Vishay Intertechnology, Inc. $VSH Shares Newly Purchased by Brooklands Fund Management Ltd

Key Points

• Brooklands Fund Management bought 794,600 Vishay Intertechnology shares worth approximately $25.9 million, making VSH its 10th-largest holding and representing a 0.52% stake. Institutional investors collectively own 93.66% of the company.
• Vishay’s latest quarterly results exceeded expectations, with adjusted EPS of $0.19 versus the $0.15 consensus estimate and revenue of $918.6 million, up 16.6% year over year.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and a $36.67 price target, while the company maintains a quarterly dividend of $0.10 per share.

Brooklands Fund Management Ltd purchased a new stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 794,600 shares of the semiconductor company's stock, valued at approximately $25,864,000. Vishay Intertechnology comprises approximately 3.8% of Brooklands Fund Management Ltd's investment portfolio, making the stock its 10th largest holding. Brooklands Fund Management Ltd owned 0.52% of Vishay Intertechnology at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Andar Capital Management HK Ltd purchased a new stake in Vishay Intertechnology in the second quarter worth $160,000,000. Valliance Asset Management Ltd bought a new position in Vishay Intertechnology in the 2nd quarter worth $146,405,000. William Blair Investment Management LLC purchased a new stake in shares of Vishay Intertechnology in the 2nd quarter worth about $79,095,000. Assenagon Asset Management S.A. purchased a new stake in shares of Vishay Intertechnology in the 3rd quarter worth about $38,800,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Vishay Intertechnology in the 2nd quarter worth about $41,629,000. Hedge funds and other institutional investors own 93.66% of the company's stock.

Insider Activity at Vishay Intertechnology

In other news, Director Raanan Zilberman sold 16,575 shares of the stock in a transaction that occurred on 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 in the company, valued at $1,143,983.34. This represents a 34.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.35% of the stock is currently owned by insiders.

Vishay Intertechnology Stock Down 1.8%

VSH stock opened at $29.39 on Friday. 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 market cap of $4.51 billion, a PE ratio of 154.70, a price-to-earnings-growth ratio of 3.53 and a beta of 1.79. The business has a 50 day moving average of $31.50 and a 200 day moving average of $31.94.

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

Vishay Intertechnology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, September 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. Vishay Intertechnology's dividend payout ratio is presently 210.53%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VSH. Weiss Ratings downgraded shares of Vishay Intertechnology from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, September 25th. Oppenheimer raised their price objective 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. Needham & Company LLC initiated coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They set a "buy" rating and a $45.00 price objective on the stock. Raymond James Financial initiated coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They issued an "outperform" rating and a $40.00 target price for the company. Finally, Wall Street Zen upgraded Vishay Intertechnology from a "hold" rating to a "buy" rating in a research note on Saturday, October 10th. Two 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.67.

About Vishay Intertechnology

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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