MetLife Investment Management LLC Sells 1,779 Shares of Vishay Intertechnology, Inc. (NYSE:VSH)

Posted by Defense World Staff on Feb 26th, 2023

MetLife Investment Management LLC reduced its stake in Vishay Intertechnology, Inc. (NYSE:VSH – Get Rating) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,224 shares of the semiconductor company’s stock after selling 1,779 shares during the period. MetLife Investment Management LLC owned 0.11% of Vishay Intertechnology worth $2,708,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Los Angeles Capital Management LLC bought a new position in Vishay Intertechnology in the third quarter worth about $439,000. Rhumbline Advisers raised its stake in Vishay Intertechnology by 7.9% in the second quarter. Rhumbline Advisers now owns 487,398 shares of the semiconductor company’s stock worth $8,685,000 after buying an additional 35,862 shares in the last quarter. US Bancorp DE increased its stake in shares of Vishay Intertechnology by 139.7% during the second quarter. US Bancorp DE now owns 19,680 shares of the semiconductor company’s stock valued at $350,000 after purchasing an additional 11,469 shares in the last quarter. Janiczek Wealth Management LLC increased its stake in shares of Vishay Intertechnology by 32.5% during the third quarter. Janiczek Wealth Management LLC now owns 3,224 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 791 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of Vishay Intertechnology by 339.5% during the third quarter. Teacher Retirement System of Texas now owns 97,018 shares of the semiconductor company’s stock valued at $1,726,000 after purchasing an additional 74,943 shares in the last quarter. 84.64% of the stock is owned by institutional investors.

Insider Activity

In other news, Chairman Marc Zandman sold 23,834 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $21.06, for a total transaction of $501,944.04. Following the sale, the chairman now owns 35,552 shares in the company, valued at $748,725.12. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 8.03% of the company’s stock.

Vishay Intertechnology Price Performance

Shares of NYSE VSH opened at $21.13 on Friday. Vishay Intertechnology, Inc. has a fifty-two week low of $16.73 and a fifty-two week high of $24.48. The company has a 50 day simple moving average of $22.04 and a two-hundred day simple moving average of $21.02. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 7.09 and a beta of 1.32. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.07 and a current ratio of 2.92.

Vishay Intertechnology (NYSE:VSH – Get Rating) last posted its quarterly earnings results on Wednesday, February 8th. The semiconductor company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.09). Vishay Intertechnology had a net margin of 12.26% and a return on equity of 23.89%. The firm had revenue of $855.30 million for the quarter, compared to analysts’ expectations of $882.63 million. During the same quarter in the previous year, the company earned $0.62 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. Analysts expect that Vishay Intertechnology, Inc. will post 2.11 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Friday, March 17th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, March 16th. Vishay Intertechnology’s payout ratio is 13.42%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research note on Friday, February 17th.

About Vishay Intertechnology

(Get Rating)

Vishay Intertechnology, Inc engages in the manufacture and distribution of discrete semiconductors and passive components. It operates through the following segments: MOSFET (metal oxide semiconductor field-effect transistor), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors. The MOSFET segment offers semiconductors which function as solid state switches to control power.