The Manufacturers Life Insurance Company Purchases New Position in Vishay Intertechnology, Inc. $VSH

The Manufacturers Life Insurance Company purchased a new stake in Vishay Intertechnology, Inc. (NYSE:VSH) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 79,541 shares of the semiconductor company’s stock, valued at approximately $4,278,000.

Other hedge funds have also recently bought and sold shares of the company. Andar Capital Management HK Ltd acquired a new position in shares of Vishay Intertechnology in the second quarter valued at approximately $160,000,000. Dimensional Fund Advisors LP lifted its holdings in Vishay Intertechnology by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,102,376 shares of the semiconductor company’s stock worth $127,830,000 after purchasing an additional 208,472 shares during the last quarter. Woodline Partners LP boosted its stake in Vishay Intertechnology by 25.3% in 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. Deprince Race & Zollo Inc. boosted its stake in Vishay Intertechnology by 8.4% in the 1st quarter. Deprince Race & Zollo Inc. now owns 3,181,050 shares of the semiconductor company’s stock valued at $57,259,000 after purchasing an additional 247,060 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Vishay Intertechnology by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,907,928 shares of the semiconductor company’s stock valued at $42,144,000 after buying an additional 10,917 shares in the last quarter. 93.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on VSH. Zacks Research cut Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Needham & Company LLC assumed coverage on shares of Vishay Intertechnology in a research note on Tuesday, August 4th. They issued a “buy” rating and a $45.00 price target on the stock. Wall Street Zen raised shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vishay Intertechnology in a research note on Monday, August 24th. Finally, 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 objective for the company. One equities 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $33.25.

Vishay Intertechnology Stock Performance

Vishay Intertechnology stock opened at $30.47 on Tuesday. 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 $4.67 billion, a PE ratio of 160.38 and a beta of 1.81. Vishay Intertechnology, Inc. has a 12-month low of $11.77 and a 12-month high of $69.47. The business’s 50-day moving average price is $39.17 and its two-hundred day moving average price is $34.24.

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

Vishay Intertechnology Dividend Announcement

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

Vishay Intertechnology Company Profile

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.