Eastern Bank Buys New Shares in Vishay Intertechnology, Inc. (NYSE:VSH)

Eastern Bank purchased a new position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,000 shares of the semiconductor company’s stock, valued at approximately $113,000.

Other hedge funds also recently bought and sold shares of the company. Vest Financial LLC increased its stake in shares of Vishay Intertechnology by 65.2% during the third quarter. Vest Financial LLC now owns 82,528 shares of the semiconductor company’s stock worth $1,561,000 after buying an additional 32,559 shares during the period. Twelve Points Wealth Management LLC purchased a new stake in shares of Vishay Intertechnology in the 3rd quarter valued at approximately $238,000. Hunter Perkins Capital Management LLC raised its holdings in shares of Vishay Intertechnology by 9.0% in the 3rd quarter. Hunter Perkins Capital Management LLC now owns 392,928 shares of the semiconductor company’s stock valued at $7,430,000 after purchasing an additional 32,568 shares in the last quarter. Inspire Investing LLC lifted its position in shares of Vishay Intertechnology by 38.3% during the 3rd quarter. Inspire Investing LLC now owns 21,760 shares of the semiconductor company’s stock worth $411,000 after purchasing an additional 6,022 shares during the last quarter. Finally, Matrix Trust Co acquired a new position in shares of Vishay Intertechnology during the third quarter worth $25,000. Institutional investors and hedge funds own 93.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, TD Cowen cut their price target on Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th.

Vishay Intertechnology Stock Performance

Shares of Vishay Intertechnology stock opened at $17.76 on Friday. The company has a quick ratio of 1.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.38. Vishay Intertechnology, Inc. has a 52 week low of $17.42 and a 52 week high of $24.72. The firm’s 50 day moving average is $18.72 and its two-hundred day moving average is $21.24. The firm has a market capitalization of $2.43 billion, a P/E ratio of 14.44 and a beta of 1.09.

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

Vishay Intertechnology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 10th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.25%. The ex-dividend date was Tuesday, September 10th. Vishay Intertechnology’s payout ratio is 32.52%.

About Vishay Intertechnology

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.