Hennessy Advisors Inc. Takes Position in Vishay Intertechnology, Inc. $VSH

Key Points

• Hennessy Advisors acquired 320,100 shares of Vishay Intertechnology in the second quarter, valued at approximately $17.2 million and representing about 0.21% of the company. Institutional investors collectively own 93.66% of VSH.
• Vishay reported quarterly EPS of $0.19, beating estimates of $0.15, while revenue reached $918.6 million and rose 16.6% year over year. The company also declared a quarterly dividend of $0.10 per share.
• VSH opened at $30.50, down 3.9%, amid mixed analyst sentiment. The stock carries an overall “Hold” rating with an average price target of $33.25.

Hennessy Advisors Inc. acquired a new stake in shares of 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. The institutional investor acquired 320,100 shares of the semiconductor company's stock, valued at approximately $17,215,000. Hennessy Advisors Inc. owned about 0.21% of Vishay Intertechnology as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of VSH. Carolina Wealth Advisors LLC bought a new position in Vishay Intertechnology in the second quarter worth about $32,000. Rakuten Securities Inc. acquired a new position in Vishay Intertechnology during the 2nd quarter worth $47,000. Allworth Financial LP acquired a new stake in Vishay Intertechnology in the second quarter worth about $54,000. EFG International AG acquired a new stake in shares of Vishay Intertechnology in the 2nd quarter worth approximately $72,000. Finally, Rockefeller Capital Management L.P. lifted its stake 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 worth $30,000 after acquiring an additional 1,402 shares during the period. Institutional investors and hedge funds own 93.66% of the company's stock.

Analyst Upgrades and Downgrades

VSH has been the topic of a number of research analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Vishay Intertechnology in a research note on Monday, August 24th. Wall Street Zen raised Vishay Intertechnology from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Zacks Research cut Vishay Intertechnology from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 20th. Needham & Company LLC started coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They set a "buy" rating and a $45.00 price target on the stock. Finally, Bank of America boosted their price objective on Vishay Intertechnology from $18.00 to $28.00 and gave the stock an "underperform" rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $33.25.

Vishay Intertechnology Stock Down 3.9%

NYSE VSH opened at $30.50 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.80 and a quick ratio of 1.27. The company's 50 day simple moving average is $39.84 and its 200 day simple moving average is $34.06. Vishay Intertechnology, Inc. has a 12 month low of $11.77 and a 12 month high of $69.47. The company has a market capitalization of $4.68 billion, a P/E ratio of 160.53 and a beta of 1.81.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last released its earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.15 by $0.04. The business had revenue of $918.58 million during 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%. The business's quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.07) earnings per share. Equities research analysts expect that Vishay Intertechnology, Inc. will post 0.86 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

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

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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