Nuveen Asset Management LLC Has $21.41 Million Position in Vishay Intertechnology, Inc. (VSH)

Nuveen Asset Management LLC boosted its stake in Vishay Intertechnology, Inc. (NYSE:VSH) by 17.7% during the first quarter, Holdings Channel reports. The fund owned 1,301,712 shares of the semiconductor company’s stock after buying an additional 195,924 shares during the period. Nuveen Asset Management LLC’s holdings in Vishay Intertechnology were worth $21,413,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Elkfork Partners LLC boosted its stake in Vishay Intertechnology by 7.4% in the first quarter. Elkfork Partners LLC now owns 7,700 shares of the semiconductor company’s stock valued at $127,000 after buying an additional 532 shares during the last quarter. Camarda Financial Advisors LLC purchased a new stake in Vishay Intertechnology during the first quarter valued at approximately $1,657,000. Two Sigma Investments LP purchased a new stake in Vishay Intertechnology during the fourth quarter valued at approximately $6,507,000. Acadian Asset Management LLC purchased a new stake in Vishay Intertechnology during the first quarter valued at approximately $3,405,000. Finally, Camelot Portfolios LLC purchased a new stake in Vishay Intertechnology during the first quarter valued at approximately $303,000.

Vishay Intertechnology, Inc. (VSH) traded down 0.150% during mid-day trading on Friday, reaching $16.625. 93,304 shares of the company’s stock traded hands. Vishay Intertechnology, Inc. has a 52-week low of $11.68 and a 52-week high of $17.60. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 43.521 and a beta of 1.11. The company has a 50-day moving average of $16.59 and a 200-day moving average of $16.35.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Wednesday, May 3rd. The semiconductor company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.05. The firm had revenue of $606 million for the quarter, compared to analyst estimates of $598.72 million. Vishay Intertechnology had a net margin of 2.44% and a return on equity of 8.68%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.19 EPS. Equities research analysts expect that Vishay Intertechnology, Inc. will post $1.20 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 29th. Stockholders of record on Thursday, June 15th were paid a dividend of $0.0625 per share. The ex-dividend date was Tuesday, June 13th. This represents a $0.25 annualized dividend and a dividend yield of 1.50%. Vishay Intertechnology’s dividend payout ratio (DPR) is 67.57%.

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VSH has been the subject of several recent analyst reports. BidaskClub cut shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Zacks Investment Research cut shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research note on Saturday, May 6th. Finally, ValuEngine raised shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $16.50.

In other news, insider Gerald Paul sold 77,334 shares of the stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $16.56, for a total transaction of $1,280,651.04. Following the transaction, the insider now owns 340,320 shares in the company, valued at approximately $5,635,699.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 7.91% of the company’s stock.

About Vishay Intertechnology

Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five product segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors and Capacitors. MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs.

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