Arizona State Retirement System Sells 3,095 Shares of Vishay Intertechnology, Inc. (NYSE:VSH)

Arizona State Retirement System trimmed its stake in Vishay Intertechnology, Inc. (NYSE:VSH) by 8.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,598 shares of the semiconductor company’s stock after selling 3,095 shares during the period. Arizona State Retirement System’s holdings in Vishay Intertechnology were worth $705,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Rise Advisors LLC bought a new stake in Vishay Intertechnology in the first quarter worth $27,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Vishay Intertechnology by 173.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,367 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 868 shares during the last quarter. Bell Investment Advisors Inc boosted its stake in shares of Vishay Intertechnology by 122.5% during the 1st quarter. Bell Investment Advisors Inc now owns 1,424 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 784 shares during the period. Headlands Technologies LLC grew its holdings in Vishay Intertechnology by 95.7% during the 1st quarter. Headlands Technologies LLC now owns 1,583 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 774 shares during the last quarter. Finally, EntryPoint Capital LLC raised its position in Vishay Intertechnology by 1,366.2% in the 1st quarter. EntryPoint Capital LLC now owns 1,950 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 1,817 shares during the period. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, TD Cowen cut their target price on Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th.

Vishay Intertechnology Stock Up 2.3 %

Shares of VSH opened at $18.42 on Monday. The firm has a market capitalization of $2.52 billion, a P/E ratio of 10.59 and a beta of 1.10. Vishay Intertechnology, Inc. has a 12-month low of $17.42 and a 12-month high of $25.32. The firm has a fifty day moving average price of $21.21 and a 200-day moving average price of $22.09. The company has a current ratio of 2.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.38.

Vishay Intertechnology (NYSE:VSH) last issued its earnings results on Wednesday, August 7th. The semiconductor company reported $0.17 EPS for the quarter, topping 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 business had revenue of $741.20 million for the quarter, compared to the consensus estimate of $754.71 million. During the same period in the prior year, the firm earned $0.68 EPS. The company’s revenue for the quarter was down 16.9% compared to the same quarter last year. Equities research analysts expect that Vishay Intertechnology, Inc. will post 0.72 earnings per share for the current year.

Vishay Intertechnology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Tuesday, September 10th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Tuesday, September 10th. Vishay Intertechnology’s dividend payout ratio is 22.99%.

About Vishay Intertechnology

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.