Maxi Investments CY Ltd purchased a new stake in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 66,550 shares of the semiconductor company's stock, valued at approximately $3,579,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its holdings 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 valued at $30,000 after buying an additional 1,402 shares during the period. Carolina Wealth Advisors LLC purchased a new position in Vishay Intertechnology during the second quarter valued at approximately $32,000. Quarry LP acquired a new position in Vishay Intertechnology in the third quarter valued at approximately $39,000. Rakuten Securities Inc. acquired a new position in Vishay Intertechnology in the second quarter valued at approximately $47,000. Finally, Allworth Financial LP purchased a new stake in Vishay Intertechnology in the 2nd quarter worth approximately $54,000. 93.66% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
VSH has been the topic of a number of analyst reports. Wall Street Zen raised shares of Vishay Intertechnology from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Needham & Company LLC assumed coverage on shares of Vishay Intertechnology in a research note on Tuesday, August 4th. They issued a "buy" rating and a $45.00 target price for the company. Weiss Ratings raised shares of Vishay Intertechnology from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, May 27th. Bank of America raised their price target on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the company an "underperform" rating in a research report on Thursday, May 14th. Finally, Raymond James Financial assumed coverage on shares of Vishay Intertechnology in a report on Tuesday, August 4th. They issued an "outperform" rating and a $40.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $33.25.
Check Out Our Latest Stock Analysis on Vishay Intertechnology
Vishay Intertechnology Stock Performance
Shares of VSH stock opened at $31.65 on Monday. The company has a market capitalization of $4.85 billion, a P/E ratio of 166.59 and a beta of 1.81. The business's 50 day moving average is $43.02 and its two-hundred day moving average is $33.77. 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 posted its quarterly earnings data 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 business 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% compared to the same quarter last year. During the same period last year, the firm posted ($0.07) earnings per share. Analysts expect that Vishay Intertechnology, Inc. will post 0.86 EPS for the current fiscal year.
Vishay Intertechnology Dividend Announcement
The business also recently disclosed 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. The ex-dividend date is Thursday, September 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. Vishay Intertechnology's dividend payout ratio (DPR) is presently 210.53%.
Vishay Intertechnology Profile
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Free Report)
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.
See Also
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