Tocqueville Asset Management L.P. Takes Position in Vishay Intertechnology, Inc. $VSH

Tocqueville Asset Management L.P. acquired a new position in Vishay Intertechnology, Inc. (NYSE:VSH) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 588,099 shares of the semiconductor company’s stock, valued at approximately $31,628,000.

Other institutional investors have also recently made changes to their positions in the company. Carolina Wealth Advisors LLC bought a new stake in Vishay Intertechnology during the 2nd quarter valued at approximately $32,000. Rockefeller Capital Management L.P. boosted its stake in Vishay Intertechnology by 212.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 1,402 shares during the period. Quarry LP bought a new position in Vishay Intertechnology in the 3rd quarter worth approximately $39,000. Empowered Funds LLC bought a new position in Vishay Intertechnology in the 4th quarter worth approximately $57,000. Finally, Somerset Trust Co purchased a new stake in Vishay Intertechnology during the 2nd quarter valued at approximately $256,000. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Wall Street Analysts Forecast Growth

VSH has been the topic of several research analyst reports. Raymond James Financial started coverage on shares of Vishay Intertechnology in a report on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 target price on the stock. Zacks Research cut shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Needham & Company LLC initiated 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. Wall Street Zen upgraded shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings raised shares of Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. One equities research 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 issued a Sell rating to the stock. According to data from MarketBeat, Vishay Intertechnology has an average rating of “Hold” and a consensus price target of $33.25.

Vishay Intertechnology Stock Performance

NYSE:VSH opened at $31.94 on Thursday. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 168.11 and a beta of 1.81. Vishay Intertechnology, Inc. has a 1 year low of $11.77 and a 1 year high of $69.47. The stock’s 50 day simple moving average is $44.11 and its two-hundred day simple moving average is $33.61. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.80 and a quick ratio of 1.27.

Vishay Intertechnology (NYSE:VSH) last posted its earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%.The firm had revenue of $918.58 million during the quarter, compared to the consensus estimate of $897.03 million. During the same period in the prior year, the company earned ($0.07) EPS. 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 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors 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 yield of 1.3%. Vishay Intertechnology’s dividend payout ratio 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.