Hennessy Advisors Inc. Acquires Shares of 320,100 Vishay Intertechnology, Inc. $VSH

Hennessy Advisors Inc. bought a new position in Vishay Intertechnology, Inc. (NYSE:VSH) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 320,100 shares of the semiconductor company’s stock, valued at approximately $17,215,000.

A number of other large investors have also made changes to their positions in the company. Andar Capital Management HK Ltd purchased a new stake in shares of Vishay Intertechnology in the 2nd quarter valued at approximately $160,000,000. T. Rowe Price Investment Management Inc. purchased a new position in Vishay Intertechnology during the 4th quarter worth approximately $25,009,000. William Blair Investment Management LLC acquired a new stake in Vishay Intertechnology during the 2nd quarter valued at $79,095,000. Woodline Partners LP raised its stake 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 valued at $104,251,000 after purchasing an additional 1,377,356 shares during the period. Finally, Jain Global LLC lifted its holdings in shares of Vishay Intertechnology by 841.5% in the fourth quarter. Jain Global LLC now owns 910,143 shares of the semiconductor company’s stock valued at $13,188,000 after purchasing an additional 813,472 shares in the last quarter. Institutional investors and hedge funds own 93.66% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on VSH shares. Raymond James Financial started coverage on Vishay Intertechnology in a report on Tuesday, August 4th. They set an “outperform” rating and a $40.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Vishay Intertechnology in a research note on Monday, August 24th. Zacks Research lowered Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Bank of America lifted their target price on Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a research note on Thursday, May 14th. Finally, Wall Street Zen upgraded Vishay Intertechnology from a “hold” rating to a “buy” rating in a 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 given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.25.

Vishay Intertechnology Trading Down 3.9%

Vishay Intertechnology stock opened at $30.50 on Friday. Vishay Intertechnology, Inc. has a 12 month low of $11.77 and a 12 month high of $69.47. The company has a quick ratio of 1.27, a current ratio of 1.80 and a debt-to-equity ratio of 0.08. The stock has a market cap of $4.68 billion, a P/E ratio of 160.53 and a beta of 1.81. The company’s fifty day simple moving average is $39.84 and its 200-day simple moving average is $34.06.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.04. The business had revenue of $918.58 million during the quarter, compared to analyst estimates of $897.03 million. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%.Vishay Intertechnology’s quarterly 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 forecast that Vishay Intertechnology, Inc. will post 0.86 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.10 per share. 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 1.3%. Vishay Intertechnology’s dividend payout ratio (DPR) is 210.53%.

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.