Hancock Holding Co. reduced its holdings in shares of Vishay Intertechnology (NYSE:VSH) by 46.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,038 shares of the semiconductor company’s stock after selling 63,085 shares during the quarter. Hancock Holding Co.’s holdings in Vishay Intertechnology were worth $1,340,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Vishay Intertechnology by 35.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,220 shares of the semiconductor company’s stock worth $191,000 after purchasing an additional 2,420 shares during the period. ARP Americas LP purchased a new position in Vishay Intertechnology during the 1st quarter valued at about $186,000. Paloma Partners Management Co bought a new stake in Vishay Intertechnology during the 4th quarter valued at about $214,000. JOYN Advisors Inc. bought a new stake in Vishay Intertechnology during the 4th quarter valued at about $236,000. Finally, Element Capital Management LLC bought a new stake in Vishay Intertechnology during the 1st quarter valued at about $215,000.
A number of brokerages have recently commented on VSH. Bank of America upgraded shares of Vishay Intertechnology from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $20.00 to $24.00 in a research note on Wednesday, May 9th. Zacks Investment Research raised shares of Vishay Intertechnology from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Friday, May 11th. ValuEngine raised shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Finally, TheStreet raised shares of Vishay Intertechnology from a “c+” rating to a “b-” rating in a research note on Friday, May 11th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $21.75.
VSH stock opened at $23.20 on Friday. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 1.99 and a beta of 1.34. The company has a quick ratio of 3.47, a current ratio of 4.34 and a debt-to-equity ratio of 0.43. Vishay Intertechnology has a one year low of $16.45 and a one year high of $25.00.
Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings results on Tuesday, May 8th. The semiconductor company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.04. The company had revenue of $716.80 million for the quarter, compared to the consensus estimate of $694.06 million. Vishay Intertechnology had a net margin of 0.20% and a return on equity of 15.57%. Vishay Intertechnology’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. analysts predict that Vishay Intertechnology will post 1.79 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 28th. Stockholders of record on Wednesday, June 13th were paid a dividend of $0.085 per share. This is a boost from Vishay Intertechnology’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Tuesday, June 12th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.47%. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 23.78%.
About Vishay Intertechnology
Vishay Intertechnology, Inc manufactures and supplies discrete semiconductors and passive components in the United States, Europe, and Asia. The Metal Oxide Semiconductor Field Effect Transistors (MOSFETs) segment offers low- and medium-voltage TrenchFET MOSFETs, high-voltage planar MOSFETs, high voltage super junction MOSFETs, power integrated circuits, and integrated function power devices.
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