Legal & General Group Plc Sells 13,284 Shares of Vishay Intertechnology, Inc. $VSH

Legal & General Group Plc reduced its stake in Vishay Intertechnology, Inc. (NYSE:VSH) by 4.0% during the 4th quarter, HoldingsChannel reports. The fund owned 316,669 shares of the semiconductor company’s stock after selling 13,284 shares during the quarter. Legal & General Group Plc’s holdings in Vishay Intertechnology were worth $4,589,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in VSH. Woodline Partners LP lifted its position in Vishay Intertechnology by 25.3% in the 3rd quarter. Woodline Partners LP now owns 6,813,765 shares of the semiconductor company’s stock valued at $104,251,000 after acquiring an additional 1,377,356 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in Vishay Intertechnology in the 3rd quarter valued at $12,306,000. Two Sigma Investments LP lifted its position in Vishay Intertechnology by 1,440.5% in the 3rd quarter. Two Sigma Investments LP now owns 844,508 shares of the semiconductor company’s stock valued at $12,921,000 after acquiring an additional 789,686 shares in the last quarter. UBS Group AG increased its stake in Vishay Intertechnology by 173.0% in the 4th quarter. UBS Group AG now owns 995,668 shares of the semiconductor company’s stock valued at $14,427,000 after buying an additional 630,917 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Vishay Intertechnology during the 3rd quarter worth about $7,687,000. 93.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VSH has been the topic of several analyst reports. Wall Street Zen cut shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings raised shares of Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Bank of America boosted their price target on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a research report on Thursday, May 14th. Zacks Research raised shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Finally, Argus raised shares of Vishay Intertechnology to a “strong-buy” rating in a research report on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Vishay Intertechnology Stock Up 0.1%

Vishay Intertechnology stock opened at $57.24 on Tuesday. The firm has a market capitalization of $7.79 billion, a PE ratio of 5,723.50 and a beta of 1.76. The company’s 50-day moving average is $34.17 and its 200-day moving average is $22.99. Vishay Intertechnology, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $66.24. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.64 and a quick ratio of 1.53.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Wednesday, May 13th. The semiconductor company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $839.24 million for the quarter, compared to analyst estimates of $823.54 million. Vishay Intertechnology had a net margin of 0.07% and a return on equity of 0.22%. Vishay Intertechnology’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.03) EPS. Sell-side analysts anticipate that Vishay Intertechnology, Inc. will post 0.75 earnings per share for the current year.

Vishay Intertechnology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Thursday, June 18th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, June 18th. This represents a $0.40 annualized dividend and a dividend yield of 0.7%. Vishay Intertechnology’s payout ratio is currently 4,000.00%.

About Vishay Intertechnology

Vishay Intertechnology, Inc is a global manufacturer of discrete semiconductors and passive electronic components, serving a wide range of industries including industrial, automotive, computing, consumer electronics, telecommunications, medical, and military/aerospace markets. The company’s portfolio encompasses resistors, capacitors, inductors, sensors, diodes, rectifiers, MOSFETs and a variety of integrated circuit solutions. Vishay’s components are used in power management, signal conditioning, circuit protection and sensing applications, supporting both standard and custom designs for original equipment manufacturers worldwide.

Originally founded in 1962 by Dr.