State of New Jersey Common Pension Fund D Lowers Stock Holdings in Vishay Intertechnology, Inc. (NYSE:VSH)

State of New Jersey Common Pension Fund D lowered its holdings in Vishay Intertechnology, Inc. (NYSE:VSH) by 37.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,549 shares of the semiconductor company’s stock after selling 48,170 shares during the period. State of New Jersey Common Pension Fund D owned 0.06% of Vishay Intertechnology worth $1,774,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in VSH. Poplar Forest Capital LLC purchased a new stake in shares of Vishay Intertechnology in the second quarter valued at $21,160,000. Vanguard Group Inc. grew its position in shares of Vishay Intertechnology by 5.0% in the first quarter. Vanguard Group Inc. now owns 14,919,132 shares of the semiconductor company’s stock valued at $338,366,000 after purchasing an additional 714,275 shares during the period. Wasatch Advisors LP grew its position in shares of Vishay Intertechnology by 33.8% in the fourth quarter. Wasatch Advisors LP now owns 1,858,012 shares of the semiconductor company’s stock valued at $44,537,000 after purchasing an additional 468,854 shares during the period. First Trust Advisors LP grew its position in shares of Vishay Intertechnology by 23.9% in the fourth quarter. First Trust Advisors LP now owns 2,093,809 shares of the semiconductor company’s stock valued at $50,189,000 after purchasing an additional 403,960 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of Vishay Intertechnology by 403.6% in the first quarter. Russell Investments Group Ltd. now owns 346,017 shares of the semiconductor company’s stock valued at $7,848,000 after purchasing an additional 277,311 shares during the period. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Vishay Intertechnology Price Performance

VSH stock opened at $18.53 on Wednesday. The stock has a 50-day moving average price of $20.58 and a two-hundred day moving average price of $21.87. Vishay Intertechnology, Inc. has a 12-month low of $17.42 and a 12-month high of $25.22. The company has a current ratio of 2.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.38. The company has a market cap of $2.54 billion, a PE ratio of 10.65 and a beta of 1.10.

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

Vishay Intertechnology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Tuesday, September 10th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Tuesday, September 10th. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 22.99%.

Analyst Upgrades and Downgrades

Separately, TD Cowen lowered their price objective on 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 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.