Jupiter Topco LLC Acquires Shares of 54,712 Vishay Intertechnology, Inc. $VSH

Key Points

• Jupiter Topco LLC acquired 54,712 shares of Vishay Intertechnology during the second quarter, valued at approximately $2.94 million. Institutional investors collectively own 93.66% of the company.
• Vishay reported quarterly EPS of $0.19, beating estimates of $0.15, while revenue rose 16.6% year over year to $918.58 million. The company also declared a quarterly dividend of $0.10 per share, representing a 1.3% yield.
• VSH opened at $30.64, below its 50-day average of $38.09, while analysts’ consensus rating remains “Hold” with an average price target of $33.25; individual targets range from $40 to $45.

Jupiter Topco LLC bought a new position in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 54,712 shares of the semiconductor company's stock, valued at approximately $2,942,000.

Several other institutional investors and hedge funds have also made changes to their positions in VSH. Carolina Wealth Advisors LLC purchased a new stake in shares of Vishay Intertechnology during the second quarter valued at $32,000. Rakuten Securities Inc. purchased a new position in Vishay Intertechnology in the 2nd quarter worth about $47,000. Allworth Financial LP bought a new stake in Vishay Intertechnology during the 2nd quarter valued at about $54,000. EFG International AG bought a new stake in Vishay Intertechnology during the 2nd quarter valued at about $72,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in Vishay Intertechnology by 212.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company's stock valued at $30,000 after buying an additional 1,402 shares in the last quarter. 93.66% of the stock is currently owned by institutional investors.

Vishay Intertechnology Price Performance

NYSE VSH opened at $30.64 on Thursday. The firm's fifty day simple moving average is $38.09 and its two-hundred day simple moving average is $34.38. The firm has a market capitalization of $4.70 billion, a P/E ratio of 161.26, a P/E/G ratio of 3.46 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.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $918.58 million during the quarter, compared to analyst estimates of $897.03 million. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%.The business's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.07) EPS. Analysts forecast that Vishay Intertechnology, Inc. will post 0.86 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The firm also recently announced 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 dividend payout ratio is currently 210.53%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Raymond James Financial began coverage on shares of Vishay Intertechnology in a research note on Tuesday, August 4th. They issued an "outperform" rating and a $40.00 target price on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Vishay Intertechnology in a research note on Monday, August 24th. Needham & Company LLC started coverage on Vishay Intertechnology in a report on Tuesday, August 4th. They issued a "buy" rating and a $45.00 price target for the company. Wall Street Zen raised Vishay Intertechnology from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, Zacks Research cut Vishay Intertechnology from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 20th. One research 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. According to MarketBeat.com, Vishay Intertechnology has an average rating of "Hold" and a consensus price target of $33.25.

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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