NewEdge Advisors LLC Boosts Holdings in Vishay Intertechnology, Inc. $VSH

Key Points

• NewEdge Advisors increased its Vishay Intertechnology stake by 19.9% in the second quarter, adding 34,918 shares for a total of 210,330 shares valued at approximately $11.3 million. Institutional investors and hedge funds collectively own 93.66% of the company.
• Analyst sentiment remains moderately positive, with MarketBeat reporting a consensus “Moderate Buy” rating and an average price target of $35.00, despite recent downgrades by Zacks Research and Wall Street Zen.
• Vishay exceeded quarterly earnings expectations, reporting $0.19 EPS and $918.6 million in revenue, up 16.6% year over year. The company also declared a quarterly dividend of $0.10 per share, equivalent to a 1.2% annual yield.

NewEdge Advisors LLC increased its position in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 19.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 210,330 shares of the semiconductor company's stock after purchasing an additional 34,918 shares during the period. NewEdge Advisors LLC owned 0.14% of Vishay Intertechnology worth $11,312,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in VSH. Rockefeller Capital Management L.P. boosted its holdings in shares of 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 acquiring an additional 1,402 shares during the period. Carolina Wealth Advisors LLC acquired a new position in shares of Vishay Intertechnology in the 2nd quarter valued at $32,000. Quarry LP acquired a new position in shares of Vishay Intertechnology in the 3rd quarter valued at $39,000. Rakuten Securities Inc. purchased a new stake in Vishay Intertechnology in the 2nd quarter valued at $47,000. Finally, Allworth Financial LP purchased a new stake in Vishay Intertechnology in the 2nd quarter valued at $54,000. 93.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on VSH. Zacks Research downgraded shares of Vishay Intertechnology from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 20th. Wall Street Zen cut shares of Vishay Intertechnology from a "buy" rating to a "hold" rating in a report on Saturday, September 5th. Raymond James Financial assumed coverage on shares of Vishay Intertechnology in a research note on Tuesday, August 4th. They set an "outperform" rating and a $40.00 target price for the company. Needham & Company LLC assumed coverage on Vishay Intertechnology in a report on Tuesday, August 4th. They set a "buy" rating and a $45.00 price target on the stock. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Vishay Intertechnology in a research report on Monday, August 24th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $35.00.

Vishay Intertechnology Trading Up 6.3%

Shares of Vishay Intertechnology stock opened at $33.26 on Friday. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 175.04, a price-to-earnings-growth ratio of 3.68 and a beta of 1.80. Vishay Intertechnology, Inc. has a 52-week low of $11.77 and a 52-week high of $69.47. The company's 50-day simple moving average is $35.14 and its 200-day simple moving average is $34.89. The company has a quick ratio of 1.27, a current ratio of 1.80 and a debt-to-equity ratio of 0.08.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.04. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%.The company had revenue of $918.58 million for the quarter, compared to analyst estimates of $897.03 million. During the same quarter in the previous year, the company earned ($0.07) EPS. The firm's revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Vishay Intertechnology, Inc. will post 0.85 earnings per share for the current year.

Vishay Intertechnology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, September 10th. Vishay Intertechnology's dividend payout ratio (DPR) is currently 210.53%.

About Vishay Intertechnology

Vishay Intertechnology, Inc NYSE: VSH is a global manufacturer of electronic components used in a wide range of electrical and electronic systems. The company's portfolio includes discrete semiconductors and passive components, such as diodes, MOSFETs, optoelectronic devices, resistors, capacitors, inductors, sensors, and transducers.

Vishay's products are designed to support power management, signal processing, sensing, connectivity, and energy conversion applications. Its components are used in automotive systems, industrial equipment, computing and telecommunications hardware, consumer electronics, medical devices, aerospace and defense systems, and renewable energy and other infrastructure applications.

The company was founded in 1962 by physicist and inventor Felix Zandman and is headquartered in Malvern, Pennsylvania.

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