BlueCrest Capital Management Ltd Purchases New Position in Vishay Intertechnology, Inc. $VSH

BlueCrest Capital Management Ltd acquired a new position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 200,000 shares of the semiconductor company’s stock, valued at approximately $10,756,000.

Other hedge funds have also made changes to their positions in the company. Carolina Wealth Advisors LLC bought a new position in shares of Vishay Intertechnology during the 2nd quarter worth $32,000. Rakuten Securities Inc. bought a new position in Vishay Intertechnology during the 2nd quarter worth about $47,000. Integrated Wealth Concepts LLC purchased a new position in Vishay Intertechnology during the 2nd quarter valued at about $49,000. Allworth Financial LP bought a new stake in shares of Vishay Intertechnology in the 2nd quarter valued at about $54,000. Finally, EFG International AG purchased a new stake in shares of Vishay Intertechnology in the 2nd quarter worth approximately $72,000. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on VSH. Needham & Company LLC began coverage on shares of Vishay Intertechnology in a report on Tuesday, August 4th. They set a “buy” rating and a $45.00 price objective on the stock. Zacks Research lowered Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Raymond James Financial started coverage on shares of Vishay Intertechnology in a report on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 target price for the company. Wall Street Zen cut shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. Finally, Truist Financial began coverage on shares of Vishay Intertechnology in a research report on Thursday, September 3rd. They issued a “buy” rating and a $42.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Vishay Intertechnology Stock Up 0.7%

Shares of VSH stock opened at $31.70 on Thursday. The stock’s fifty day moving average price is $35.69 and its 200 day moving average price is $34.81. Vishay Intertechnology, Inc. has a 1-year low of $11.77 and a 1-year high of $69.47. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 166.86, a price-to-earnings-growth ratio of 3.70 and a beta of 1.80. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.80 and a quick ratio of 1.27.

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. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%.The business had revenue of $918.58 million during the quarter, compared to the consensus estimate of $897.03 million. During the same quarter last year, the company earned ($0.07) earnings per share. The company’s quarterly revenue was up 16.6% on a year-over-year basis. On average, research analysts expect that Vishay Intertechnology, Inc. will post 0.85 earnings per share 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. Shareholders of record on Thursday, September 10th will be given 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 currently 210.53%.

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.