Man Group plc Invests $1.27 Million in Vishay Intertechnology, Inc. $VSH

Man Group plc purchased a new stake in Vishay Intertechnology, Inc. (NYSE:VSH) in the second quarter, HoldingsChannel reports. The firm purchased 23,617 shares of the semiconductor company’s stock, valued at approximately $1,270,000.

Other institutional investors have also made changes to their positions in the company. Jupiter Topco LLC acquired a new stake in Vishay Intertechnology during the second quarter worth approximately $2,942,000. J. Goldman & Co LP bought a new position in Vishay Intertechnology during the 2nd quarter worth $842,000. EFG International AG acquired a new position in Vishay Intertechnology in the 2nd quarter valued at $72,000. PDT Partners LLC acquired a new position in Vishay Intertechnology in the 2nd quarter valued at $6,127,000. Finally, Legal & General Group Plc bought a new stake in shares of Vishay Intertechnology during the 2nd quarter valued at $17,167,000. 93.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Bank of America increased their target price 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 reaffirmed a “hold (c)” rating on shares of Vishay Intertechnology in a research note on Monday, August 24th. 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 price objective for the company. Wall Street Zen upgraded shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Raymond James Financial initiated coverage on shares of Vishay Intertechnology in a report on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Vishay Intertechnology presently has an average rating of “Hold” and an average price target of $33.25.

Vishay Intertechnology Stock Performance

Vishay Intertechnology stock opened at $30.64 on Thursday. Vishay Intertechnology, Inc. has a 12-month low of $11.77 and a 12-month 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 business’s 50-day moving average price is $38.09 and its two-hundred day moving average price is $34.38. The stock has a market cap of $4.70 billion, a PE ratio of 161.26, a P/E/G ratio of 3.46 and a beta of 1.80.

Vishay Intertechnology (NYSE:VSH) last posted its earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. The firm had revenue of $918.58 million during the quarter, compared to analysts’ expectations of $897.03 million. During the same quarter in the prior year, the business earned ($0.07) earnings per share. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, analysts expect that Vishay Intertechnology, Inc. will post 0.86 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

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

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.