New York State Teachers Retirement System Lowers Stock Holdings in Vishay Intertechnology, Inc. (NYSE:VSH)

New York State Teachers Retirement System decreased its position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 1.8% during the third quarter, HoldingsChannel reports. The firm owned 173,711 shares of the semiconductor company’s stock after selling 3,262 shares during the period. New York State Teachers Retirement System’s holdings in Vishay Intertechnology were worth $3,285,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Vishay Intertechnology by 5.0% during 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 in the last quarter. Deprince Race & Zollo Inc. grew its stake in shares of Vishay Intertechnology by 94.0% during the second quarter. Deprince Race & Zollo Inc. now owns 3,129,207 shares of the semiconductor company’s stock valued at $69,781,000 after buying an additional 1,516,368 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Vishay Intertechnology by 12.7% during the second quarter. American Century Companies Inc. now owns 3,109,768 shares of the semiconductor company’s stock valued at $69,348,000 after buying an additional 350,512 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Vishay Intertechnology by 11.8% during the second quarter. Bank of New York Mellon Corp now owns 1,647,693 shares of the semiconductor company’s stock valued at $36,744,000 after buying an additional 174,149 shares during the last quarter. Finally, Systematic Financial Management LP grew its stake in shares of Vishay Intertechnology by 1.0% during the second quarter. Systematic Financial Management LP now owns 1,206,125 shares of the semiconductor company’s stock valued at $26,897,000 after buying an additional 11,950 shares during the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Vishay Intertechnology Stock Up 6.8 %

Shares of NYSE:VSH opened at $18.20 on Thursday. 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 stock has a market capitalization of $2.49 billion, a P/E ratio of 14.85 and a beta of 1.09. Vishay Intertechnology, Inc. has a 12-month low of $16.65 and a 12-month high of $24.72. The stock’s 50-day moving average price is $18.25 and its 200-day moving average price is $21.00.

Vishay Intertechnology (NYSE:VSH) last posted its earnings results on Wednesday, August 7th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $741.20 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm earned $0.68 earnings per share. On average, equities analysts anticipate that Vishay Intertechnology, Inc. will post 0.72 earnings per share for the current year.

Vishay Intertechnology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 10th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.40 annualized dividend and a dividend yield of 2.20%. Vishay Intertechnology’s payout ratio is presently 32.52%.

Analysts Set New Price Targets

Separately, TD Cowen reduced 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 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.