Wellington Management Group LLP Buys 162,447 Shares of Vishay Intertechnology, Inc. $VSH

Key Points

• Wellington Management increased its Vishay Intertechnology stake by 7.6% in the second quarter, purchasing 162,447 shares and bringing its total to 2.31 million shares, valued at approximately $124.4 million.
• Vishay reported quarterly EPS of $0.19, beating the $0.15 analyst consensus, while revenue rose 16.6% year over year to $918.6 million. Institutional investors collectively own 93.66% of the company.
• The stock opened at $29.65, below the analyst consensus price target of $33.25. Analysts’ overall rating is Hold, and the company declared a quarterly dividend of $0.10 per share, representing a 1.3% yield.

Wellington Management Group LLP boosted its position in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 7.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,312,220 shares of the semiconductor company's stock after purchasing an additional 162,447 shares during the period. Wellington Management Group LLP owned about 1.51% of Vishay Intertechnology worth $124,351,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Andar Capital Management HK Ltd bought a new position in shares of Vishay Intertechnology during the second quarter worth about $160,000,000. T. Rowe Price Investment Management Inc. bought a new stake in Vishay Intertechnology in the 4th quarter valued at approximately $25,009,000. William Blair Investment Management LLC bought a new stake in Vishay Intertechnology in the 2nd quarter valued at approximately $79,095,000. Woodline Partners LP boosted its position 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 acquiring an additional 1,377,356 shares during the last quarter. Finally, Jain Global LLC boosted its position 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 acquiring an additional 813,472 shares during the last quarter. Institutional investors and hedge funds own 93.66% of the company's stock.

Vishay Intertechnology Price Performance

Shares of VSH opened at $29.65 on Wednesday. The company has a current ratio of 1.80, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The company's fifty day simple moving average is $38.58 and its 200 day simple moving average is $34.30. Vishay Intertechnology, Inc. has a 1-year low of $11.77 and a 1-year high of $69.47. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 156.06, a PEG ratio of 3.55 and a beta of 1.80.

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

Vishay Intertechnology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors 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 yield of 1.3%. Vishay Intertechnology's dividend payout ratio (DPR) is presently 210.53%.

Wall Street Analyst Weigh In

VSH has been the topic of a number of recent research reports. Zacks Research downgraded shares of Vishay Intertechnology from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th. Weiss Ratings reiterated a "hold (c)" rating on shares of Vishay Intertechnology in a research note on Monday, August 24th. Raymond James Financial started coverage on shares of Vishay Intertechnology in a research report on Tuesday, August 4th. They set an "outperform" rating and a $40.00 price target on the stock. Wall Street Zen upgraded shares of Vishay Intertechnology from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, Bank of America raised their price objective on Vishay Intertechnology from $18.00 to $28.00 and gave the company an "underperform" rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Vishay Intertechnology presently has a consensus rating of "Hold" and a consensus price target 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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