Tocqueville Asset Management L.P. Takes Position in Vishay Intertechnology, Inc. $VSH

Key Points

• Tocqueville Asset Management acquired 588,099 Vishay Intertechnology shares worth approximately $31.6 million, representing about 0.43% of the company. Institutional investors collectively own 93.66% of VSH.
• Vishay reported quarterly EPS of $0.19, exceeding the $0.15 consensus estimate, while revenue rose 16.6% year over year to $918.6 million. The company declared a quarterly dividend of $0.10, or $0.40 annually, yielding about 1.3%.
• VSH opened at $31.94 after falling 4.7%; analysts’ ratings remain mixed, producing a consensus “Hold” rating and an average price target of $33.25.

Tocqueville Asset Management L.P. acquired a new stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 588,099 shares of the semiconductor company's stock, valued at approximately $31,628,000. Tocqueville Asset Management L.P. owned about 0.43% of Vishay Intertechnology at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of VSH. Andar Capital Management HK Ltd bought a new position in Vishay Intertechnology during the 2nd quarter valued at about $160,000,000. Dimensional Fund Advisors LP grew its stake in shares of Vishay Intertechnology by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 7,102,376 shares of the semiconductor company's stock worth $127,830,000 after acquiring an additional 208,472 shares during the period. Woodline Partners LP grew its stake in shares of Vishay Intertechnology by 25.3% in the third quarter. Woodline Partners LP now owns 6,813,765 shares of the semiconductor company's stock worth $104,251,000 after acquiring an additional 1,377,356 shares during the period. Deprince Race & Zollo Inc. raised its holdings in shares of Vishay Intertechnology by 8.4% during the first quarter. Deprince Race & Zollo Inc. now owns 3,181,050 shares of the semiconductor company's stock valued at $57,259,000 after purchasing an additional 247,060 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Vishay Intertechnology by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,907,928 shares of the semiconductor company's stock valued at $42,144,000 after purchasing an additional 10,917 shares during the last quarter. 93.66% of the stock is currently owned by institutional investors.

Vishay Intertechnology Stock Down 4.7%

NYSE VSH opened at $31.94 on Thursday. The stock's 50-day moving average price is $44.11 and its 200-day moving average price is $33.61. 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 52 week low of $11.77 and a 52 week high of $69.47. The company has a market capitalization of $4.90 billion, a P/E ratio of 168.11 and a beta of 1.81.

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 (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 the consensus estimate of $897.03 million. During the same period in the previous year, the company posted ($0.07) EPS. The firm's revenue was up 16.6% on a year-over-year basis. On average, equities research analysts predict that Vishay Intertechnology, Inc. will post 0.86 earnings per share for the current year.

Vishay Intertechnology Announces Dividend

The company 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. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.3%. Vishay Intertechnology's dividend payout ratio is 210.53%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on VSH shares. Wall Street Zen upgraded shares of Vishay Intertechnology from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Raymond James Financial began 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. Bank of America increased their price target on Vishay Intertechnology from $18.00 to $28.00 and gave the company an "underperform" rating in a report on Thursday, May 14th. Needham & Company LLC assumed coverage on Vishay Intertechnology in a research note on Tuesday, August 4th. They issued a "buy" rating and a $45.00 price target on the stock. Finally, Weiss Ratings raised Vishay Intertechnology from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, May 27th. 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $33.25.

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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