Oppenheimer Asset Management Inc. Acquires 22,034 Shares of Vishay Intertechnology, Inc. (NYSE:VSH)

Oppenheimer Asset Management Inc. increased its holdings in Vishay Intertechnology, Inc. (NYSE:VSH) by 9.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 245,120 shares of the semiconductor company’s stock after purchasing an additional 22,034 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.18% of Vishay Intertechnology worth $4,635,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Deprince Race & Zollo Inc. grew its position in shares of Vishay Intertechnology by 94.0% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 3,129,207 shares of the semiconductor company’s stock valued at $69,781,000 after buying an additional 1,516,368 shares during the last quarter. Poplar Forest Capital LLC bought a new stake in Vishay Intertechnology in the second quarter valued at approximately $21,160,000. Vanguard Group Inc. increased its position in Vishay Intertechnology by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 14,919,132 shares of the semiconductor company’s stock valued at $338,366,000 after purchasing an additional 714,275 shares during the period. American Century Companies Inc. raised its holdings in Vishay Intertechnology by 12.7% during the 2nd quarter. American Century Companies Inc. now owns 3,109,768 shares of the semiconductor company’s stock worth $69,348,000 after purchasing an additional 350,512 shares during the last quarter. Finally, Bernzott Capital Advisors acquired a new position in shares of Vishay Intertechnology in the 3rd quarter worth approximately $5,378,000. 93.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on VSH. StockNews.com cut shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a research report on Monday. TD Cowen decreased their price target on Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating for the company in a report on Thursday, August 8th.

Vishay Intertechnology Price Performance

Shares of VSH opened at $16.04 on Friday. The firm has a market cap of $2.19 billion, a PE ratio of 25.87 and a beta of 1.09. Vishay Intertechnology, Inc. has a 52-week low of $15.98 and a 52-week high of $24.72. The business’s 50 day moving average price is $17.92 and its two-hundred day moving average price is $20.79. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.85 and a current ratio of 2.81.

Vishay Intertechnology (NYSE:VSH) last released its earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The company had revenue of $735.35 million for the quarter, compared to analyst estimates of $748.84 million. Vishay Intertechnology had a net margin of 2.88% and a return on equity of 5.35%. The firm’s revenue was down 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 EPS. On average, equities analysts anticipate that Vishay Intertechnology, Inc. will post 0.55 EPS for the current year.

Vishay Intertechnology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.49%. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 64.52%.

Vishay Intertechnology Profile

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.