Vishay Intertechnology, Inc. $VSH Position Lifted by Deroy & Devereaux Private Investment Counsel Inc.

Key Points

• Deroy & Devereaux increased its Vishay Intertechnology stake by 9.9% in the third quarter, purchasing 64,336 additional shares and bringing its holdings to 714,244 shares, or 0.47% of the company. Institutional investors collectively own 93.66% of VSH.
• Analyst sentiment is generally positive, with a consensus rating of “Moderate Buy” and an average price target of $36.67. Recent actions included upgrades from Zacks Research and Wall Street Zen, while Oppenheimer raised its target to $45.
• Vishay reported quarterly EPS of $0.19, exceeding the $0.15 estimate, while revenue rose 16.6% year over year to $918.58 million. Shares opened at $26.67, and the company maintains a quarterly dividend of $0.10 per share, equal to a 1.5% annual yield.

Deroy & Devereaux Private Investment Counsel Inc. raised its stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 9.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 714,244 shares of the semiconductor company's stock after purchasing an additional 64,336 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc. owned 0.47% of Vishay Intertechnology worth $23,249,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in VSH. Andar Capital Management HK Ltd bought a new position in shares of Vishay Intertechnology during the 2nd quarter worth approximately $160,000,000. Valliance Asset Management Ltd acquired a new stake in Vishay Intertechnology in the 2nd quarter valued at $146,405,000. Dimensional Fund Advisors LP grew its position in 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 valued at $127,830,000 after acquiring an additional 208,472 shares during the period. Wellington Management Group LLP grew its position in Vishay Intertechnology by 7.6% in the second quarter. Wellington Management Group LLP now owns 2,312,220 shares of the semiconductor company's stock valued at $124,351,000 after acquiring an additional 162,447 shares during the period. Finally, William Blair Investment Management LLC acquired a new position in Vishay Intertechnology during the second quarter worth $79,095,000. 93.66% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Vishay Intertechnology

In other Vishay Intertechnology news, Director Raanan Zilberman sold 16,575 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $35.82, for a total transaction of $593,716.50. Following the sale, the director owned 31,937 shares of the company's stock, valued at $1,143,983.34. This represents a 34.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.35% of the stock is currently owned by company insiders.

Analyst Ratings Changes

VSH has been the subject of a number of analyst reports. Truist Financial began coverage on Vishay Intertechnology in a report on Thursday, September 3rd. They set a "buy" rating and a $42.00 price objective for the company. Zacks Research raised shares of Vishay Intertechnology from a "hold" rating to a "strong-buy" rating in a report on Monday, October 5th. Oppenheimer upped their target price on shares of Vishay Intertechnology from $42.00 to $45.00 and gave the stock an "outperform" rating in a report on Thursday, October 8th. Wall Street Zen upgraded shares of Vishay Intertechnology from a "hold" rating to a "buy" rating in a research report on Saturday, October 10th. Finally, Raymond James Financial assumed coverage on shares of Vishay Intertechnology in a report on Tuesday, August 4th. They set an "outperform" rating and a $40.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $36.67.

Vishay Intertechnology Trading Down 0.1%

Shares of VSH opened at $26.67 on Tuesday. The stock has a fifty day moving average price of $31.74 and a two-hundred day moving average price of $31.74. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.80. Vishay Intertechnology, Inc. has a 52-week low of $11.77 and a 52-week high of $69.47. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 140.39, a PEG ratio of 3.15 and a beta of 1.79.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.04. The company had revenue of $918.58 million for the quarter, compared to analyst estimates of $897.03 million. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%. The business's revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. Analysts predict that Vishay Intertechnology, Inc. will post 0.85 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, September 10th. This represents a $0.40 annualized dividend and a yield of 1.5%. Vishay Intertechnology's dividend payout ratio is 210.53%.

Vishay Intertechnology Profile

Vishay Intertechnology, Inc is a global manufacturer of electronic components used in industrial, automotive, computing, telecommunications, consumer electronics, aerospace and defense, and medical applications. The company's portfolio includes passive components and semiconductor products that support power management, signal processing, sensing, connectivity and energy conversion.

Its products include resistors, capacitors, inductors, diodes, rectifiers, power MOSFETs, optoelectronic components, sensors, transducers and related power and circuit-protection devices.

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