductor products that support power management, signal processing, sensing, connectivity and energy conversion.

Its products include resistors, capacitors, inductors, diodes, rectifiers, power MOSFETs, optoelectronic components, sensors, transducers and related power and circuit-protection devices.