Oppenheimer Asset Management Inc. Takes $5.18 Million Position in Vishay Intertechnology, Inc. $VSH

Key Points

• Oppenheimer Asset Management purchased 96,285 shares of Vishay Intertechnology worth approximately $5.18 million, representing about 0.07% of the company. Institutional investors collectively own 93.66% of VSH.
• Analyst sentiment remains mixed: Raymond James and Needham issued bullish ratings with targets of $40 and $45, while the consensus rating is “Hold” with an average price target of $33.25.
• Vishay reported quarterly EPS of $0.19, exceeding the $0.15 estimate, while revenue rose 16.6% year over year to $918.58 million. The company also declared a $0.10 quarterly dividend, equivalent to a 1.1% annual yield.

Oppenheimer Asset Management Inc. bought a new position in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 96,285 shares of the semiconductor company's stock, valued at approximately $5,178,000. Oppenheimer Asset Management Inc. owned approximately 0.07% of Vishay Intertechnology as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Carolina Wealth Advisors LLC bought a new stake in Vishay Intertechnology in the 2nd quarter valued at $32,000. ProShare Advisors LLC boosted its holdings in shares of Vishay Intertechnology by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 23,569 shares of the semiconductor company's stock valued at $342,000 after purchasing an additional 699 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Vishay Intertechnology by 8.2% during the 2nd quarter. GAMMA Investing LLC now owns 9,261 shares of the semiconductor company's stock valued at $498,000 after purchasing an additional 702 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Vishay Intertechnology by 7.4% during the 2nd quarter. Corient Private Wealth LLC now owns 18,598 shares of the semiconductor company's stock valued at $295,000 after purchasing an additional 1,288 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its position in shares of Vishay Intertechnology by 4.2% during the fourth quarter. Verdence Capital Advisors LLC now owns 34,439 shares of the semiconductor company's stock valued at $499,000 after purchasing an additional 1,399 shares in the last quarter. Institutional investors own 93.66% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on VSH. Raymond James Financial started coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They issued an "outperform" rating and a $40.00 target price on the stock. Needham & Company LLC initiated coverage on Vishay Intertechnology in a report on Tuesday, August 4th. They set a "buy" rating and a $45.00 price target for the company. Zacks Research downgraded Vishay Intertechnology from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 20th. Bank of America upped their price objective on Vishay Intertechnology from $18.00 to $28.00 and gave the stock an "underperform" rating in a 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 investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $33.25.

Vishay Intertechnology Stock Up 5.1%

Shares of NYSE VSH opened at $35.03 on Friday. The firm's 50-day moving average price is $45.50 and its 200-day moving average price is $33.20. 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 stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 184.38 and a beta of 1.81. 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 announced its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.04. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. The firm had revenue of $918.58 million during the quarter, compared to the consensus estimate of $897.03 million. During the same quarter last year, the firm earned ($0.07) EPS. The firm's revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities research analysts anticipate 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. Stockholders of record on Thursday, September 10th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, September 10th. Vishay Intertechnology's dividend payout ratio (DPR) is presently 210.53%.

Vishay Intertechnology Profile

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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