1,192,006 Shares in Vishay Intertechnology, Inc. $VSH Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management purchased 1.19 million Vishay Intertechnology shares worth approximately $38.8 million, acquiring a 0.78% stake. Institutional investors and hedge funds collectively own 93.66% of the company.
• Vishay’s latest quarterly results exceeded expectations, with earnings of $0.19 per share versus the $0.15 consensus estimate and revenue of $918.58 million. Revenue increased 16.6% year over year.
• Analyst sentiment is generally positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $36.67; however, a company director recently sold 16,575 shares under a pre-arranged trading plan.

Assenagon Asset Management S.A. purchased a new position in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,192,006 shares of the semiconductor company's stock, valued at approximately $38,800,000. Assenagon Asset Management S.A. owned approximately 0.78% of Vishay Intertechnology as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its position in Vishay Intertechnology by 212.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company's stock worth $30,000 after acquiring an additional 1,402 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new position in Vishay Intertechnology in the 2nd quarter worth approximately $32,000. Rakuten Securities Inc. purchased a new position in Vishay Intertechnology in the 2nd quarter worth approximately $47,000. Integrated Wealth Concepts LLC acquired a new position in shares of Vishay Intertechnology during the 2nd quarter worth approximately $49,000. Finally, Fortitude Family Office LLC boosted its holdings in shares of Vishay Intertechnology by 988.5% during the 3rd quarter. Fortitude Family Office LLC now owns 1,611 shares of the semiconductor company's stock worth $52,000 after purchasing an additional 1,463 shares during the last quarter. 93.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Vishay Intertechnology

In other news, Director Raanan Zilberman sold 16,575 shares of Vishay Intertechnology stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $35.82, for a total value of $593,716.50. Following the completion of the sale, the director directly owned 31,937 shares of the company's stock, valued at approximately $1,143,983.34. The trade was a 34.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.35% of the stock is currently owned by corporate insiders.

Vishay Intertechnology Stock Performance

Shares of VSH stock opened at $27.74 on Friday. The firm's 50 day moving average price is $32.40 and its 200-day moving average price is $37.49. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.80. Vishay Intertechnology, Inc. has a one year low of $11.77 and a one year high of $69.47. The firm has a market cap of $4.25 billion, a P/E ratio of 146.01, a P/E/G ratio of 3.27 and a beta of 1.79.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last posted its earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.04. The firm had revenue of $918.58 million during the quarter, compared to the consensus estimate of $897.03 million. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. The firm's revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.07) EPS. As a group, equities research analysts predict that Vishay Intertechnology, Inc. will post 0.85 EPS for the current year.

Vishay Intertechnology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Thursday, September 10th. Vishay Intertechnology's dividend payout ratio (DPR) is currently 210.53%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Needham & Company LLC began coverage on Vishay Intertechnology in a report on Tuesday, August 4th. They set a "buy" rating and a $45.00 price target on the stock. Wall Street Zen raised shares of Vishay Intertechnology from a "hold" rating to a "buy" rating in a report on Saturday, October 10th. Truist Financial began coverage on shares of Vishay Intertechnology in a research report on Thursday, September 3rd. They set a "buy" rating and a $42.00 price objective for the company. Weiss Ratings cut shares of Vishay Intertechnology from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, September 25th. Finally, Zacks Research raised shares of Vishay Intertechnology from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 5th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $36.67.

Vishay Intertechnology Profile

Vishay Intertechnology, Inc NYSE: VSH is a manufacturer of electronic components used in a broad range of electrical and electronic systems. Its portfolio includes passive components such as resistors, capacitors, inductors and sensors, as well as semiconductor products including diodes, rectifiers, MOSFETs and optoelectronic devices.

The company's products support applications in automotive, industrial, computing, telecommunications, consumer electronics, medical equipment, aerospace and defense.

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