SummitTX Capital L.P. Takes Position in Vishay Intertechnology, Inc. $VSH

SummitTX Capital L.P. bought a new position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 141,936 shares of the semiconductor company’s stock, valued at approximately $2,555,000.

Other hedge funds have also recently bought and sold shares of the company. Mizuho Markets Americas LLC increased its holdings in Vishay Intertechnology by 71.0% during the 1st quarter. Mizuho Markets Americas LLC now owns 963,167 shares of the semiconductor company’s stock worth $17,337,000 after purchasing an additional 399,800 shares in the last quarter. Dana Investment Advisors Inc. lifted its holdings in shares of Vishay Intertechnology by 30.4% in the fourth quarter. Dana Investment Advisors Inc. now owns 185,302 shares of the semiconductor company’s stock valued at $2,685,000 after purchasing an additional 43,149 shares in the last quarter. Dean Capital Management lifted its holdings in shares of Vishay Intertechnology by 317.1% in the first quarter. Dean Capital Management now owns 92,643 shares of the semiconductor company’s stock valued at $1,668,000 after purchasing an additional 70,432 shares in the last quarter. Bernzott Capital Advisors boosted its position in shares of Vishay Intertechnology by 12.9% during the fourth quarter. Bernzott Capital Advisors now owns 549,780 shares of the semiconductor company’s stock worth $7,966,000 after buying an additional 62,753 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of Vishay Intertechnology by 355.0% during the fourth quarter. SG Americas Securities LLC now owns 149,461 shares of the semiconductor company’s stock worth $2,166,000 after buying an additional 116,609 shares in the last quarter. 93.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on VSH shares. Weiss Ratings raised Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Bank of America upped their price target on Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a research report on Thursday, May 14th. Wall Street Zen cut shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Zacks Research downgraded shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $24.00.

Vishay Intertechnology Trading Down 12.1%

Shares of NYSE:VSH opened at $32.68 on Wednesday. The company’s 50-day moving average price is $50.34 and its two-hundred day moving average price is $31.80. Vishay Intertechnology, Inc. has a one year low of $11.77 and a one year high of $69.47. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.64 and a quick ratio of 1.53. The stock has a market capitalization of $4.45 billion, a PE ratio of 3,268.10 and a beta of 1.76.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings data on Wednesday, May 13th. The semiconductor company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. The company had revenue of $839.24 million during the quarter, compared to analysts’ expectations of $823.54 million. Vishay Intertechnology had a return on equity of 0.22% and a net margin of 0.07%.Vishay Intertechnology’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.03) EPS. On average, equities analysts forecast that Vishay Intertechnology, Inc. will post 0.75 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 18th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.40 annualized dividend and a yield of 1.2%. Vishay Intertechnology’s dividend payout ratio is 4,000.00%.

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.