UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Position in Vishay Intertechnology, Inc. $VSH

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Vishay Intertechnology, Inc. (NYSE:VSH) by 56.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 185,058 shares of the semiconductor company’s stock after selling 237,605 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Vishay Intertechnology were worth $9,952,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of VSH. Hsbc Holdings PLC purchased a new position in Vishay Intertechnology in the 1st quarter worth approximately $574,000. Dimensional Fund Advisors LP lifted its position in shares of Vishay Intertechnology by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 7,102,376 shares of the semiconductor company’s stock worth $127,830,000 after purchasing an additional 208,472 shares in the last quarter. SummitTX Capital L.P. purchased a new position in shares of Vishay Intertechnology in the first quarter valued at $2,555,000. Edgestream Partners L.P. grew its holdings in Vishay Intertechnology by 127.4% during the 1st quarter. Edgestream Partners L.P. now owns 316,191 shares of the semiconductor company’s stock valued at $5,691,000 after purchasing an additional 177,151 shares in the last quarter. Finally, Mizuho Markets Americas LLC grew its holdings in Vishay Intertechnology by 71.0% during the 1st quarter. Mizuho Markets Americas LLC now owns 963,167 shares of the semiconductor company’s stock valued at $17,337,000 after purchasing an additional 399,800 shares in the last quarter. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

Vishay Intertechnology Trading Up 0.2%

Shares of NYSE VSH opened at $31.86 on Monday. The company has a quick ratio of 1.27, a current ratio of 1.80 and a debt-to-equity ratio of 0.08. The stock’s 50 day moving average price is $37.02 and its two-hundred day moving average price is $34.55. Vishay Intertechnology, Inc. has a 52-week low of $11.77 and a 52-week high of $69.47. The stock has a market capitalization of $4.89 billion, a P/E ratio of 167.69, a PEG ratio of 3.74 and a beta of 1.80.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 1.84% and a net margin of 0.86%.The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.07) EPS. On average, analysts anticipate that Vishay Intertechnology, Inc. will post 0.85 earnings per share for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given 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 is Thursday, September 10th. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 210.53%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Bank of America lifted their price objective on Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a report on Thursday, May 14th. Truist Financial initiated coverage on shares of Vishay Intertechnology in a research report on Thursday. They set a “buy” rating and a $42.00 price target for the company. Raymond James Financial initiated coverage on shares of Vishay Intertechnology in a research note on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 price target for the company. Needham & Company LLC started coverage on shares of Vishay Intertechnology in a report on Tuesday, August 4th. They issued a “buy” rating and a $45.00 price target on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Vishay Intertechnology in a research note on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Vishay Intertechnology has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

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.