The Manufacturers Life Insurance Company Acquires New Holdings in Vishay Intertechnology, Inc. $VSH

Key Points

• The Manufacturers Life Insurance Company acquired 79,541 Vishay Intertechnology shares worth approximately $4.28 million, while institutional investors collectively own 93.66% of the company.
• Analyst sentiment is mixed, with an average rating of “Hold” and an average price target of $33.25; recent coverage includes Buy and Outperform ratings with targets up to $45.
• Vishay exceeded quarterly earnings and revenue expectations, reporting $0.19 EPS and $918.58 million in revenue, up 16.6% year over year. The company also declared a quarterly dividend of $0.10 per share, yielding about 1.3% annually.

The Manufacturers Life Insurance Company bought a new position in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 79,541 shares of the semiconductor company's stock, valued at approximately $4,278,000. The Manufacturers Life Insurance Company owned approximately 0.06% of Vishay Intertechnology as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Andar Capital Management HK Ltd acquired a new stake in shares of Vishay Intertechnology during the second quarter worth $160,000,000. T. Rowe Price Investment Management Inc. acquired a new position in Vishay Intertechnology in the 4th quarter worth $25,009,000. William Blair Investment Management LLC acquired a new position in Vishay Intertechnology in the 2nd quarter worth $79,095,000. Woodline Partners LP increased its holdings in Vishay Intertechnology by 25.3% during the 3rd quarter. Woodline Partners LP now owns 6,813,765 shares of the semiconductor company's stock worth $104,251,000 after purchasing an additional 1,377,356 shares in the last quarter. Finally, Jain Global LLC increased its holdings in Vishay Intertechnology by 841.5% during the 4th quarter. Jain Global LLC now owns 910,143 shares of the semiconductor company's stock worth $13,188,000 after purchasing an additional 813,472 shares in the last quarter. Institutional investors own 93.66% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on VSH shares. Needham & Company LLC started coverage on Vishay Intertechnology in a report on Tuesday, August 4th. They issued a "buy" rating and a $45.00 price target on the stock. Raymond James Financial assumed 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. Wall Street Zen raised Vishay Intertechnology from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a "hold (c)" rating on shares of Vishay Intertechnology in a report on Monday, August 24th. Finally, Zacks Research lowered shares of Vishay Intertechnology from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Vishay Intertechnology currently has an average rating of "Hold" and an average target price of $33.25.

Vishay Intertechnology Price Performance

Shares of NYSE VSH opened at $30.47 on Tuesday. The business's 50 day moving average price is $39.17 and its two-hundred day moving average price is $34.24. The company has a market cap of $4.67 billion, a PE ratio of 160.38 and a beta of 1.81. 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, Inc. has a twelve month low of $11.77 and a twelve month high of $69.47.

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. 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 during the quarter, compared to analysts' expectations of $897.03 million. During the same period last year, the firm posted ($0.07) earnings per share. The business's revenue was up 16.6% on a year-over-year basis. On average, analysts predict that Vishay Intertechnology, Inc. will post 0.86 EPS for the current year.

Vishay Intertechnology Announces Dividend

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

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