Charles Schwab Investment Management Inc. Acquires 248,741 Shares of Vishay Intertechnology, Inc. (NYSE:VSH)

Charles Schwab Investment Management Inc. boosted its holdings in Vishay Intertechnology, Inc. (NYSE:VSH) by 17.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,709,994 shares of the semiconductor company’s stock after purchasing an additional 248,741 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Vishay Intertechnology were worth $32,336,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Poplar Forest Capital LLC bought a new position in Vishay Intertechnology in the 2nd quarter worth approximately $21,160,000. Kovack Advisors Inc. acquired a new position in shares of Vishay Intertechnology in the third quarter valued at $788,000. Vest Financial LLC raised its stake in shares of Vishay Intertechnology by 65.2% in the third quarter. Vest Financial LLC now owns 82,528 shares of the semiconductor company’s stock valued at $1,561,000 after purchasing an additional 32,559 shares in the last quarter. Divisar Capital Management LLC raised its stake in shares of Vishay Intertechnology by 10.9% in the second quarter. Divisar Capital Management LLC now owns 305,496 shares of the semiconductor company’s stock valued at $6,813,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Vishay Intertechnology by 35.9% in the third quarter. Assenagon Asset Management S.A. now owns 120,649 shares of the semiconductor company’s stock valued at $2,281,000 after purchasing an additional 31,863 shares in the last quarter. 93.66% of the stock is owned by institutional investors.

Vishay Intertechnology Stock Performance

Shares of NYSE:VSH opened at $18.48 on Wednesday. The business’s fifty day moving average price is $17.61 and its two-hundred day moving average price is $20.25. Vishay Intertechnology, Inc. has a fifty-two week low of $14.95 and a fifty-two week high of $24.72. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 29.95 and a beta of 1.12. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 1.85.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). Vishay Intertechnology had a net margin of 2.88% and a return on equity of 5.35%. The company had revenue of $735.35 million during the quarter, compared to the consensus estimate of $748.84 million. During the same quarter last year, the company earned $0.60 earnings per share. The business’s revenue was down 13.9% on a year-over-year basis. As a group, analysts predict that Vishay Intertechnology, Inc. will post 0.55 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Tuesday, December 3rd. Vishay Intertechnology’s payout ratio is presently 64.52%.

Analysts Set New Price Targets

A number of brokerages recently commented on VSH. TD Cowen cut their target price on Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. StockNews.com lowered Vishay Intertechnology from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

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.