M&G Plc Purchases Shares of 261,551 Vishay Intertechnology, Inc. (NYSE:VSH)

M&G Plc purchased a new stake in Vishay Intertechnology, Inc. (NYSE:VSH) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 261,551 shares of the semiconductor company’s stock, valued at approximately $6,016,000. M&G Plc owned 0.19% of Vishay Intertechnology at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC bought a new position in shares of Vishay Intertechnology during the 1st quarter worth about $27,000. Bell Investment Advisors Inc increased its position in shares of Vishay Intertechnology by 122.5% during the 1st quarter. Bell Investment Advisors Inc now owns 1,424 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 784 shares in the last quarter. Headlands Technologies LLC increased its position in shares of Vishay Intertechnology by 95.7% during the 1st quarter. Headlands Technologies LLC now owns 1,583 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 774 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Vishay Intertechnology during the 4th quarter worth about $48,000. Finally, Hexagon Capital Partners LLC increased its position in shares of Vishay Intertechnology by 183.8% during the 4th quarter. Hexagon Capital Partners LLC now owns 2,123 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 1,375 shares in the last quarter. 93.66% of the stock is owned by institutional investors.

Insider Buying and Selling at Vishay Intertechnology

In related news, Director John Malvisi acquired 8,929 shares of the stock in a transaction on Friday, May 10th. The stock was purchased at an average price of $22.60 per share, for a total transaction of $201,795.40. Following the transaction, the director now owns 16,438 shares of the company’s stock, valued at approximately $371,498.80. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 8.14% of the company’s stock.

Vishay Intertechnology Price Performance

Shares of Vishay Intertechnology stock traded down $0.42 during mid-day trading on Friday, reaching $23.53. 883,900 shares of the stock were exchanged, compared to its average volume of 891,571. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 13.52 and a beta of 1.12. The company has a current ratio of 3.02, a quick ratio of 2.08 and a debt-to-equity ratio of 0.37. The firm has a 50-day simple moving average of $23.00 and a 200 day simple moving average of $22.49. Vishay Intertechnology, Inc. has a fifty-two week low of $20.83 and a fifty-two week high of $29.40.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data on Wednesday, May 8th. The semiconductor company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. The firm had revenue of $746.30 million during the quarter, compared to analysts’ expectations of $735.96 million. Vishay Intertechnology had a net margin of 7.41% and a return on equity of 11.95%. The company’s quarterly revenue was down 14.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.79 EPS. On average, sell-side analysts predict that Vishay Intertechnology, Inc. will post 0.87 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.70%. The ex-dividend date was Thursday, June 13th. Vishay Intertechnology’s payout ratio is presently 22.99%.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus reiterated a “buy” rating and set a $25.00 target price on shares of Vishay Intertechnology in a research report on Wednesday, April 3rd.

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.