Freestone Grove Partners LP Buys New Position in Vishay Intertechnology, Inc. $VSH

Key Points

• Freestone Grove Partners purchased 70,113 Vishay Intertechnology shares worth approximately $3.77 million, while institutional investors collectively own 93.66% of the company.
• Analyst sentiment is mixed: Raymond James and Needham initiated positive ratings, but other firms maintained hold or underperform views. The consensus rating is “Hold,” with an average price target of $33.25.
• Vishay exceeded quarterly expectations, reporting $0.19 EPS and $918.58 million in revenue, up 16.6% year over year. The company also declared a quarterly dividend of $0.10 per share, representing a 1.3% yield.

Freestone Grove Partners LP purchased a new position in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 70,113 shares of the semiconductor company's stock, valued at approximately $3,771,000. Freestone Grove Partners LP owned 0.05% of Vishay Intertechnology as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Hsbc Holdings PLC acquired a new position in Vishay Intertechnology during the 1st quarter worth $574,000. Dimensional Fund Advisors LP increased its position in shares of Vishay Intertechnology by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,102,376 shares of the semiconductor company's stock valued at $127,830,000 after purchasing an additional 208,472 shares during the period. SummitTX Capital L.P. bought a new position in Vishay Intertechnology during the first quarter valued at about $2,555,000. Edgestream Partners L.P. boosted its stake in Vishay Intertechnology by 127.4% during the first quarter. Edgestream Partners L.P. now owns 316,191 shares of the semiconductor company's stock valued at $5,691,000 after buying an additional 177,151 shares in the last quarter. Finally, Mizuho Markets Americas LLC grew its holdings in Vishay Intertechnology by 71.0% during the first quarter. Mizuho Markets Americas LLC now owns 963,167 shares of the semiconductor company's stock worth $17,337,000 after acquiring an additional 399,800 shares during the period. Institutional investors own 93.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Raymond James Financial began coverage on shares of Vishay Intertechnology in a report on Tuesday, August 4th. They issued an "outperform" rating and a $40.00 price target for the company. Needham & Company LLC initiated coverage on shares of Vishay Intertechnology in a research note on Tuesday, August 4th. They issued a "buy" rating and a $45.00 price objective on the stock. Zacks Research downgraded shares of Vishay Intertechnology from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th. 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, Weiss Ratings reissued a "hold (c)" rating on shares of Vishay Intertechnology in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $33.25.

Vishay Intertechnology Trading Down 3.9%

Vishay Intertechnology stock opened at $30.50 on Friday. 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. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 160.53 and a beta of 1.81. The company has a 50 day moving average price of $39.84 and a 200 day moving average price of $34.06.

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

Vishay Intertechnology Announces Dividend

The firm 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 yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. Vishay Intertechnology's payout ratio is presently 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.

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