294,737 Shares in Vishay Intertechnology, Inc. $VSH Purchased by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management purchased 294,737 Vishay Intertechnology shares worth approximately $15.85 million, giving it a 0.22% stake. Institutional investors collectively own 93.66% of the company.
• Vishay reported quarterly EPS of $0.19, beating estimates of $0.15, while revenue rose 16.6% year over year to $918.58 million. The company also declared a quarterly dividend of $0.10 per share, representing a 1.3% annualized yield.
• VSH opened at $31.39, below its 50-day moving average of $41.78, while analysts’ average rating remains Hold with a $33.25 price target.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 294,737 shares of the semiconductor company's stock, valued at approximately $15,851,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.22% of Vishay Intertechnology at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Twin Tree Management LP bought a new stake in Vishay Intertechnology in the 2nd quarter worth approximately $1,695,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Vishay Intertechnology during the 2nd quarter worth approximately $118,000. Quantbot Technologies LP bought a new position in shares of Vishay Intertechnology during the 2nd quarter valued at approximately $1,214,000. William Blair Investment Management LLC bought a new position in shares of Vishay Intertechnology during the 2nd quarter valued at approximately $79,095,000. Finally, Avanda Investment Management Pte. Ltd. purchased a new position in shares of Vishay Intertechnology in the second quarter valued at $904,000. Hedge funds and other institutional investors own 93.66% of the company's stock.

Vishay Intertechnology Price Performance

VSH opened at $31.39 on Wednesday. The business has a fifty day moving average of $41.78 and a 200 day moving average of $33.92. The stock has a market cap of $4.81 billion, a P/E ratio of 165.19 and a beta of 1.81. The company has a quick ratio of 1.27, a current ratio of 1.80 and a debt-to-equity ratio of 0.08. Vishay Intertechnology, Inc. has a 52-week low of $11.77 and a 52-week high of $69.47.

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

Vishay Intertechnology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be issued 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 yield of 1.3%. Vishay Intertechnology's dividend payout ratio (DPR) is presently 210.53%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VSH. Weiss Ratings upgraded shares of Vishay Intertechnology from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, May 27th. Zacks Research lowered shares of Vishay Intertechnology from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 20th. 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 price objective for the company. Bank of America boosted their target price on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the stock an "underperform" rating in a report on Thursday, May 14th. Finally, Wall Street Zen upgraded shares of Vishay Intertechnology from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently 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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