Vishay Intertechnology, Inc. $VSH Stock: Capstone Capital Management Ltd Raises Holdings

Capstone Capital Management Ltd raised its holdings in Vishay Intertechnology, Inc. (NYSE:VSH) by 409.5% during the 3rd quarter, Holdings Channel reports. The firm owned 182,901 shares of the semiconductor company’s stock after buying an additional 147,000 shares during the quarter. Vishay Intertechnology makes up about 2.4% of Capstone Capital Management Ltd’s holdings, making the stock its 5th largest holding. Capstone Capital Management Ltd’s holdings in Vishay Intertechnology were worth $5,953,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VSH. Pinnacle Associates Ltd. raised its position in shares of Vishay Intertechnology by 16.6% during the 3rd quarter. Pinnacle Associates Ltd. now owns 270,513 shares of the semiconductor company’s stock worth $8,805,000 after purchasing an additional 38,517 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Vishay Intertechnology by 9.8% in the third quarter. Nisa Investment Advisors LLC now owns 13,190 shares of the semiconductor company’s stock valued at $429,000 after purchasing an additional 1,182 shares in the last quarter. Net Worth Advisory Group purchased a new position in Vishay Intertechnology during the third quarter worth approximately $693,000. Counterpoint Mutual Funds LLC acquired a new position in Vishay Intertechnology during the third quarter worth $282,000. Finally, Assenagon Asset Management S.A. purchased a new stake in Vishay Intertechnology in the 3rd quarter valued at $38,800,000. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Vishay Intertechnology Trading Down 0.3%

VSH opened at $28.45 on Wednesday. The company has a market cap of $4.36 billion, a P/E ratio of 149.76, a PEG ratio of 3.36 and a beta of 1.79. 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 0.08, a quick ratio of 1.27 and a current ratio of 1.80. The business’s 50-day simple moving average is $32.21 and its 200-day simple moving average is $37.78.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.15 by $0.04. The firm had revenue of $918.58 million for the quarter, compared to analyst estimates of $897.03 million. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. Vishay Intertechnology’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period last year, the business earned ($0.07) EPS. As a group, equities research analysts expect that Vishay Intertechnology, Inc. will post 0.85 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were paid a $0.10 dividend. The ex-dividend date was Thursday, September 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. Vishay Intertechnology’s payout ratio is currently 210.53%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Vishay Intertechnology from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 25th. Wall Street Zen raised shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Truist Financial initiated coverage on shares of Vishay Intertechnology in a research report on Thursday, September 3rd. They set a “buy” rating and a $42.00 price objective for the company. Zacks Research raised Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Finally, Raymond James Financial initiated 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. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $36.67.

Insider Activity

In other Vishay Intertechnology news, Director Raanan Zilberman sold 16,575 shares of Vishay Intertechnology stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $35.82, for a total value of $593,716.50. Following the transaction, the director directly owned 31,937 shares in the company, valued at approximately $1,143,983.34. This trade represents a 34.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.35% of the stock is currently owned by corporate insiders.

About Vishay Intertechnology

Vishay Intertechnology, Inc is a global manufacturer of electronic components used in industrial, automotive, computing, telecommunications, consumer electronics, aerospace and defense, and medical applications. The company’s portfolio includes passive components and semiconductor products that support power management, signal processing, sensing, connectivity and energy conversion.

Its products include resistors, capacitors, inductors, diodes, rectifiers, power MOSFETs, optoelectronic components, sensors, transducers and related power and circuit-protection devices.