NewEdge Advisors LLC Has $3.16 Million Stake in Vishay Intertechnology, Inc. $VSH

Key Points

• NewEdge Advisors sharply increased its Vishay Intertechnology stake by 11,394.9% in the first quarter, ending with 175,412 shares worth approximately $3.16 million. Institutional investors collectively own 93.66% of VSH.
• Vishay exceeded quarterly expectations, reporting $0.19 in EPS versus a $0.15 consensus estimate and revenue of $918.58 million, up 16.6% year over year.
• The company declared a quarterly dividend of $0.10 per share, or $0.40 annually, yielding about 1.2%. Analysts remain cautious overall, with a consensus rating of “Hold” and a $33.25 target price.

NewEdge Advisors LLC raised its holdings in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 11,394.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 175,412 shares of the semiconductor company's stock after purchasing an additional 173,886 shares during the quarter. NewEdge Advisors LLC owned approximately 0.13% of Vishay Intertechnology worth $3,157,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of VSH. 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 worth $30,000 after buying an additional 1,402 shares in the last quarter. Quarry LP acquired a new stake in Vishay Intertechnology in the third quarter worth about $39,000. Empowered Funds LLC bought a new stake in Vishay Intertechnology during the 4th quarter worth about $57,000. Hantz Financial Services Inc. raised its holdings in Vishay Intertechnology by 255.8% during the 4th quarter. Hantz Financial Services Inc. now owns 5,124 shares of the semiconductor company's stock worth $74,000 after purchasing an additional 3,684 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in Vishay Intertechnology during the 4th quarter valued at about $87,000. 93.66% of the stock is owned by institutional investors.

Vishay Intertechnology Stock Performance

VSH stock opened at $33.58 on Thursday. The business's 50-day moving average price is $46.56 and its two-hundred day moving average price is $33.08. The company has a current ratio of 1.80, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The firm has a market cap of $4.57 billion, a PE ratio of 176.75 and a beta of 1.81. 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 announced its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.04. The company had revenue of $918.58 million during 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 company's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.07) earnings per share. As a group, research analysts forecast that Vishay Intertechnology, Inc. will post 0.86 earnings per share for the current year.

Vishay Intertechnology Announces Dividend

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 paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 10th. Vishay Intertechnology's dividend payout ratio is presently 210.53%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Zacks Research cut shares of 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 shares of Vishay Intertechnology in a research note on Tuesday, August 4th. They issued a "buy" rating and a $45.00 price objective on the stock. 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 upped their target price 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, Wall Street Zen upgraded Vishay Intertechnology from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus 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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