GSA Capital Partners LLP Takes $2.01 Million Position in Vishay Intertechnology, Inc. $VSH

GSA Capital Partners LLP purchased a new position in shares of Vishay Intertechnology, Inc. (NYSE:VSH) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 131,125 shares of the semiconductor company’s stock, valued at approximately $2,006,000.

A number of other hedge funds have also recently added to or reduced their stakes in VSH. Norges Bank bought a new stake in shares of Vishay Intertechnology during the second quarter valued at approximately $84,496,000. Russell Investments Group Ltd. increased its stake in shares of Vishay Intertechnology by 110.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,346,964 shares of the semiconductor company’s stock valued at $21,390,000 after buying an additional 707,395 shares during the period. Balyasny Asset Management L.P. bought a new stake in shares of Vishay Intertechnology during the second quarter worth $7,264,000. Allianz Asset Management GmbH raised its position in shares of Vishay Intertechnology by 38.4% during the third quarter. Allianz Asset Management GmbH now owns 1,622,940 shares of the semiconductor company’s stock worth $24,831,000 after acquiring an additional 450,474 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Vishay Intertechnology during the second quarter valued at $6,167,000. Institutional investors own 93.66% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on VSH. Bank of America boosted their price objective on Vishay Intertechnology from $14.00 to $16.00 and gave the stock an “underperform” rating in a report on Thursday, January 22nd. Argus raised shares of Vishay Intertechnology to a “strong-buy” rating in a research note on Monday, February 9th. Zacks Research lowered shares of Vishay Intertechnology from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. JPMorgan Chase & Co. lifted their target price on shares of Vishay Intertechnology from $14.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Vishay Intertechnology in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $18.00.

Vishay Intertechnology Stock Down 2.6%

VSH stock opened at $18.89 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.57. The stock has a market capitalization of $2.56 billion, a P/E ratio of -269.75 and a beta of 1.14. Vishay Intertechnology, Inc. has a fifty-two week low of $10.35 and a fifty-two week high of $22.00. The business has a 50-day moving average of $17.14 and a 200-day moving average of $15.86.

Vishay Intertechnology (NYSE:VSH) last announced its earnings results on Wednesday, February 4th. The semiconductor company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). Vishay Intertechnology had a negative return on equity of 0.32% and a negative net margin of 0.29%.The business had revenue of $800.92 million for the quarter, compared to analyst estimates of $790.47 million. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Vishay Intertechnology, Inc. will post 0.53 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.40 annualized dividend and a yield of 2.1%. Vishay Intertechnology’s dividend payout ratio is -571.43%.

About Vishay Intertechnology

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.