Man Group plc Acquires New Holdings in Vishay Intertechnology, Inc. $VSH

Man Group plc bought a new stake in Vishay Intertechnology, Inc. (NYSE:VSH) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 23,617 shares of the semiconductor company’s stock, valued at approximately $1,270,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Rockefeller Capital Management L.P. grew its holdings in shares of Vishay Intertechnology by 212.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,062 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 1,402 shares during the period. Carolina Wealth Advisors LLC acquired a new stake in Vishay Intertechnology during the 2nd quarter worth $32,000. Quarry LP bought a new position in Vishay Intertechnology during the third quarter worth about $39,000. Rakuten Securities Inc. bought a new position in Vishay Intertechnology during the second quarter worth about $47,000. Finally, Allworth Financial LP acquired a new position in Vishay Intertechnology in the second quarter valued at about $54,000. 93.66% of the stock is owned by institutional investors.

Vishay Intertechnology Trading Up 3.4%

Shares of NYSE:VSH opened at $30.64 on Thursday. Vishay Intertechnology, Inc. has a one year low of $11.77 and a one year high of $69.47. The stock has a market capitalization of $4.70 billion, a PE ratio of 161.26, a price-to-earnings-growth ratio of 3.46 and a beta of 1.80. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.80 and a quick ratio of 1.27. The company’s 50-day moving average price is $38.09 and its two-hundred day moving average price is $34.38.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly 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 firm had revenue of $918.58 million during the quarter, compared to analysts’ expectations of $897.03 million. During the same quarter last year, the company posted ($0.07) earnings per share. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities analysts forecast that Vishay Intertechnology, Inc. will post 0.86 EPS for the current fiscal year.

Vishay Intertechnology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given 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 of this dividend is Thursday, September 10th. Vishay Intertechnology’s payout ratio is presently 210.53%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VSH. Raymond James Financial began coverage on Vishay Intertechnology in a report on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 price target for the company. Needham & Company LLC started coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They issued a “buy” rating and a $45.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Vishay Intertechnology in a research note on Monday, August 24th. Zacks Research downgraded shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Finally, Wall Street Zen upgraded shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $33.25.

Vishay Intertechnology 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.