Twin Tree Management LP Purchases New Stake in Vishay Intertechnology, Inc. $VSH

Twin Tree Management LP acquired a new position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 31,522 shares of the semiconductor company’s stock, valued at approximately $1,695,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Carolina Wealth Advisors LLC bought a new position in shares of Vishay Intertechnology in the 2nd quarter worth about $32,000. ProShare Advisors LLC grew its position 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 last quarter. GAMMA Investing LLC raised its stake in Vishay Intertechnology by 8.2% during the second quarter. GAMMA Investing LLC now owns 9,261 shares of the semiconductor company’s stock worth $498,000 after acquiring an additional 702 shares during the period. Rakuten Securities Inc. acquired a new stake in Vishay Intertechnology during the second quarter worth about $47,000. Finally, Allworth Financial LP bought a new position in Vishay Intertechnology in the second quarter worth about $54,000. Institutional investors own 93.66% of the company’s stock.

Vishay Intertechnology Price Performance

Shares of VSH opened at $31.65 on Friday. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 166.59 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 one year low of $11.77 and a one year high of $69.47. The stock’s fifty day moving average is $43.02 and its 200-day moving average is $33.68.

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

Vishay Intertechnology Dividend Announcement

The business also recently declared 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. Vishay Intertechnology’s dividend payout ratio is currently 210.53%.

Analysts Set New Price Targets

A number of equities analysts have commented on VSH shares. Raymond James Financial started coverage on Vishay Intertechnology in a research note on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 target price for the company. Wall Street Zen upgraded Vishay Intertechnology from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. 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 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 objective for the company. Finally, Weiss Ratings upgraded Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.