319,213 Shares in Vishay Intertechnology, Inc. $VSH Purchased by Legal & General Group Plc

Legal & General Group Plc acquired a new stake in Vishay Intertechnology, Inc. (NYSE:VSH) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 319,213 shares of the semiconductor company’s stock, valued at approximately $17,167,000. Legal & General Group Plc owned 0.23% of Vishay Intertechnology at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Rockefeller Capital Management L.P. raised its stake in shares of 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 in the last quarter. Carolina Wealth Advisors LLC bought a new position in Vishay Intertechnology in the second quarter worth approximately $32,000. Quarry LP purchased a new position in Vishay Intertechnology during the 3rd quarter worth $39,000. Rakuten Securities Inc. bought a new stake in Vishay Intertechnology during the 2nd quarter valued at $47,000. Finally, Allworth Financial LP bought a new position in shares of Vishay Intertechnology during the 2nd quarter worth $54,000. 93.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on VSH shares. Zacks Research downgraded Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Bank of America increased their target price on shares of Vishay Intertechnology from $18.00 to $28.00 and gave the stock an “underperform” rating in a report on Thursday, May 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Vishay Intertechnology in a research report on Monday, August 24th. Raymond James Financial began coverage on shares of Vishay Intertechnology in a research note on Tuesday, August 4th. They set an “outperform” rating and a $40.00 price objective on the stock. Finally, Wall Street Zen raised shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $33.25.

Vishay Intertechnology Stock Down 0.2%

Shares of Vishay Intertechnology stock opened at $30.50 on Monday. 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 company has a market cap of $4.68 billion, a P/E ratio of 160.53 and a beta of 1.81. The firm’s 50 day moving average price is $39.84 and its 200-day moving average price is $34.16. Vishay Intertechnology, Inc. has a 52-week low of $11.77 and a 52-week high of $69.47.

Vishay Intertechnology (NYSE:VSH) last posted its earnings results on Wednesday, August 5th. The semiconductor company reported $0.19 EPS for the quarter, beating 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 company 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 company posted ($0.07) earnings per share. Vishay Intertechnology’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, sell-side analysts predict that Vishay Intertechnology, Inc. will post 0.86 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors 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 dividend payout ratio is currently 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.