Bank of New York Mellon Corp Invests $41.63 Million in Vishay Intertechnology, Inc. $VSH

Key Points

• Bank of New York Mellon acquired 774,065 shares of Vishay Intertechnology worth approximately $41.63 million, giving it a 0.57% stake. Institutional investors collectively own 93.66% of the company.
• Analyst sentiment remains mixed, with Vishay holding an average “Hold” rating and an average price target of $33.25; individual targets range from $28 to $40.
• Vishay reported quarterly EPS of $0.19, exceeding estimates by $0.04, while revenue rose 16.6% year over year to $918.58 million. The company also declared a quarterly dividend of $0.10 per share, implying a 1.3% yield.

Bank of New York Mellon Corp purchased a new stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 774,065 shares of the semiconductor company's stock, valued at approximately $41,629,000. Bank of New York Mellon Corp owned 0.57% of Vishay Intertechnology as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada increased its position in shares of Vishay Intertechnology by 26.6% during the 1st quarter. Royal Bank of Canada now owns 71,823 shares of the semiconductor company's stock valued at $1,142,000 after purchasing an additional 15,079 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Vishay Intertechnology by 3.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,123 shares of the semiconductor company's stock valued at $1,179,000 after buying an additional 2,250 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Vishay Intertechnology by 5.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 250,154 shares of the semiconductor company's stock valued at $3,977,000 after acquiring an additional 12,547 shares in the last quarter. AXA S.A. lifted its holdings in shares of Vishay Intertechnology by 13.5% in the 2nd quarter. AXA S.A. now owns 176,254 shares of the semiconductor company's stock worth $2,799,000 after buying an additional 20,950 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in Vishay Intertechnology by 132.4% in the second quarter. Quantinno Capital Management LP now owns 52,791 shares of the semiconductor company's stock worth $838,000 after acquiring an additional 30,075 shares during the period. Institutional investors own 93.66% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on VSH. Raymond James Financial initiated coverage on shares of Vishay Intertechnology in a report on Tuesday, August 4th. They issued an "outperform" rating and a $40.00 price target on the stock. Zacks Research lowered shares of Vishay Intertechnology from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th. Weiss Ratings restated a "hold (c)" rating on shares of Vishay Intertechnology in a research note on Monday. Bank of America lifted their price target on Vishay Intertechnology from $18.00 to $28.00 and gave the stock an "underperform" rating in a research report on Thursday, May 14th. Finally, Wall Street Zen upgraded Vishay Intertechnology from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Vishay Intertechnology currently has an average rating of "Hold" and an average price target of $33.25.

Vishay Intertechnology Stock Down 3.9%

VSH stock opened at $30.50 on Friday. The stock has a market capitalization of $4.68 billion, a P/E ratio of 160.53 and a beta of 1.81. The firm has a 50-day simple moving average of $39.84 and a 200-day simple moving average of $34.06. 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 quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.04. The firm had revenue of $918.58 million for 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%. Vishay Intertechnology's quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the company posted ($0.07) EPS. Equities analysts forecast that Vishay Intertechnology, Inc. will post 0.86 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. Vishay Intertechnology's dividend payout ratio is currently 210.53%.

Vishay Intertechnology Company Profile

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.

Want to see what other hedge funds are holding VSH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vishay Intertechnology, Inc. (NYSE:VSH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.