State of Michigan Retirement System Sells 800 Shares of Vishay Intertechnology, Inc. (NYSE:VSH)

State of Michigan Retirement System decreased its holdings in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 2.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,188 shares of the semiconductor company’s stock after selling 800 shares during the period. State of Michigan Retirement System’s holdings in Vishay Intertechnology were worth $673,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Rise Advisors LLC bought a new position in Vishay Intertechnology in the 1st quarter valued at about $27,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Vishay Intertechnology by 173.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,367 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 868 shares during the last quarter. Bell Investment Advisors Inc lifted its holdings in shares of Vishay Intertechnology by 122.5% in the first quarter. Bell Investment Advisors Inc now owns 1,424 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 784 shares in the last quarter. Headlands Technologies LLC boosted its position in shares of Vishay Intertechnology by 95.7% during the first quarter. Headlands Technologies LLC now owns 1,583 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 774 shares during the last quarter. Finally, EntryPoint Capital LLC grew its holdings in Vishay Intertechnology by 1,366.2% during the first quarter. EntryPoint Capital LLC now owns 1,950 shares of the semiconductor company’s stock worth $44,000 after buying an additional 1,817 shares in the last quarter. 93.66% of the stock is owned by institutional investors.

Vishay Intertechnology Trading Down 0.0 %

NYSE:VSH opened at $20.14 on Friday. Vishay Intertechnology, Inc. has a 52 week low of $19.54 and a 52 week high of $27.78. The firm has a 50-day moving average price of $21.92 and a two-hundred day moving average price of $22.31. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.98 and a current ratio of 2.98. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 11.57 and a beta of 1.12.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.17 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 company had revenue of $741.20 million during the quarter, compared to the consensus estimate of $754.71 million. During the same period last year, the business posted $0.68 earnings per share. Vishay Intertechnology’s revenue was down 16.9% on a year-over-year basis. On average, equities analysts expect that Vishay Intertechnology, Inc. will post 0.72 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Tuesday, September 10th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Tuesday, September 10th. Vishay Intertechnology’s dividend payout ratio (DPR) is currently 22.99%.

Analyst Ratings Changes

Separately, TD Cowen dropped their price objective 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 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.