Legal & General Group Plc Purchases Shares of 319,213 Vishay Intertechnology, Inc. $VSH

Legal & General Group Plc purchased a new position in Vishay Intertechnology, Inc. (NYSE:VSH) in the second quarter, HoldingsChannel reports. The institutional investor purchased 319,213 shares of the semiconductor company’s stock, valued at approximately $17,167,000.

A number of other large investors have also recently bought and sold shares of VSH. Rockefeller Capital Management L.P. raised its position in Vishay Intertechnology by 212.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company’s stock worth $30,000 after buying an additional 1,402 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new position in Vishay Intertechnology in the second quarter valued at approximately $32,000. Quarry LP acquired a new position in Vishay Intertechnology in the third quarter valued at approximately $39,000. Rakuten Securities Inc. acquired a new position in Vishay Intertechnology in the second quarter valued at approximately $47,000. Finally, Allworth Financial LP purchased a new position in shares of Vishay Intertechnology during the 2nd quarter valued at approximately $54,000. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VSH. Wall Street Zen raised Vishay Intertechnology from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Zacks Research lowered Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Raymond James Financial assumed coverage on shares of Vishay Intertechnology in a research note on Tuesday, August 4th. They set an “outperform” rating and a $40.00 target price on the stock. Needham & Company LLC started coverage on Vishay Intertechnology in a report on Tuesday, August 4th. They issued a “buy” rating and a $45.00 target price for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Vishay Intertechnology in a report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $33.25.

Vishay Intertechnology Trading Down 0.2%

Shares of VSH stock opened at $30.50 on Monday. Vishay Intertechnology, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $69.47. The company has a 50 day moving average price of $39.84 and a 200 day moving average price of $34.16. The stock has a market capitalization of $4.68 billion, a P/E ratio of 160.53 and a beta of 1.81. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.80.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.15 by $0.04. The company had revenue of $918.58 million during the quarter, compared to analysts’ expectations of $897.03 million. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. The firm’s revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.07) EPS. Equities research analysts predict that Vishay Intertechnology, Inc. will post 0.86 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The business also recently announced 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. This represents a $0.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. Vishay Intertechnology’s payout ratio is presently 210.53%.

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.