Engineers Gate Manager LP Purchases 34,851 Shares of Vishay Intertechnology, Inc. $VSH

Engineers Gate Manager LP grew its position in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 39.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,584 shares of the semiconductor company's stock after purchasing an additional 34,851 shares during the period. Engineers Gate Manager LP owned approximately 0.08% of Vishay Intertechnology worth $6,593,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in VSH. Integrated Wealth Concepts LLC bought a new stake in Vishay Intertechnology during the second quarter valued at $49,000. NewEdge Advisors LLC boosted its position in shares of Vishay Intertechnology by 19.9% during the 2nd quarter. NewEdge Advisors LLC now owns 210,330 shares of the semiconductor company's stock valued at $11,312,000 after acquiring an additional 34,918 shares during the last quarter. BayBridge Capital Group LLC bought a new stake in shares of Vishay Intertechnology during the 2nd quarter valued at about $541,000. Arizona State Retirement System grew its holdings in shares of Vishay Intertechnology by 9.2% during the second quarter. Arizona State Retirement System now owns 33,362 shares of the semiconductor company's stock worth $1,794,000 after purchasing an additional 2,819 shares in the last quarter. Finally, Corient Private Wealth LP purchased a new position in shares of Vishay Intertechnology during the second quarter worth about $801,000. Institutional investors own 93.66% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Vishay Intertechnology in a research report on Monday, August 24th. Needham & Company LLC started coverage on shares of Vishay Intertechnology in a research report on Tuesday, August 4th. They set a "buy" rating and a $45.00 target price for the company. Wall Street Zen cut shares of Vishay Intertechnology from a "buy" rating to a "hold" rating in a research note on Saturday, September 5th. Truist Financial assumed coverage on shares of Vishay Intertechnology in a report on Thursday, September 3rd. They issued a "buy" rating and a $42.00 price target on the stock. Finally, Zacks Research cut shares of Vishay Intertechnology from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Vishay Intertechnology currently has an average rating of "Moderate Buy" and a consensus target price of $35.00.

Vishay Intertechnology Price Performance

Shares of Vishay Intertechnology stock opened at $33.26 on Friday. The firm has a market capitalization of $5.10 billion, a PE ratio of 175.04, a price-to-earnings-growth ratio of 3.68 and a beta of 1.80. 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. The business's 50-day moving average price is $35.14 and its 200-day moving average price is $34.89.

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 for the quarter, topping analysts' consensus estimates of $0.15 by $0.04. The company had revenue of $918.58 million during 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.07) EPS. Sell-side analysts forecast that Vishay Intertechnology, Inc. will post 0.85 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 10th. Vishay Intertechnology's payout ratio is 210.53%.

About Vishay Intertechnology

Vishay Intertechnology, Inc NYSE: VSH is a global manufacturer of electronic components used in a wide range of electrical and electronic systems. The company's portfolio includes discrete semiconductors and passive components, such as diodes, MOSFETs, optoelectronic devices, resistors, capacitors, inductors, sensors, and transducers.

Vishay's products are designed to support power management, signal processing, sensing, connectivity, and energy conversion applications. Its components are used in automotive systems, industrial equipment, computing and telecommunications hardware, consumer electronics, medical devices, aerospace and defense systems, and renewable energy and other infrastructure applications.

The company was founded in 1962 by physicist and inventor Felix Zandman and is headquartered in Malvern, Pennsylvania.

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