Assenagon Asset Management S.A. Acquires 31,863 Shares of Vishay Intertechnology, Inc. (NYSE:VSH)

Assenagon Asset Management S.A. boosted its holdings in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 35.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 120,649 shares of the semiconductor company’s stock after buying an additional 31,863 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.09% of Vishay Intertechnology worth $2,281,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Matrix Trust Co bought a new stake in Vishay Intertechnology during the third quarter valued at approximately $25,000. Massmutual Trust Co. FSB ADV lifted its holdings in Vishay Intertechnology by 173.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,367 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 868 shares in the last quarter. Bell Investment Advisors Inc lifted its holdings in Vishay Intertechnology by 122.5% during the first quarter. Bell Investment Advisors Inc now owns 1,424 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 784 shares in the last quarter. Headlands Technologies LLC lifted its holdings in Vishay Intertechnology by 95.7% during the first quarter. Headlands Technologies LLC now owns 1,583 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 774 shares in the last quarter. Finally, EntryPoint Capital LLC lifted its holdings in Vishay Intertechnology by 1,366.2% during the first quarter. EntryPoint Capital LLC now owns 1,950 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 1,817 shares in the last quarter. 93.66% of the stock is currently owned by institutional investors.

Vishay Intertechnology Price Performance

Shares of NYSE:VSH opened at $16.96 on Friday. Vishay Intertechnology, Inc. has a 1-year low of $16.94 and a 1-year high of $24.72. The firm’s 50 day simple moving average is $18.46 and its two-hundred day simple moving average is $21.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.98 and a quick ratio of 1.98. The company has a market capitalization of $2.32 billion, a P/E ratio of 13.78 and a beta of 1.09.

Vishay Intertechnology (NYSE:VSH) last released its earnings results on Wednesday, August 7th. The semiconductor company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. Vishay Intertechnology had a net margin of 5.48% and a return on equity of 8.72%. The firm had revenue of $741.20 million for the quarter, compared to the consensus estimate of $754.71 million. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The company’s quarterly revenue was down 16.9% compared to the same quarter last year. Research analysts expect that Vishay Intertechnology, Inc. will post 0.72 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 10th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Tuesday, September 10th. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 32.52%.

Wall Street Analyst Weigh In

Separately, TD Cowen lowered their price target on shares of Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating on the stock in a report on Thursday, August 8th.

Vishay Intertechnology Profile

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.