Ceredex Value Advisors LLC Invests $13 Million in Vishay Intertechnology, Inc. $VSH

Ceredex Value Advisors LLC bought a new position in Vishay Intertechnology, Inc. (NYSE:VSH) during the second quarter, Holdings Channel reports. The firm bought 241,750 shares of the semiconductor company’s stock, valued at approximately $13,001,000.

Other large investors have also added to or reduced their stakes in the company. Hsbc Holdings PLC purchased a new stake in shares of Vishay Intertechnology in the first quarter worth approximately $574,000. Dimensional Fund Advisors LP boosted 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 valued at $127,830,000 after buying an additional 208,472 shares during the last quarter. SummitTX Capital L.P. bought a new stake in Vishay Intertechnology during the first quarter worth $2,555,000. Edgestream Partners L.P. grew its holdings in Vishay Intertechnology by 127.4% during the first quarter. Edgestream Partners L.P. now owns 316,191 shares of the semiconductor company’s stock worth $5,691,000 after buying an additional 177,151 shares in the last quarter. Finally, Mizuho Markets Americas LLC raised its position in Vishay Intertechnology by 71.0% in the 1st quarter. Mizuho Markets Americas LLC now owns 963,167 shares of the semiconductor company’s stock valued at $17,337,000 after buying an additional 399,800 shares during the last quarter. Institutional investors own 93.66% of the company’s stock.

Vishay Intertechnology Stock Performance

Shares of Vishay Intertechnology stock opened at $31.76 on Friday. The business’s fifty day simple moving average is $43.58 and its 200 day simple moving average is $33.69. The company has a current ratio of 1.80, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. Vishay Intertechnology, Inc. has a 12 month low of $11.77 and a 12 month high of $69.47. The firm has a market capitalization of $4.87 billion, a P/E ratio of 167.17 and a beta of 1.81.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share (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 quarter in the prior year, the company earned ($0.07) EPS. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. As a group, analysts anticipate that Vishay Intertechnology, Inc. will post 0.86 EPS for the current year.

Vishay Intertechnology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be issued 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 of this dividend is Thursday, September 10th. Vishay Intertechnology’s payout ratio is 210.53%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wall Street Zen upgraded Vishay Intertechnology from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Zacks Research downgraded shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Bank of America boosted their price target on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a report on Thursday, May 14th. Finally, Raymond James Financial started coverage on shares of Vishay Intertechnology in a research report on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 price objective for the company. One 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 given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $33.25.

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.