Oppenheimer Asset Management Inc. Acquires Shares of 96,285 Vishay Intertechnology, Inc. $VSH

Oppenheimer Asset Management Inc. bought a new stake in Vishay Intertechnology, Inc. (NYSE:VSH) during the 2nd quarter, HoldingsChannel reports. The fund bought 96,285 shares of the semiconductor company’s stock, valued at approximately $5,178,000.

Other institutional investors have also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. purchased a new position in shares of Vishay Intertechnology during the 4th quarter worth about $25,009,000. Woodline Partners LP raised its position in Vishay Intertechnology by 25.3% in the 3rd 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 period. Jain Global LLC lifted its stake in 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 purchasing an additional 813,472 shares during the last quarter. Two Sigma Investments LP lifted its stake in Vishay Intertechnology by 1,440.5% in the third quarter. Two Sigma Investments LP now owns 844,508 shares of the semiconductor company’s stock worth $12,921,000 after purchasing an additional 789,686 shares during the last quarter. Finally, UBS Group AG boosted its position in shares of Vishay Intertechnology by 173.0% during the fourth quarter. UBS Group AG now owns 995,668 shares of the semiconductor company’s stock valued at $14,427,000 after buying an additional 630,917 shares during the period. Institutional investors own 93.66% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on VSH shares. Zacks Research cut Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Raymond James Financial assumed coverage on Vishay Intertechnology in a research note 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 Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a report on Thursday, May 14th. Needham & Company LLC assumed coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They issued a “buy” rating and a $45.00 price objective on the stock. 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 analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $33.25.

Vishay Intertechnology Price Performance

Shares of VSH stock opened at $35.03 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.80 and a quick ratio of 1.27. The company has a market capitalization of $4.77 billion, a P/E ratio of 184.38 and a beta of 1.81. The company’s 50-day simple moving average is $45.50 and its two-hundred day simple moving average is $33.20. Vishay Intertechnology, Inc. has a one year low of $11.77 and a one year high of $69.47.

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

Vishay Intertechnology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, September 10th. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 210.53%.

Vishay Intertechnology Company 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.