Live Oak Private Wealth LLC Decreases Holdings in Vishay Intertechnology, Inc. $VSH

Live Oak Private Wealth LLC decreased its stake in Vishay Intertechnology, Inc. (NYSE:VSH) by 58.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 173,415 shares of the semiconductor company’s stock after selling 240,330 shares during the period. Vishay Intertechnology makes up 1.2% of Live Oak Private Wealth LLC’s portfolio, making the stock its 26th largest position. Live Oak Private Wealth LLC’s holdings in Vishay Intertechnology were worth $9,326,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Two Sigma Securities LLC bought a new position in shares of Vishay Intertechnology during the 2nd quarter valued at approximately $623,000. GTS Securities LLC bought a new stake in shares of Vishay Intertechnology in the 2nd quarter worth approximately $308,000. Hennessy Advisors Inc. bought a new stake in shares of Vishay Intertechnology in the 2nd quarter worth approximately $17,215,000. Wellington Management Group LLP lifted its stake in Vishay Intertechnology by 7.6% in the second quarter. Wellington Management Group LLP now owns 2,312,220 shares of the semiconductor company’s stock valued at $124,351,000 after purchasing an additional 162,447 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in Vishay Intertechnology in the second quarter valued at approximately $231,000. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

Vishay Intertechnology Stock Down 2.6%

VSH opened at $29.65 on Wednesday. The company has a 50 day moving average of $38.58 and a 200 day moving average of $34.30. The company has a market cap of $4.55 billion, a PE ratio of 156.06, a price-to-earnings-growth ratio of 3.55 and a beta of 1.80. Vishay Intertechnology, Inc. has a 12 month low of $11.77 and a 12 month high of $69.47. 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 (NYSE:VSH) last issued its earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. The business had revenue of $918.58 million for the quarter, compared to analysts’ expectations of $897.03 million. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.07) EPS. On average, sell-side analysts expect that Vishay Intertechnology, Inc. will post 0.86 EPS for the current 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 dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 10th. Vishay Intertechnology’s payout ratio is presently 210.53%.

Wall Street Analyst Weigh In

VSH has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Vishay Intertechnology in a research report on Monday, August 24th. Zacks Research cut Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Wall Street Zen upgraded Vishay Intertechnology from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Bank of America lifted their price objective on Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a report on Thursday, May 14th. Finally, Raymond James Financial began coverage on Vishay Intertechnology in a report on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $33.25.

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.