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

William Blair Investment Management LLC bought a new stake in Vishay Intertechnology, Inc. (NYSE:VSH) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,470,723 shares of the semiconductor company’s stock, valued at approximately $79,095,000.

Other hedge funds have also bought and sold shares of the company. Carolina Wealth Advisors LLC acquired a new position in Vishay Intertechnology during the second quarter worth approximately $32,000. ProShare Advisors LLC raised its stake in Vishay Intertechnology by 3.1% in the fourth quarter. ProShare Advisors LLC now owns 23,569 shares of the semiconductor company’s stock valued at $342,000 after buying an additional 699 shares during the period. GAMMA Investing LLC lifted its position in shares of Vishay Intertechnology by 8.2% in the second quarter. GAMMA Investing LLC now owns 9,261 shares of the semiconductor company’s stock valued at $498,000 after buying an additional 702 shares during the last quarter. Rakuten Securities Inc. acquired a new stake in shares of Vishay Intertechnology in the second quarter valued at approximately $47,000. Finally, Allworth Financial LP acquired a new stake in shares of Vishay Intertechnology in the second quarter valued at approximately $54,000. 93.66% of the stock is currently owned by institutional investors and hedge funds.

Vishay Intertechnology Trading Down 0.6%

VSH stock opened at $31.65 on Friday. 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 company’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 market capitalization of $4.85 billion, a PE ratio of 166.59 and a beta of 1.81.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. The business had revenue of $918.58 million for the quarter, compared to analyst estimates of $897.03 million. During the same period last year, the firm earned ($0.07) earnings per share. Vishay Intertechnology’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Vishay Intertechnology, Inc. will post 0.86 earnings per share for the current year.

Vishay Intertechnology Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VSH. Wall Street Zen raised Vishay Intertechnology from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Needham & Company LLC assumed coverage on Vishay Intertechnology in a research note on Tuesday, August 4th. They issued a “buy” rating and a $45.00 price target on the stock. Weiss Ratings raised Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Raymond James Financial began coverage on shares of Vishay Intertechnology in a research report on Tuesday, August 4th. They set an “outperform” rating and a $40.00 price objective for the company. Finally, Bank of America upped 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. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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.