Vishay Intertechnology, Inc. (NYSE:VSH) Director John Malvisi Purchases 8,929 Shares

Vishay Intertechnology, Inc. (NYSE:VSHGet Free Report) Director John Malvisi purchased 8,929 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was bought at an average cost of $22.60 per share, for a total transaction of $201,795.40. Following the acquisition, the director now directly owns 16,438 shares in the company, valued at approximately $371,498.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Vishay Intertechnology Stock Up 2.7 %

Shares of NYSE VSH opened at $23.32 on Wednesday. The stock has a market capitalization of $3.21 billion, a P/E ratio of 13.40 and a beta of 1.21. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 2.08. Vishay Intertechnology, Inc. has a one year low of $20.83 and a one year high of $30.10. The firm’s 50 day simple moving average is $22.29 and its two-hundred day simple moving average is $22.49.

Vishay Intertechnology (NYSE:VSHGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The semiconductor company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. The business had revenue of $746.30 million during the quarter, compared to the consensus estimate of $735.96 million. Vishay Intertechnology had a net margin of 7.41% and a return on equity of 11.95%. The firm’s revenue for the quarter was down 14.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 earnings per share. As a group, analysts expect that Vishay Intertechnology, Inc. will post 0.87 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, March 14th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.40 annualized dividend and a yield of 1.72%. Vishay Intertechnology’s payout ratio is currently 22.99%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in VSH. Commonwealth Equity Services LLC grew its stake in shares of Vishay Intertechnology by 25.2% in the third quarter. Commonwealth Equity Services LLC now owns 20,622 shares of the semiconductor company’s stock worth $510,000 after purchasing an additional 4,154 shares during the last quarter. Strs Ohio raised its holdings in shares of Vishay Intertechnology by 5.2% during the third quarter. Strs Ohio now owns 46,800 shares of the semiconductor company’s stock valued at $1,156,000 after acquiring an additional 2,300 shares in the last quarter. Assetmark Inc. increased its position in Vishay Intertechnology by 1,356.5% during the 3rd quarter. Assetmark Inc. now owns 85,656 shares of the semiconductor company’s stock valued at $2,117,000 after purchasing an additional 79,775 shares during the period. Fifth Third Bancorp lifted its position in shares of Vishay Intertechnology by 60.9% in the 3rd quarter. Fifth Third Bancorp now owns 1,477 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 559 shares during the period. Finally, Jennison Associates LLC lifted its position in shares of Vishay Intertechnology by 3.0% in the 3rd quarter. Jennison Associates LLC now owns 47,786 shares of the semiconductor company’s stock worth $1,181,000 after purchasing an additional 1,396 shares during the period. 93.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Stifel Nicolaus reaffirmed a “buy” rating and issued a $25.00 price target on shares of Vishay Intertechnology in a report on Wednesday, April 3rd.

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About Vishay Intertechnology

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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.

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