Intech Investment Management LLC Makes New Investment in Vishay Intertechnology, Inc. (NYSE:VSH)

Intech Investment Management LLC acquired a new stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,280 shares of the semiconductor company’s stock, valued at approximately $818,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Deprince Race & Zollo Inc. lifted its stake in Vishay Intertechnology by 94.0% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 3,129,207 shares of the semiconductor company’s stock worth $69,781,000 after purchasing an additional 1,516,368 shares in the last quarter. Poplar Forest Capital LLC bought a new stake in Vishay Intertechnology during the 2nd quarter valued at $21,160,000. American Century Companies Inc. lifted its stake in Vishay Intertechnology by 12.7% in the second quarter. American Century Companies Inc. now owns 3,109,768 shares of the semiconductor company’s stock worth $69,348,000 after acquiring an additional 350,512 shares during the period. Bernzott Capital Advisors bought a new position in shares of Vishay Intertechnology during the third quarter valued at approximately $5,378,000. Finally, Janus Henderson Group PLC boosted its position in Vishay Intertechnology by 53.7% during the 1st quarter. Janus Henderson Group PLC now owns 747,269 shares of the semiconductor company’s stock valued at $16,947,000 after acquiring an additional 261,175 shares in the last quarter. 93.66% of the stock is owned by institutional investors.

Vishay Intertechnology Trading Up 4.2 %

Shares of NYSE:VSH opened at $18.96 on Friday. The business has a 50 day moving average of $17.58 and a two-hundred day moving average of $20.36. Vishay Intertechnology, Inc. has a 12-month low of $14.95 and a 12-month high of $24.72. The company has a market capitalization of $2.58 billion, a PE ratio of 30.58 and a beta of 1.09. The company has a current ratio of 2.81, a quick ratio of 1.85 and a debt-to-equity ratio of 0.38.

Vishay Intertechnology (NYSE:VSH) last released its earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). Vishay Intertechnology had a return on equity of 5.35% and a net margin of 2.88%. The company had revenue of $735.35 million for the quarter, compared to analysts’ expectations of $748.84 million. During the same period in the prior year, the firm earned $0.60 EPS. The firm’s revenue for the quarter was down 13.9% on a year-over-year basis. As a group, analysts forecast that Vishay Intertechnology, Inc. will post 0.55 EPS for the current year.

Vishay Intertechnology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.40 annualized dividend and a yield of 2.11%. Vishay Intertechnology’s payout ratio is 64.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on VSH shares. TD Cowen cut their price target on shares of Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. StockNews.com lowered Vishay Intertechnology from a “hold” rating to a “sell” rating in a research report on Wednesday.

About Vishay Intertechnology

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.