Pinnacle Associates Ltd. Acquires 38,517 Shares of Vishay Intertechnology, Inc. $VSH

Pinnacle Associates Ltd. boosted its holdings in Vishay Intertechnology, Inc. (NYSE:VSH) by 16.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 270,513 shares of the semiconductor company’s stock after buying an additional 38,517 shares during the period. Pinnacle Associates Ltd. owned approximately 0.18% of Vishay Intertechnology worth $8,805,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. grew its holdings in Vishay Intertechnology by 212.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 1,402 shares during the period. Carolina Wealth Advisors LLC bought a new stake in shares of Vishay Intertechnology during the 2nd quarter valued at $32,000. Rakuten Securities Inc. acquired a new position in shares of Vishay Intertechnology in the 2nd quarter valued at $47,000. Integrated Wealth Concepts LLC acquired a new position in shares of Vishay Intertechnology in the 2nd quarter valued at $49,000. Finally, Fortitude Family Office LLC lifted its stake in shares of Vishay Intertechnology by 988.5% in the 3rd quarter. Fortitude Family Office LLC now owns 1,611 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 1,463 shares during the period. 93.66% of the stock is owned by institutional investors.

Vishay Intertechnology Stock Up 4.9%

Shares of NYSE VSH opened at $29.97 on Thursday. Vishay Intertechnology, Inc. has a 52-week low of $11.77 and a 52-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 stock has a market cap of $4.60 billion, a P/E ratio of 157.73, a P/E/G ratio of 3.37 and a beta of 1.79. The firm has a 50 day moving average price of $32.14 and a 200 day moving average price of $37.86.

Vishay Intertechnology (NYSE:VSH) last posted 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. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%. The firm had revenue of $918.58 million during the quarter, compared to analysts’ expectations of $897.03 million. During the same period in the previous year, the firm earned ($0.07) earnings per share. The company’s revenue was up 16.6% on a year-over-year basis. Analysts expect that Vishay Intertechnology, Inc. will post 0.85 EPS for the current year.

Vishay Intertechnology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were given a $0.10 dividend. The ex-dividend date was Thursday, September 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.3%. Vishay Intertechnology’s payout ratio is currently 210.53%.

Insider Activity

In related news, Director Raanan Zilberman sold 16,575 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $35.82, for a total transaction of $593,716.50. Following the completion of the sale, the director directly owned 31,937 shares of the company’s stock, valued at approximately $1,143,983.34. This represents a 34.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 8.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VSH shares. Needham & Company LLC started coverage on Vishay Intertechnology in a research note on Tuesday, August 4th. They set a “buy” rating and a $45.00 price objective for the company. Truist Financial began coverage on Vishay Intertechnology in a report on Thursday, September 3rd. They issued a “buy” rating and a $42.00 price objective for the company. Weiss Ratings lowered Vishay Intertechnology from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 25th. Raymond James Financial assumed coverage on Vishay Intertechnology in a research note on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 target price on the stock. Finally, Zacks Research upgraded Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.67.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc is a global manufacturer of electronic components used in industrial, automotive, computing, telecommunications, consumer electronics, aerospace and defense, and medical applications. The company’s portfolio includes passive components and semiconductor products that support power management, signal processing, sensing, connectivity and energy conversion.

Its products include resistors, capacitors, inductors, diodes, rectifiers, power MOSFETs, optoelectronic components, sensors, transducers and related power and circuit-protection devices.