William Blair Investment Management LLC Makes New $79.09 Million Investment in Vishay Intertechnology, Inc. $VSH

Key Points

• William Blair Investment Management acquired 1.47 million Vishay Intertechnology shares worth approximately $79.1 million, giving it a 1.08% stake. Institutional investors collectively own 93.66% of the company.
• Vishay exceeded quarterly expectations, reporting earnings of $0.19 per share versus the $0.15 consensus estimate and revenue of $918.6 million, up 16.6% year over year.
• Analyst sentiment is mixed: the stock has an average “Hold” rating and a $33.25 consensus price target, while recent targets range from $28 to $45. Shares opened at $31.65, and the company declared a quarterly dividend of $0.10 per share.

William Blair Investment Management LLC purchased a new stake in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,470,723 shares of the semiconductor company's stock, valued at approximately $79,095,000. William Blair Investment Management LLC owned 1.08% of Vishay Intertechnology at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Avanda Investment Management Pte. Ltd. acquired a new position in shares of Vishay Intertechnology during the second quarter worth about $904,000. Rakuten Securities Inc. acquired a new stake in Vishay Intertechnology in the 2nd quarter valued at approximately $47,000. Allworth Financial LP acquired a new stake in Vishay Intertechnology in the 2nd quarter valued at approximately $54,000. Ceredex Value Advisors LLC bought a new stake in Vishay Intertechnology in the 2nd quarter valued at approximately $13,001,000. Finally, Vise Technologies Inc. bought a new stake in Vishay Intertechnology in the 2nd quarter valued at approximately $1,217,000. 93.66% of the stock is currently owned by institutional investors.

Vishay Intertechnology Stock Performance

VSH opened at $31.65 on Friday. The business's 50-day simple moving average is $43.02 and its 200 day simple moving average is $33.68. Vishay Intertechnology, Inc. has a 52-week low of $11.77 and a 52-week high of $69.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.80. The firm has a market capitalization of $4.85 billion, a PE ratio of 166.59 and a beta of 1.81.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share 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 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 business's revenue was up 16.6% compared to the same quarter last year. During the same period last year, the company earned ($0.07) earnings per share. As a group, sell-side analysts expect that Vishay Intertechnology, Inc. will post 0.86 earnings per share for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. Vishay Intertechnology's dividend payout ratio is presently 210.53%.

Analysts Set New Price Targets

VSH has been the subject of several research reports. Raymond James Financial assumed coverage on shares of Vishay Intertechnology in a research note on Tuesday, August 4th. They set an "outperform" rating and a $40.00 price target for the company. Weiss Ratings raised shares of Vishay Intertechnology from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, May 27th. Needham & Company LLC initiated coverage on shares of Vishay Intertechnology in a report on Tuesday, August 4th. They set a "buy" rating and a $45.00 target price for the company. Bank of America increased their target price on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the stock an "underperform" rating in a report on Thursday, May 14th. Finally, Wall Street Zen raised shares of Vishay Intertechnology from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. 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 given a Sell rating to the stock. According to MarketBeat, the company currently has an average 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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