Louisiana State Employees Retirement System Sells 4,000 Shares of Vishay Intertechnology, Inc. (NYSE:VSH)

Louisiana State Employees Retirement System cut its position in Vishay Intertechnology, Inc. (NYSE:VSH) by 11.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 31,400 shares of the semiconductor company’s stock after selling 4,000 shares during the period. Louisiana State Employees Retirement System’s holdings in Vishay Intertechnology were worth $594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Deprince Race & Zollo Inc. raised its stake in shares of Vishay Intertechnology by 94.0% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 3,129,207 shares of the semiconductor company’s stock valued at $69,781,000 after purchasing an additional 1,516,368 shares during the period. Poplar Forest Capital LLC purchased a new stake in Vishay Intertechnology in the 2nd quarter worth approximately $21,160,000. Vanguard Group Inc. lifted its holdings in Vishay Intertechnology by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 14,919,132 shares of the semiconductor company’s stock worth $338,366,000 after buying an additional 714,275 shares during the period. American Century Companies Inc. lifted its holdings in Vishay Intertechnology by 12.7% in the 2nd quarter. American Century Companies Inc. now owns 3,109,768 shares of the semiconductor company’s stock worth $69,348,000 after buying an additional 350,512 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Vishay Intertechnology by 403.6% in the 1st quarter. Russell Investments Group Ltd. now owns 346,017 shares of the semiconductor company’s stock valued at $7,848,000 after purchasing an additional 277,311 shares during the period. 93.66% of the stock is currently owned by institutional investors.

Vishay Intertechnology Stock Up 0.1 %

Vishay Intertechnology stock opened at $17.04 on Wednesday. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 13.85 and a beta of 1.09. The stock has a fifty day simple moving average of $18.32 and a two-hundred day simple moving average of $21.03. Vishay Intertechnology, Inc. has a 12 month low of $16.65 and a 12 month high of $24.72. The company has a current ratio of 2.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.38.

Vishay Intertechnology (NYSE:VSH) last posted its earnings results on Wednesday, August 7th. The semiconductor company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $741.20 million during the quarter, compared to analyst estimates of $754.71 million. Vishay Intertechnology had a return on equity of 8.72% and a net margin of 5.48%. The company’s quarterly revenue was down 16.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 EPS. Equities analysts predict that Vishay Intertechnology, Inc. will post 0.72 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 10th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Tuesday, September 10th. Vishay Intertechnology’s payout ratio is currently 32.52%.

Analysts Set New Price Targets

Separately, TD Cowen lowered 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.

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.