Needham Investment Management LLC Acquires 545,650 Shares of Vishay Intertechnology, Inc. $VSH

Needham Investment Management LLC lifted its holdings in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 29.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,375,000 shares of the semiconductor company’s stock after acquiring an additional 545,650 shares during the period. Vishay Intertechnology makes up approximately 2.2% of Needham Investment Management LLC’s investment portfolio, making the stock its 10th largest holding. Needham Investment Management LLC owned 1.75% of Vishay Intertechnology worth $34,414,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of VSH. Jones Financial Companies Lllp boosted its stake in Vishay Intertechnology by 709.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,797 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 1,575 shares in the last quarter. Quarry LP purchased a new position in Vishay Intertechnology in the 3rd quarter worth $39,000. Empowered Funds LLC purchased a new stake in Vishay Intertechnology during the 4th quarter valued at about $57,000. Hantz Financial Services Inc. raised its stake in shares of Vishay Intertechnology by 255.8% in the fourth quarter. Hantz Financial Services Inc. now owns 5,124 shares of the semiconductor company’s stock worth $74,000 after purchasing an additional 3,684 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Vishay Intertechnology during the fourth quarter worth about $87,000. Institutional investors and hedge funds own 93.66% of the company’s stock.

Analyst Upgrades and Downgrades

VSH has been the topic of a number of recent research reports. Bank of America upped their target price on Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a research report on Thursday, May 14th. Wall Street Zen cut shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Zacks Research raised shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings raised shares of Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Vishay Intertechnology has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Vishay Intertechnology Trading Up 7.1%

Shares of VSH opened at $63.60 on Tuesday. Vishay Intertechnology, Inc. has a 52-week low of $11.77 and a 52-week high of $66.65. The company has a quick ratio of 1.53, a current ratio of 2.64 and a debt-to-equity ratio of 0.47. The stock has a market cap of $8.66 billion, a PE ratio of 6,359.50 and a beta of 1.76. The firm’s fifty day moving average is $38.30 and its two-hundred day moving average is $24.63.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Wednesday, May 13th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. Vishay Intertechnology had a net margin of 0.07% and a return on equity of 0.22%. The firm had revenue of $839.24 million during the quarter, compared to analysts’ expectations of $823.54 million. During the same period last year, the business earned ($0.03) earnings per share. Vishay Intertechnology’s revenue was up 17.3% compared to the same quarter last year. Research analysts forecast that Vishay Intertechnology, Inc. will post 0.75 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 Monday, June 29th. Shareholders of record on Thursday, June 18th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.6%. Vishay Intertechnology’s dividend payout ratio (DPR) is currently 4,000.00%.

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.