Deutsche Bank AG Takes Position in Vishay Intertechnology, Inc. $VSH

Key Points

• Deutsche Bank acquired 565,754 Vishay Intertechnology shares worth approximately $30.4 million, representing about 0.42% of the company. Institutional investors collectively own 93.66% of VSH.
• Analyst sentiment is mixed: Raymond James and Needham issued bullish ratings with $40 and $45 price targets, while the consensus rating remains “Hold” with an average target of $33.25.
• Vishay exceeded quarterly expectations, reporting $0.19 in EPS versus a $0.15 estimate and revenue of $918.6 million, up 16.6% year over year. The company also declared a quarterly dividend of $0.10 per share.

Deutsche Bank AG acquired a new stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 565,754 shares of the semiconductor company's stock, valued at approximately $30,426,000. Deutsche Bank AG owned approximately 0.42% of Vishay Intertechnology at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Andar Capital Management HK Ltd bought a new stake in Vishay Intertechnology in the 2nd quarter worth approximately $160,000,000. Dimensional Fund Advisors LP boosted its holdings in shares of Vishay Intertechnology by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 7,102,376 shares of the semiconductor company's stock valued at $127,830,000 after acquiring an additional 208,472 shares during the period. Woodline Partners LP lifted its position in Vishay Intertechnology by 25.3% during the 3rd quarter. Woodline Partners LP now owns 6,813,765 shares of the semiconductor company's stock worth $104,251,000 after acquiring an additional 1,377,356 shares during the period. Deprince Race & Zollo Inc. increased its position in shares of Vishay Intertechnology by 8.4% in the first quarter. Deprince Race & Zollo Inc. now owns 3,181,050 shares of the semiconductor company's stock worth $57,259,000 after acquiring an additional 247,060 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Vishay Intertechnology by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,907,928 shares of the semiconductor company's stock worth $42,144,000 after acquiring an additional 10,917 shares in the last quarter. 93.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VSH has been the subject of a number of recent analyst reports. Raymond James Financial initiated 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 price target on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the stock an "underperform" rating in a research report on Thursday, May 14th. Needham & Company LLC started coverage on shares of Vishay Intertechnology in a report on Tuesday, August 4th. They issued a "buy" rating and a $45.00 price objective for the company. Zacks Research lowered shares of Vishay Intertechnology from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 20th. Finally, Wall Street Zen upgraded Vishay Intertechnology from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. One equities research 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 given a Sell rating to the stock. According to data from MarketBeat, Vishay Intertechnology has an average rating of "Hold" and an average price target of $33.25.

Vishay Intertechnology Stock Performance

Shares of NYSE VSH opened at $31.65 on Friday. The firm's 50-day moving average price is $43.02 and its two-hundred day moving average price is $33.68. Vishay Intertechnology, Inc. has a 52-week low of $11.77 and a 52-week high of $69.47. The stock has a market capitalization of $4.85 billion, a P/E ratio of 166.59 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 (NYSE:VSH - Get Free Report) last released 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 business had revenue of $918.58 million for the quarter, compared to the consensus estimate of $897.03 million. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%.Vishay Intertechnology's quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.07) earnings per share. As a group, sell-side analysts forecast that Vishay Intertechnology, Inc. will post 0.86 earnings per share for the current year.

Vishay Intertechnology Dividend Announcement

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

Vishay Intertechnology 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.

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