Gallagher Fiduciary Advisors LLC Acquires New Shares in Vishay Intertechnology, Inc. $VSH

Gallagher Fiduciary Advisors LLC purchased a new position in Vishay Intertechnology, Inc. (NYSE:VSH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,153 shares of the semiconductor company’s stock, valued at approximately $1,245,000.

Several other hedge funds also recently bought and sold shares of VSH. Rockefeller Capital Management L.P. boosted its holdings 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 valued at $30,000 after purchasing an additional 1,402 shares during the period. Carolina Wealth Advisors LLC bought a new position in shares of Vishay Intertechnology in the second quarter worth $32,000. Quarry LP bought a new position in shares of Vishay Intertechnology in the third quarter worth $39,000. Rakuten Securities Inc. purchased a new stake in shares of Vishay Intertechnology in the second quarter worth $47,000. Finally, Allworth Financial LP bought a new stake in Vishay Intertechnology during the second quarter valued at $54,000. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Vishay Intertechnology Stock Up 3.1%

VSH opened at $31.39 on Wednesday. The business’s fifty day simple moving average is $41.78 and its 200 day simple moving average is $33.92. Vishay Intertechnology, Inc. has a 52 week low of $11.77 and a 52 week high of $69.47. 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 has a market cap of $4.81 billion, a PE ratio of 165.19 and a beta of 1.81.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $897.03 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The company’s revenue was up 16.6% compared to the same quarter last year. As a group, research analysts expect that Vishay Intertechnology, Inc. will post 0.86 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be given a $0.10 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. Vishay Intertechnology’s payout ratio is presently 210.53%.

Analyst Ratings Changes

VSH has been the subject of several recent analyst reports. Wall Street Zen upgraded Vishay Intertechnology from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Raymond James Financial assumed coverage on Vishay Intertechnology in a report on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 price target on the stock. Bank of America boosted 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. Weiss Ratings raised shares of Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Finally, Needham & Company LLC assumed coverage on shares of Vishay Intertechnology in a research report on Tuesday, August 4th. They set a “buy” rating and a $45.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Vishay Intertechnology has a consensus rating of “Hold” and an average price target of $33.25.

About Vishay Intertechnology

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.