Vishay Intertechnology, Inc. (NYSE:VSH) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 2.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 146,753 shares of the semiconductor company’s stock after selling 3,006 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.11% of Vishay Intertechnology worth $3,273,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its position in shares of Vishay Intertechnology by 403.6% during the first quarter. Russell Investments Group Ltd. now owns 346,017 shares of the semiconductor company’s stock worth $7,848,000 after purchasing an additional 277,311 shares in the last quarter. M&G Plc purchased a new stake in shares of Vishay Intertechnology during the first quarter worth about $6,016,000. Janus Henderson Group PLC lifted its stake in shares of Vishay Intertechnology by 53.7% in the first quarter. Janus Henderson Group PLC now owns 747,269 shares of the semiconductor company’s stock worth $16,947,000 after acquiring an additional 261,175 shares in the last quarter. Poplar Forest Capital LLC purchased a new position in Vishay Intertechnology in the second quarter valued at about $21,160,000. Finally, Vanguard Group Inc. grew its stake in Vishay Intertechnology by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 14,204,857 shares of the semiconductor company’s stock valued at $340,490,000 after purchasing an additional 68,418 shares in the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Vishay Intertechnology Stock Performance

Shares of VSH stock opened at $17.74 on Wednesday. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 10.20 and a beta of 1.09. Vishay Intertechnology, Inc. has a one year low of $17.42 and a one year high of $24.72. The company’s 50-day simple moving average is $19.45 and its 200-day simple moving average is $21.59. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.98 and a current ratio of 2.98.

Vishay Intertechnology (NYSE:VSH) last released 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. The company had revenue of $741.20 million for the quarter, compared to the consensus estimate of $754.71 million. Vishay Intertechnology had a return on equity of 8.72% and a net margin of 5.48%. Vishay Intertechnology’s quarterly revenue was down 16.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 EPS. Equities analysts anticipate that Vishay Intertechnology, Inc. will post 0.72 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.40 annualized dividend and a yield of 2.25%. Vishay Intertechnology’s payout ratio is 22.99%.

Analyst Upgrades and Downgrades

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 report on Thursday, August 8th.

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.