Concurrent Investment Advisors LLC Makes New Investment in Vishay Intertechnology, Inc. $VSH

Key Points

• Concurrent Investment Advisors purchased 50,583 shares of Vishay Intertechnology valued at approximately $2.72 million, while institutional investors collectively own 93.66% of the company.
• Vishay exceeded quarterly expectations, reporting $0.19 EPS versus the $0.15 consensus estimate and revenue of $918.58 million, up 16.6% year over year.
• Analyst sentiment is broadly positive, with a “Moderate Buy” consensus and a $35 average price target; the company also declared a quarterly dividend of $0.10 per share, yielding about 1.3%.

Concurrent Investment Advisors LLC purchased a new stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 50,583 shares of the semiconductor company's stock, valued at approximately $2,720,000.

Other hedge funds have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. increased its holdings in shares of Vishay Intertechnology by 212.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 1,402 shares during the period. Carolina Wealth Advisors LLC bought a new position in Vishay Intertechnology during the second quarter valued at about $32,000. Quarry LP acquired a new stake in Vishay Intertechnology in the 3rd quarter worth approximately $39,000. Rakuten Securities Inc. acquired a new stake in shares of Vishay Intertechnology in the second quarter worth $47,000. Finally, Allworth Financial LP acquired a new position in Vishay Intertechnology in the 2nd quarter valued at $54,000. 93.66% of the stock is owned by hedge funds and other institutional investors.

Vishay Intertechnology Stock Performance

Shares of Vishay Intertechnology stock opened at $31.41 on Wednesday. The firm has a fifty day moving average of $36.08 and a two-hundred day moving average of $34.73. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 165.30, a PEG ratio of 3.74 and a beta of 1.80. Vishay Intertechnology, Inc. has a 52 week low of $11.77 and a 52 week high of $69.47. 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 (NYSE:VSH - Get Free Report) last posted 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. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%.The company had revenue of $918.58 million for the quarter, compared to the consensus estimate of $897.03 million. During the same quarter in the prior year, the business posted ($0.07) EPS. The firm's quarterly revenue was up 16.6% on a year-over-year basis. As a group, equities research analysts predict that Vishay Intertechnology, Inc. will post 0.85 EPS for the current year.

Vishay Intertechnology Dividend Announcement

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 dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.40 annualized dividend and a yield of 1.3%. Vishay Intertechnology's dividend payout ratio (DPR) is presently 210.53%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VSH. Bank of America raised their price target on Vishay Intertechnology from $18.00 to $28.00 and gave the company an "underperform" rating in a research report on Thursday, May 14th. Truist Financial assumed coverage on shares of Vishay Intertechnology in a research note on Thursday, September 3rd. They issued a "buy" rating and a $42.00 price objective for the company. Raymond James Financial assumed coverage on Vishay Intertechnology in a report on Tuesday, August 4th. They issued an "outperform" rating and a $40.00 target price for the company. Needham & Company LLC began coverage on shares of Vishay Intertechnology in a report on Tuesday, August 4th. They set a "buy" rating and a $45.00 price target for the company. Finally, Wall Street Zen downgraded Vishay Intertechnology from a "buy" rating to a "hold" rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $35.00.

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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