Vishay Intertechnology, Inc. $VSH is Needham Investment Management LLC’s 10th Largest Position

Needham Investment Management LLC boosted its holdings in Vishay Intertechnology, Inc. (NYSE:VSH) by 29.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,375,000 shares of the semiconductor company’s stock after buying an additional 545,650 shares during the quarter. Vishay Intertechnology makes up about 2.2% of Needham Investment Management LLC’s holdings, making the stock its 10th largest position. Needham Investment Management LLC’s holdings in Vishay Intertechnology were worth $34,414,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. ProShare Advisors LLC lifted its position in Vishay Intertechnology by 3.1% in the fourth quarter. ProShare Advisors LLC now owns 23,569 shares of the semiconductor company’s stock valued at $342,000 after acquiring an additional 699 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Vishay Intertechnology by 0.3% during the fourth quarter. State of Alaska Department of Revenue now owns 248,135 shares of the semiconductor company’s stock worth $3,595,000 after purchasing an additional 743 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of Vishay Intertechnology by 7.4% during the second quarter. Corient Private Wealth LLC now owns 18,598 shares of the semiconductor company’s stock worth $295,000 after purchasing an additional 1,288 shares during the last quarter. Verdence Capital Advisors LLC increased its position in shares of Vishay Intertechnology by 4.2% during the fourth quarter. Verdence Capital Advisors LLC now owns 34,439 shares of the semiconductor company’s stock worth $499,000 after purchasing an additional 1,399 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Vishay Intertechnology by 0.6% during the fourth quarter. Franklin Resources Inc. now owns 254,102 shares of the semiconductor company’s stock worth $3,682,000 after purchasing an additional 1,508 shares in the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VSH. Zacks Research upgraded Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Wall Street Zen lowered shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Bank of America lifted their target price on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a report on Thursday, May 14th. Finally, Weiss Ratings upgraded shares of Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Vishay Intertechnology Stock Performance

NYSE:VSH opened at $63.60 on Tuesday. Vishay Intertechnology, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $66.65. The company has a market cap of $8.66 billion, a P/E ratio of 6,359.50 and a beta of 1.76. The company has a quick ratio of 1.53, a current ratio of 2.64 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $38.30 and its two-hundred day moving average is $24.63.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Wednesday, May 13th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $839.24 million during the quarter, compared to analyst estimates of $823.54 million. Vishay Intertechnology had a net margin of 0.07% and a return on equity of 0.22%. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.03) earnings per share. Analysts expect that Vishay Intertechnology, Inc. will post 0.75 EPS for the current year.

Vishay Intertechnology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Thursday, June 18th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.40 annualized dividend and a yield of 0.6%. Vishay Intertechnology’s dividend payout ratio (DPR) is 4,000.00%.

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.