Ceredex Value Advisors LLC Makes New $13 Million Investment in Vishay Intertechnology, Inc. $VSH

Ceredex Value Advisors LLC purchased a new position in Vishay Intertechnology, Inc. (NYSE:VSH) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 241,750 shares of the semiconductor company’s stock, valued at approximately $13,001,000. Ceredex Value Advisors LLC owned 0.18% of Vishay Intertechnology as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Rockefeller Capital Management L.P. boosted its position in Vishay Intertechnology by 212.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 1,402 shares during the last quarter. Carolina Wealth Advisors LLC bought a new position in shares of Vishay Intertechnology in the 2nd quarter worth about $32,000. Quarry LP acquired a new position in shares of Vishay Intertechnology in the 3rd quarter valued at about $39,000. Empowered Funds LLC acquired a new position in shares of Vishay Intertechnology in the 4th quarter valued at about $57,000. Finally, Hantz Financial Services Inc. boosted its position in shares of Vishay Intertechnology by 255.8% during the 4th quarter. Hantz Financial Services Inc. now owns 5,124 shares of the semiconductor company’s stock valued at $74,000 after purchasing an additional 3,684 shares in the last quarter. 93.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Weiss Ratings raised Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Needham & Company LLC started coverage on Vishay Intertechnology in a report on Tuesday, August 4th. They set a “buy” rating and a $45.00 price target on the stock. Raymond James Financial began 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. Zacks Research lowered shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Bank of America boosted their target price on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $33.25.

Vishay Intertechnology Stock Down 0.6%

VSH stock opened at $31.76 on Friday. The stock’s 50 day simple moving average is $43.58 and its 200 day simple moving average is $33.69. Vishay Intertechnology, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $69.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.80. The company has a market cap of $4.87 billion, a P/E ratio of 167.17 and a beta of 1.81.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $897.03 million. During the same quarter in the prior 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 0.86 earnings per share for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be issued a $0.10 dividend. 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 dividend payout ratio (DPR) is currently 210.53%.

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.