Live Oak Private Wealth LLC Has $9.33 Million Stock Position in Vishay Intertechnology, Inc. $VSH

Key Points

• Live Oak Private Wealth reduced its Vishay Intertechnology stake by 58.1% in the second quarter, selling 240,330 shares and retaining 173,415 shares worth approximately $9.33 million.
• Vishay reported quarterly EPS of $0.19, beating estimates of $0.15, while revenue rose 16.6% year over year to $918.58 million, above expectations.
• The company declared a quarterly dividend of $0.10 per share, equivalent to an annualized $0.40 and a 1.3% yield. Analysts maintain an average “Hold” rating with a $33.25 price target.

Live Oak Private Wealth LLC lowered its holdings in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 58.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 173,415 shares of the semiconductor company's stock after selling 240,330 shares during the period. Vishay Intertechnology comprises 1.2% of Live Oak Private Wealth LLC's holdings, making the stock its 26th largest holding. Live Oak Private Wealth LLC owned about 0.11% of Vishay Intertechnology worth $9,326,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of VSH. Rockefeller Capital Management L.P. increased its holdings in Vishay Intertechnology by 212.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 1,402 shares during the period. Carolina Wealth Advisors LLC bought a new position in Vishay Intertechnology during the 2nd quarter worth $32,000. Quarry LP acquired a new position in Vishay Intertechnology during the 3rd quarter worth about $39,000. Rakuten Securities Inc. acquired a new position in Vishay Intertechnology during the 2nd quarter worth about $47,000. Finally, Allworth Financial LP bought a new stake in shares of Vishay Intertechnology in the 2nd quarter valued at about $54,000. Institutional investors and hedge funds own 93.66% of the company's stock.

Vishay Intertechnology Price Performance

VSH stock opened at $29.65 on Wednesday. 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 moving average is $38.58 and its 200-day moving average is $34.30. The stock has a market capitalization of $4.55 billion, a PE ratio of 156.06, a price-to-earnings-growth ratio of 3.55 and a beta of 1.80. Vishay Intertechnology, Inc. has a 1 year low of $11.77 and a 1 year high of $69.47.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last posted its quarterly 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 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%.The firm's revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.07) EPS. Equities research analysts expect that Vishay Intertechnology, Inc. will post 0.86 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The company also recently announced 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 of this dividend is Thursday, September 10th. Vishay Intertechnology's dividend payout ratio is presently 210.53%.

Analyst Ratings Changes

VSH has been the subject of several recent research reports. Wall Street Zen raised Vishay Intertechnology from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Vishay Intertechnology in a research note on Monday, August 24th. Zacks Research cut Vishay Intertechnology from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th. Raymond James Financial initiated coverage on shares of Vishay Intertechnology in a research report on Tuesday, August 4th. They set an "outperform" rating and a $40.00 target price for the company. Finally, Bank of America raised their price target 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. One investment 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 given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price 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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