Franklin Resources Inc. Sells 19,493 Shares of Vishay Intertechnology, Inc. (NYSE:VSH)

Franklin Resources Inc. reduced its holdings in Vishay Intertechnology, Inc. (NYSE:VSH) by 8.8% in the 3rd quarter, Holdings Channel reports. The fund owned 202,086 shares of the semiconductor company’s stock after selling 19,493 shares during the quarter. Franklin Resources Inc.’s holdings in Vishay Intertechnology were worth $3,716,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Matrix Trust Co bought a new stake in Vishay Intertechnology during the 3rd quarter worth approximately $25,000. nVerses Capital LLC acquired a new position in shares of Vishay Intertechnology in the second quarter valued at approximately $45,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Vishay Intertechnology by 11,136.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,135 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 2,116 shares in the last quarter. Adirondack Trust Co. raised its holdings in shares of Vishay Intertechnology by 71.4% during the third quarter. Adirondack Trust Co. now owns 4,800 shares of the semiconductor company’s stock worth $91,000 after acquiring an additional 2,000 shares during the period. Finally, Innealta Capital LLC bought a new stake in Vishay Intertechnology in the 2nd quarter valued at $111,000. Institutional investors and hedge funds own 93.66% of the company’s stock.

Vishay Intertechnology Stock Up 1.8 %

Vishay Intertechnology stock opened at $17.54 on Wednesday. The company has a current ratio of 2.81, a quick ratio of 1.85 and a debt-to-equity ratio of 0.38. Vishay Intertechnology, Inc. has a 1-year low of $14.95 and a 1-year high of $24.68. The company has a fifty day simple moving average of $17.49 and a 200 day simple moving average of $19.61. The company has a market cap of $2.38 billion, a P/E ratio of 28.29 and a beta of 1.12.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share for the quarter, missing the consensus estimate 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 in the previous year, the business earned $0.60 EPS. Vishay Intertechnology’s revenue was down 13.9% on a year-over-year basis. Research analysts anticipate that Vishay Intertechnology, Inc. will post 0.55 earnings per share for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Tuesday, December 3rd. Vishay Intertechnology’s dividend payout ratio (DPR) is 64.52%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. StockNews.com cut Vishay Intertechnology from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. assumed coverage on Vishay Intertechnology in a report on Monday, December 16th. They set a “neutral” rating and a $19.00 price objective for the company.

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.