Freestone Grove Partners LP Invests $3.77 Million in Vishay Intertechnology, Inc. $VSH

Freestone Grove Partners LP purchased a new position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 70,113 shares of the semiconductor company’s stock, valued at approximately $3,771,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VSH. Carolina Wealth Advisors LLC acquired a new position in Vishay Intertechnology in the 2nd quarter valued at approximately $32,000. ProShare Advisors LLC boosted its stake in shares of Vishay Intertechnology by 3.1% during the 4th 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 boosted its stake in shares of Vishay Intertechnology by 8.2% during the 2nd 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 period. Rakuten Securities Inc. purchased a new position in shares of Vishay Intertechnology during the 2nd quarter valued at $47,000. Finally, Allworth Financial LP purchased a new position in shares of Vishay Intertechnology during the 2nd quarter valued at $54,000. 93.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VSH. Raymond James Financial assumed coverage on shares of Vishay Intertechnology in a research note on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 price target on the stock. Zacks Research downgraded Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Needham & Company LLC initiated coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They issued a “buy” rating and a $45.00 target price on the stock. Wall Street Zen raised Vishay Intertechnology from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Bank of America raised their price target on Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $33.25.

Vishay Intertechnology Price Performance

Shares of Vishay Intertechnology stock opened at $30.50 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The firm has a fifty day simple moving average of $39.84 and a 200-day simple moving average of $34.06. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 160.53 and a beta of 1.81. Vishay Intertechnology, Inc. has a 1-year low of $11.77 and a 1-year high of $69.47.

Vishay Intertechnology (NYSE:VSH) last posted its earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. The business 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 period last year, the business posted ($0.07) EPS. On average, sell-side analysts expect that Vishay Intertechnology, Inc. will post 0.86 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 paid a $0.10 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.3%. Vishay Intertechnology’s payout ratio is presently 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.