2,722,290 Shares in Vishay Intertechnology, Inc. $VSH Bought by Valliance Asset Management Ltd

Key Points

• Valliance Asset Management acquired 2.72 million Vishay Intertechnology shares worth approximately $146.4 million, representing about 1.77% of VSH and 16.9% of Valliance’s portfolio. Institutional investors collectively own 93.66% of the company.
• Vishay reported quarterly EPS of $0.19, exceeding the $0.15 consensus estimate, while revenue reached $918.6 million and rose 16.6% year over year. The company declared a quarterly dividend of $0.10 per share, yielding approximately 1.3% annually.
• VSH recently traded down 2.4% to $31.08, while analysts maintain a mixed outlook: the stock carries a consensus “Hold” rating and an average price target of $33.25.

Valliance Asset Management Ltd acquired a new position in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,722,290 shares of the semiconductor company's stock, valued at approximately $146,405,000. Vishay Intertechnology comprises 16.9% of Valliance Asset Management Ltd's holdings, making the stock its 5th largest position. Valliance Asset Management Ltd owned about 1.77% of Vishay Intertechnology at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in VSH. Andar Capital Management HK Ltd bought a new stake in shares of Vishay Intertechnology in the 2nd quarter valued at $160,000,000. T. Rowe Price Investment Management Inc. bought a new stake in Vishay Intertechnology in the 4th quarter valued at about $25,009,000. William Blair Investment Management LLC bought a new position in shares of Vishay Intertechnology in the second quarter worth $79,095,000. Woodline Partners LP grew its position in shares of Vishay Intertechnology by 25.3% during the 3rd quarter. Woodline Partners LP now owns 6,813,765 shares of the semiconductor company's stock valued at $104,251,000 after purchasing an additional 1,377,356 shares in the last quarter. Finally, Jain Global LLC grew its stake in Vishay Intertechnology by 841.5% in the 4th quarter. Jain Global LLC now owns 910,143 shares of the semiconductor company's stock worth $13,188,000 after buying an additional 813,472 shares in the last quarter. Institutional investors own 93.66% of the company's stock.

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Vishay Intertechnology Trading Down 2.4%

NYSE:VSH traded down $0.75 during midday trading on Friday, hitting $31.08. 730,561 shares of the company traded hands, compared to its average volume of 4,538,621. The firm's fifty day moving average is $43.58 and its 200-day moving average is $33.69. The firm has a market capitalization of $4.77 billion, a P/E ratio of 163.59 and a beta of 1.81. The company has a current ratio of 1.80, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. Vishay Intertechnology, Inc. has a 12-month low of $11.77 and a 12-month high of $69.47.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.15 by $0.04. The company had revenue of $918.58 million for 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 was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.07) EPS. On average, sell-side analysts predict that Vishay Intertechnology, Inc. will post 0.86 EPS for the current year.

Vishay Intertechnology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.3%. Vishay Intertechnology's payout ratio is presently 210.53%.

Wall Street Analyst Weigh In

Several brokerages recently commented on VSH. Raymond James Financial began coverage on shares of Vishay Intertechnology in a research note on Tuesday, August 4th. They issued an "outperform" rating and a $40.00 target price on the stock. Zacks Research downgraded Vishay Intertechnology from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 20th. Needham & Company LLC assumed coverage on shares of Vishay Intertechnology in a research report on Tuesday, August 4th. They issued a "buy" rating and a $45.00 target price for the company. Weiss Ratings upgraded Vishay Intertechnology from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, May 27th. Finally, Bank of America boosted their target price on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the company an "underperform" rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $33.25.

About Vishay Intertechnology

Vishay Intertechnology, Inc is a global manufacturer of discrete semiconductors and passive electronic components, serving a wide range of industries including industrial, automotive, computing, consumer electronics, telecommunications, medical, and military/aerospace markets. The company's portfolio encompasses resistors, capacitors, inductors, sensors, diodes, rectifiers, MOSFETs and a variety of integrated circuit solutions. Vishay's components are used in power management, signal conditioning, circuit protection and sensing applications, supporting both standard and custom designs for original equipment manufacturers worldwide.

Originally founded in 1962 by Dr.

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