Engineers Gate Manager LP Purchases 34,851 Shares of Vishay Intertechnology, Inc. $VSH

Engineers Gate Manager LP raised its position in Vishay Intertechnology, Inc. (NYSE:VSH) by 39.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 122,584 shares of the semiconductor company’s stock after acquiring an additional 34,851 shares during the quarter. Engineers Gate Manager LP’s holdings in Vishay Intertechnology were worth $6,593,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Andar Capital Management HK Ltd purchased a new position in Vishay Intertechnology during the 2nd quarter valued at about $160,000,000. California State Teachers Retirement System raised its position in 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 valued at $405,218,000 after purchasing an additional 7,403,128 shares during the last quarter. Valliance Asset Management Ltd purchased a new stake in Vishay Intertechnology in the 2nd quarter worth approximately $146,405,000. T. Rowe Price Investment Management Inc. purchased a new stake in Vishay Intertechnology in the 4th quarter worth approximately $25,009,000. Finally, William Blair Investment Management LLC bought a new stake in shares of Vishay Intertechnology in the 2nd quarter worth approximately $79,095,000. 93.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on VSH shares. Zacks Research cut Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Raymond James Financial initiated coverage on Vishay Intertechnology in a research note on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 price target for the company. Needham & Company LLC assumed coverage on shares of Vishay Intertechnology in a report on Tuesday, August 4th. They issued a “buy” rating and a $45.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Vishay Intertechnology in a research report on Monday, August 24th. Finally, Truist Financial initiated coverage on shares of Vishay Intertechnology in a report on Thursday, September 3rd. They issued a “buy” rating and a $42.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Vishay Intertechnology Price Performance

VSH opened at $33.26 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 company has a market cap of $5.10 billion, a price-to-earnings ratio of 175.04, a price-to-earnings-growth ratio of 3.68 and a beta of 1.80. The stock has a fifty day simple moving average of $35.14 and a two-hundred day simple moving average of $34.89. Vishay Intertechnology, Inc. has a 12-month low of $11.77 and a 12-month high of $69.47.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.19 EPS for the quarter, topping the consensus estimate 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 quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. Research analysts predict that Vishay Intertechnology, Inc. will post 0.85 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors 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 annualized dividend and a dividend yield of 1.2%. Vishay Intertechnology’s dividend payout ratio is presently 210.53%.

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.