Vishay Intertechnology, Inc. $VSH Stock Holdings Lowered by Algert Global LLC

Key Points

• Algert Global reduced its Vishay Intertechnology stake by 32.1% in the second quarter, selling 88,934 shares and retaining 188,536 shares worth approximately $10.1 million. Institutional investors and hedge funds collectively own 93.66% of VSH.
• Vishay reported quarterly earnings of $0.19 per share, beating estimates of $0.15, while revenue rose 16.6% year over year to $918.58 million. The company declared a $0.10 quarterly dividend, equating to a 1.3% annual yield.
• Analyst sentiment remains mixed, with VSH carrying a consensus “Hold” rating and a $33.25 target price. Shares recently traded at $31.39, below the 50-day moving average of $41.78.

Algert Global LLC cut its position in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 32.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 188,536 shares of the semiconductor company's stock after selling 88,934 shares during the quarter. Algert Global LLC owned about 0.14% of Vishay Intertechnology worth $10,139,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VSH. Hsbc Holdings PLC bought a new stake in Vishay Intertechnology during the 1st quarter valued at $574,000. 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 purchasing an additional 208,472 shares in the last quarter. SummitTX Capital L.P. bought a new position in shares of Vishay Intertechnology in the first quarter worth $2,555,000. Edgestream Partners L.P. increased its holdings in shares of Vishay Intertechnology by 127.4% during the first quarter. Edgestream Partners L.P. now owns 316,191 shares of the semiconductor company's stock valued at $5,691,000 after purchasing an additional 177,151 shares during the period. Finally, Mizuho Markets Americas LLC increased its holdings in shares of Vishay Intertechnology by 71.0% during the first quarter. Mizuho Markets Americas LLC now owns 963,167 shares of the semiconductor company's stock valued at $17,337,000 after purchasing an additional 399,800 shares during the period. 93.66% of the stock is owned by institutional investors and hedge funds.

Vishay Intertechnology Trading Up 3.1%

Shares of NYSE VSH opened at $31.39 on Wednesday. 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 12 month low of $11.77 and a 12 month high of $69.47. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 165.19 and a beta of 1.81. The business has a fifty day simple moving average of $41.78 and a 200-day simple moving average of $33.92.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share for the quarter, topping 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 firm had revenue of $918.58 million for the quarter, compared to analysts' expectations of $897.03 million. During the same quarter last year, the business posted ($0.07) EPS. Vishay Intertechnology's revenue was up 16.6% on a year-over-year basis. Sell-side analysts predict that Vishay Intertechnology, Inc. will post 0.86 EPS for the current year.

Vishay Intertechnology Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the company an "underperform" rating in a report on Thursday, May 14th. Wall Street Zen raised Vishay Intertechnology from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Raymond James Financial started 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. Zacks Research lowered Vishay Intertechnology from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 20th. Finally, Weiss Ratings raised Vishay Intertechnology from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $33.25.

About Vishay Intertechnology

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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