Vishay Intertechnology, Inc. $VSH Stock Acquired by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. increased its stake in Vishay Intertechnology, Inc. (NYSE:VSH) by 16.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 270,513 shares of the semiconductor company’s stock after purchasing an additional 38,517 shares during the period. Pinnacle Associates Ltd.’s holdings in Vishay Intertechnology were worth $8,805,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VSH. Nisa Investment Advisors LLC raised its stake in shares of Vishay Intertechnology by 9.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 13,190 shares of the semiconductor company’s stock valued at $429,000 after purchasing an additional 1,182 shares during the period. Net Worth Advisory Group bought a new stake in shares of Vishay Intertechnology in the third quarter valued at about $693,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Vishay Intertechnology during the third quarter worth about $282,000. Assenagon Asset Management S.A. acquired a new position in shares of Vishay Intertechnology during the third quarter worth about $38,800,000. Finally, Fortitude Family Office LLC boosted its position in shares of Vishay Intertechnology by 988.5% during the third quarter. Fortitude Family Office LLC now owns 1,611 shares of the semiconductor company’s stock worth $52,000 after buying an additional 1,463 shares during the period. 93.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Oppenheimer lifted their target price on Vishay Intertechnology from $42.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 8th. Truist Financial began coverage on Vishay Intertechnology in a research report on Thursday, September 3rd. They set a “buy” rating and a $42.00 price target for the company. Weiss Ratings downgraded Vishay Intertechnology from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 25th. Zacks Research raised shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Finally, Wall Street Zen upgraded shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.67.

Insider Transactions at Vishay Intertechnology

In related news, Director Raanan Zilberman sold 16,575 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $35.82, for a total transaction of $593,716.50. Following the completion of the transaction, the director directly owned 31,937 shares of the company’s stock, valued at approximately $1,143,983.34. This represents a 34.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 8.35% of the company’s stock.

Vishay Intertechnology Stock Up 4.9%

Shares of VSH stock opened at $29.97 on Thursday. The firm’s fifty day moving average price is $32.14 and its two-hundred day moving average price is $37.86. 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 1 year low of $11.77 and a 1 year high of $69.47. The firm has a market capitalization of $4.60 billion, a P/E ratio of 157.73, a PEG ratio of 3.37 and a beta of 1.79.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. The company had revenue of $918.58 million during the quarter, compared to the consensus estimate of $897.03 million. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. The company’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.07) EPS. On average, equities analysts predict that Vishay Intertechnology, Inc. will post 0.85 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, September 10th. Vishay Intertechnology’s dividend payout ratio is presently 210.53%.

About Vishay Intertechnology

Vishay Intertechnology, Inc is a global manufacturer of electronic components used in industrial, automotive, computing, telecommunications, consumer electronics, aerospace and defense, and medical applications. The company’s portfolio includes passive components and semiconductor products that support power management, signal processing, sensing, connectivity and energy conversion.

Its products include resistors, capacitors, inductors, diodes, rectifiers, power MOSFETs, optoelectronic components, sensors, transducers and related power and circuit-protection devices.