Somerset Trust Co Boosts Position in Vishay Intertechnology, Inc. (NYSE:VSH)

Somerset Trust Co lifted its stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 8.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,560 shares of the semiconductor company’s stock after buying an additional 844 shares during the quarter. Somerset Trust Co’s holdings in Vishay Intertechnology were worth $240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Vishay Intertechnology during the 4th quarter valued at $262,283,000. Mizuho Markets Americas LLC increased its stake in shares of Vishay Intertechnology by 863.7% during the fourth quarter. Mizuho Markets Americas LLC now owns 944,408 shares of the semiconductor company’s stock valued at $22,637,000 after purchasing an additional 846,408 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of Vishay Intertechnology by 33.8% during 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 last quarter. First Trust Advisors LP lifted its holdings in shares of Vishay Intertechnology by 23.9% during 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 last quarter. Finally, Tudor Investment Corp Et Al boosted its position in shares of Vishay Intertechnology by 645.2% in the 3rd quarter. Tudor Investment Corp Et Al now owns 343,802 shares of the semiconductor company’s stock worth $8,499,000 after purchasing an additional 297,668 shares in the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Vishay Intertechnology

In related news, Director John Malvisi purchased 8,929 shares of Vishay Intertechnology stock in a transaction dated Friday, May 10th. The stock was purchased at an average cost of $22.60 per share, for a total transaction of $201,795.40. Following the completion of the purchase, the director now directly owns 16,438 shares of the company’s stock, valued at approximately $371,498.80. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 8.14% of the company’s stock.

Vishay Intertechnology Stock Performance

Shares of VSH stock opened at $22.34 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.08 and a current ratio of 3.02. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 12.84 and a beta of 1.14. Vishay Intertechnology, Inc. has a one year low of $20.83 and a one year high of $30.10. The company’s 50-day moving average is $22.77 and its 200 day moving average is $22.64.

Vishay Intertechnology (NYSE:VSH) last issued its earnings results on Wednesday, May 8th. The semiconductor company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. Vishay Intertechnology had a return on equity of 11.95% and a net margin of 7.41%. The business had revenue of $746.30 million for the quarter, compared to the consensus estimate of $735.96 million. During the same period last year, the business posted $0.79 EPS. The company’s revenue was down 14.3% compared to the same quarter last year. Sell-side analysts expect that Vishay Intertechnology, Inc. will post 0.87 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Thursday, June 13th. Vishay Intertechnology’s dividend payout ratio (DPR) 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.