PDT Partners LLC Purchases Shares of 113,928 Vishay Intertechnology, Inc. $VSH

Key Points

• PDT Partners LLC acquired 113,928 shares of Vishay Intertechnology during the second quarter, valued at approximately $6.1 million, while institutional investors collectively own 93.66% of the company.
• Analyst sentiment is mixed, with an average rating of “Hold” and a consensus price target of $33.25; recent targets range from $28 to $45.
• Vishay beat quarterly earnings expectations, reporting $0.19 in 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, representing a 1.3% yield.

PDT Partners LLC purchased a new position in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 113,928 shares of the semiconductor company's stock, valued at approximately $6,127,000. PDT Partners LLC owned approximately 0.08% of Vishay Intertechnology as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in VSH. Rockefeller Capital Management L.P. grew its holdings in shares of 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 valued at $30,000 after purchasing an additional 1,402 shares during the last quarter. Carolina Wealth Advisors LLC bought a new stake in Vishay Intertechnology in the second quarter worth $32,000. Quarry LP bought a new stake in Vishay Intertechnology in the third quarter worth $39,000. Rakuten Securities Inc. purchased a new stake in Vishay Intertechnology during the second quarter valued at about $47,000. Finally, Allworth Financial LP purchased a new stake in Vishay Intertechnology during the second quarter valued at about $54,000. 93.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on VSH. Raymond James Financial initiated coverage on Vishay Intertechnology in a report on Tuesday, August 4th. They issued an "outperform" rating and a $40.00 price objective on the stock. Needham & Company LLC assumed coverage on Vishay Intertechnology in a report on Tuesday, August 4th. They set a "buy" rating and a $45.00 target price for the company. Bank of America raised their price target on Vishay Intertechnology from $18.00 to $28.00 and gave the stock an "underperform" rating in a research report on Thursday, May 14th. Zacks Research cut Vishay Intertechnology from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 20th. Finally, Wall Street Zen upgraded Vishay Intertechnology from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $33.25.

Vishay Intertechnology Trading Up 3.1%

Shares of VSH opened at $31.39 on Wednesday. The stock has a market capitalization of $4.81 billion, a P/E ratio of 165.19 and a beta of 1.81. Vishay Intertechnology, Inc. has a twelve month low of $11.77 and a twelve month high of $69.47. The company has a quick ratio of 1.27, a current ratio of 1.80 and a debt-to-equity ratio of 0.08. The firm has a fifty day simple moving average of $41.78 and a two-hundred day simple moving average of $33.92.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.04. The firm had revenue of $918.58 million for the quarter, compared to analysts' expectations 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 for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.07) earnings per share. On average, research analysts anticipate that Vishay Intertechnology, Inc. will post 0.86 EPS for the current year.

Vishay Intertechnology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, September 10th. Vishay Intertechnology's payout ratio is currently 210.53%.

Vishay Intertechnology Company 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.

Want to see what other hedge funds are holding VSH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vishay Intertechnology, Inc. (NYSE:VSH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source