Valliance Asset Management Ltd Makes New Investment in Vishay Intertechnology, Inc. $VSH

Valliance Asset Management Ltd purchased a new stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 2,722,290 shares of the semiconductor company’s stock, valued at approximately $146,405,000. Vishay Intertechnology makes up 16.9% of Valliance Asset Management Ltd’s investment portfolio, making the stock its 5th biggest holding.

A number of other hedge funds have also modified their holdings of the business. Carolina Wealth Advisors LLC purchased a new position in shares of Vishay Intertechnology during the 2nd quarter worth approximately $32,000. ProShare Advisors LLC boosted its stake in shares of 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 purchasing an additional 699 shares during the period. GAMMA Investing LLC raised its position in Vishay Intertechnology by 8.2% in the 2nd quarter. GAMMA Investing LLC now owns 9,261 shares of the semiconductor company’s stock valued at $498,000 after purchasing an additional 702 shares in the last quarter. Rakuten Securities Inc. acquired a new position in shares of Vishay Intertechnology during the second quarter worth about $47,000. Finally, Allworth Financial LP acquired a new stake in Vishay Intertechnology in the second quarter valued at approximately $54,000. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

Vishay Intertechnology Stock Performance

Shares of VSH stock traded down $0.75 during midday trading on Friday, hitting $31.08. The company had a trading volume of 730,561 shares, compared to its average volume of 4,538,621. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 163.59 and a beta of 1.81. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.80 and a quick ratio of 1.27. The company’s 50 day simple moving average is $43.58 and its 200 day simple moving average is $33.69. Vishay Intertechnology, Inc. has a 52-week low of $11.77 and a 52-week high of $69.47.

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

Vishay Intertechnology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.3%. Vishay Intertechnology’s dividend payout ratio is 210.53%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VSH. Bank of America raised their price target on Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a research note on Thursday, May 14th. Needham & Company LLC assumed coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They set a “buy” rating and a $45.00 target price on the stock. Wall Street Zen raised Vishay Intertechnology from a “hold” rating to a “buy” rating in a report 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. Finally, Raymond James Financial assumed coverage on shares of Vishay Intertechnology in a research report on Tuesday, August 4th. They set an “outperform” rating and a $40.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Vishay Intertechnology has a consensus rating of “Hold” and an average target price of $33.25.

Vishay Intertechnology Company 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.