FORA Capital LLC Invests $668,000 in Vishay Intertechnology, Inc. (NYSE:VSH)

FORA Capital LLC acquired a new stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 35,329 shares of the semiconductor company’s stock, valued at approximately $668,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of VSH. Matrix Trust Co purchased a new position in Vishay Intertechnology in the third quarter worth $25,000. Massmutual Trust Co. FSB ADV increased its stake in Vishay Intertechnology by 173.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,367 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 868 shares during the last quarter. nVerses Capital LLC bought a new position in Vishay Intertechnology in the 2nd quarter worth about $45,000. Northwestern Mutual Wealth Management Co. increased its stake in Vishay Intertechnology by 11,136.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,135 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 2,116 shares during the last quarter. Finally, Adirondack Trust Co. increased its stake in Vishay Intertechnology by 71.4% in the 3rd quarter. Adirondack Trust Co. now owns 4,800 shares of the semiconductor company’s stock worth $91,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors own 93.66% of the company’s stock.

Vishay Intertechnology Stock Performance

Shares of VSH opened at $18.96 on Friday. The business’s fifty day simple moving average is $17.58 and its two-hundred day simple moving average is $20.36. The company has a current ratio of 2.81, a quick ratio of 1.85 and a debt-to-equity ratio of 0.38. Vishay Intertechnology, Inc. has a 12 month low of $14.95 and a 12 month high of $24.72. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 30.58 and a beta of 1.09.

Vishay Intertechnology (NYSE:VSH) last released its earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.06). The company had revenue of $735.35 million for the quarter, compared to analysts’ expectations of $748.84 million. Vishay Intertechnology had a net margin of 2.88% and a return on equity of 5.35%. Vishay Intertechnology’s revenue for the quarter was down 13.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 earnings per share. Research analysts anticipate that Vishay Intertechnology, Inc. will post 0.55 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.11%. Vishay Intertechnology’s dividend payout ratio is currently 64.52%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VSH. StockNews.com cut Vishay Intertechnology from a “hold” rating to a “sell” rating in a report on Wednesday. TD Cowen dropped their target price on Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating for the company in a report on Thursday, August 8th.

Vishay Intertechnology Company 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.