PDT Partners LLC Buys New Position in Vishay Intertechnology, Inc. $VSH

PDT Partners LLC purchased a new position in Vishay Intertechnology, Inc. (NYSE:VSH) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 113,928 shares of the semiconductor company’s stock, valued at approximately $6,127,000.

Other large investors have also added to or reduced their stakes in the company. Andar Capital Management HK Ltd purchased a new position in shares of Vishay Intertechnology during the second quarter valued at about $160,000,000. T. Rowe Price Investment Management Inc. bought a new position in Vishay Intertechnology in the fourth quarter worth about $25,009,000. William Blair Investment Management LLC purchased a new stake in Vishay Intertechnology in the second quarter worth about $79,095,000. Woodline Partners LP boosted its position 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 acquiring an additional 1,377,356 shares in the last quarter. Finally, Jain Global LLC boosted its position in Vishay Intertechnology by 841.5% during the 4th quarter. Jain Global LLC now owns 910,143 shares of the semiconductor company’s stock valued at $13,188,000 after acquiring an additional 813,472 shares in the last quarter. Institutional investors own 93.66% of the company’s stock.

Vishay Intertechnology Price Performance

Shares of VSH opened at $31.39 on Wednesday. The stock has a market cap of $4.81 billion, a PE ratio of 165.19 and a beta of 1.81. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.80. Vishay Intertechnology, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $69.47. The firm’s 50-day simple moving average is $41.78 and its two-hundred day simple moving average is $33.92.

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

Vishay Intertechnology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. Vishay Intertechnology’s dividend payout ratio (DPR) is 210.53%.

Wall Street Analyst Weigh In

VSH has been the subject of several research reports. Bank of America increased their target price on Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a research report on Thursday, May 14th. Needham & Company LLC initiated coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They set 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 research note on Wednesday, May 27th. Wall Street Zen upgraded Vishay Intertechnology from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Raymond James Financial initiated coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They set an “outperform” rating and a $40.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average 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.