Vishay Intertechnology, Inc. $VSH Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC boosted its position in Vishay Intertechnology, Inc. (NYSE:VSH) by 19.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 210,330 shares of the semiconductor company’s stock after buying an additional 34,918 shares during the period. NewEdge Advisors LLC’s holdings in Vishay Intertechnology were worth $11,312,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VSH. Andar Capital Management HK Ltd purchased a new stake in Vishay Intertechnology during the second quarter worth $160,000,000. California State Teachers Retirement System raised its stake in shares of Vishay Intertechnology by 5,625.0% during the 2nd quarter. California State Teachers Retirement System now owns 7,534,739 shares of the semiconductor company’s stock worth $405,218,000 after buying an additional 7,403,128 shares during the last quarter. Valliance Asset Management Ltd acquired a new position in shares of Vishay Intertechnology during the 2nd quarter worth $146,405,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Vishay Intertechnology in the 4th quarter worth about $25,009,000. Finally, William Blair Investment Management LLC purchased a new stake in shares of Vishay Intertechnology in the 2nd quarter worth about $79,095,000. 93.66% of the stock is owned by institutional investors and hedge funds.

Vishay Intertechnology Stock Performance

Shares of NYSE VSH opened at $33.26 on Friday. The company has a 50-day simple moving average of $35.14 and a 200-day simple moving average of $34.89. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.80 and a quick ratio of 1.27. The company has a market cap of $5.10 billion, a PE ratio of 175.04, a price-to-earnings-growth ratio of 3.68 and a beta of 1.80. Vishay Intertechnology, Inc. has a 12 month low of $11.77 and a 12 month high of $69.47.

Vishay Intertechnology (NYSE:VSH) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. The firm had revenue of $918.58 million for the quarter, compared to analyst estimates of $897.03 million. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. Vishay Intertechnology’s revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.07) earnings per share. On average, equities analysts anticipate that Vishay Intertechnology, Inc. will post 0.85 earnings per share for the current year.

Vishay Intertechnology Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.2%. Vishay Intertechnology’s payout ratio is currently 210.53%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VSH. Zacks Research downgraded shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Raymond James Financial began coverage on shares of Vishay Intertechnology in a report on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 price target on the stock. Wall Street Zen lowered shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Saturday, September 5th. Needham & Company LLC began coverage on shares of Vishay Intertechnology in a research note on Tuesday, August 4th. They set a “buy” rating and a $45.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Vishay Intertechnology in a research report on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Vishay Intertechnology presently has an average rating of “Moderate Buy” and an average target price of $35.00.

Vishay Intertechnology Profile

Vishay Intertechnology, Inc (NYSE:VSH) is a global manufacturer of electronic components used in a wide range of electrical and electronic systems. The company’s portfolio includes discrete semiconductors and passive components, such as diodes, MOSFETs, optoelectronic devices, resistors, capacitors, inductors, sensors, and transducers.

Vishay’s products are designed to support power management, signal processing, sensing, connectivity, and energy conversion applications. Its components are used in automotive systems, industrial equipment, computing and telecommunications hardware, consumer electronics, medical devices, aerospace and defense systems, and renewable energy and other infrastructure applications.

The company was founded in 1962 by physicist and inventor Felix Zandman and is headquartered in Malvern, Pennsylvania.