Meridian Wealth Management LLC Invests $207,000 in Vishay Intertechnology, Inc. (NYSE:VSH)

Meridian Wealth Management LLC purchased a new stake in Vishay Intertechnology, Inc. (NYSE:VSH) in the 3rd quarter, HoldingsChannel reports. The fund purchased 10,937 shares of the semiconductor company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of VSH. Vanguard Group Inc. lifted its stake in shares of Vishay Intertechnology by 5.0% in the first quarter. Vanguard Group Inc. now owns 14,919,132 shares of the semiconductor company’s stock valued at $338,366,000 after buying an additional 714,275 shares in the last quarter. Deprince Race & Zollo Inc. lifted its position in Vishay Intertechnology by 94.0% in 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 acquiring an additional 1,516,368 shares in the last quarter. American Century Companies Inc. boosted its stake in Vishay Intertechnology by 12.7% during the 2nd quarter. American Century Companies Inc. now owns 3,109,768 shares of the semiconductor company’s stock valued at $69,348,000 after purchasing an additional 350,512 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Vishay Intertechnology by 1.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,573,745 shares of the semiconductor company’s stock worth $48,669,000 after purchasing an additional 30,515 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Vishay Intertechnology by 17.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,709,994 shares of the semiconductor company’s stock worth $32,336,000 after purchasing an additional 248,741 shares during the last quarter. Institutional investors own 93.66% of the company’s stock.

Vishay Intertechnology Price Performance

Shares of NYSE VSH opened at $17.13 on Tuesday. The company has a market capitalization of $2.33 billion, a PE ratio of 27.63 and a beta of 1.09. The company has a quick ratio of 1.85, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average price is $17.57 and its 200-day moving average price is $20.40. Vishay Intertechnology, Inc. has a twelve month low of $14.95 and a twelve month high of $24.72.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.06). Vishay Intertechnology had a return on equity of 5.35% and a net margin of 2.88%. The business had revenue of $735.35 million during the quarter, compared to analysts’ expectations of $748.84 million. During the same period in the prior year, the firm posted $0.60 EPS. The firm’s revenue for the quarter was down 13.9% on a year-over-year basis. On average, equities analysts anticipate that Vishay Intertechnology, Inc. will post 0.55 EPS for the current year.

Vishay Intertechnology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Tuesday, December 3rd. Vishay Intertechnology’s dividend payout ratio is 64.52%.

Analyst Ratings Changes

VSH has been the topic of several analyst reports. TD Cowen cut their target price on Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. StockNews.com upgraded shares of Vishay Intertechnology from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th.

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.