Gallagher Fiduciary Advisors LLC Buys New Shares in Vishay Intertechnology, Inc. $VSH

Gallagher Fiduciary Advisors LLC bought a new position in Vishay Intertechnology, Inc. (NYSE:VSH) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 23,153 shares of the semiconductor company’s stock, valued at approximately $1,245,000.

Several other hedge funds have also added to or reduced their stakes in VSH. Andar Capital Management HK Ltd purchased a new position in Vishay Intertechnology in the 2nd quarter worth approximately $160,000,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Vishay Intertechnology during the fourth quarter valued at approximately $25,009,000. William Blair Investment Management LLC purchased a new stake in shares of Vishay Intertechnology during the second quarter valued at approximately $79,095,000. Woodline Partners LP grew its holdings in shares of Vishay Intertechnology by 25.3% in the third quarter. Woodline Partners LP now owns 6,813,765 shares of the semiconductor company’s stock worth $104,251,000 after purchasing an additional 1,377,356 shares during the last quarter. Finally, Jain Global LLC increased its stake in shares of Vishay Intertechnology by 841.5% in the fourth quarter. Jain Global LLC now owns 910,143 shares of the semiconductor company’s stock worth $13,188,000 after buying an additional 813,472 shares during the period. 93.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on VSH. Raymond James Financial began coverage on shares of Vishay Intertechnology in a research report on Tuesday, August 4th. They set an “outperform” rating and a $40.00 price target for the company. Bank of America boosted their price objective on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a research report on Thursday, May 14th. Weiss Ratings raised shares of Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Zacks Research lowered shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Finally, Wall Street Zen raised Vishay Intertechnology from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $33.25.

Vishay Intertechnology Price Performance

Shares of Vishay Intertechnology stock opened at $31.39 on Wednesday. The business has a 50 day moving average of $41.78 and a 200 day moving average of $33.92. Vishay Intertechnology, Inc. has a 52 week low of $11.77 and a 52 week high of $69.47. The company has a market cap of $4.81 billion, a PE ratio of 165.19 and a beta of 1.81. The company has a quick ratio of 1.27, a current ratio of 1.80 and a debt-to-equity ratio of 0.08.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.04. The business had revenue of $918.58 million for 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 firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.07) earnings per share. As a group, equities research analysts forecast that Vishay Intertechnology, Inc. will post 0.86 earnings per share for the current year.

Vishay Intertechnology Announces Dividend

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

Vishay Intertechnology 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.