Kovack Advisors Inc. Makes New Investment in Vishay Intertechnology, Inc. (NYSE:VSH)

Kovack Advisors Inc. purchased a new stake in Vishay Intertechnology, Inc. (NYSE:VSH) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 41,675 shares of the semiconductor company’s stock, valued at approximately $788,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Matrix Trust Co acquired a new position in Vishay Intertechnology in the third quarter valued at approximately $25,000. Massmutual Trust Co. FSB ADV raised its holdings 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 valued at $30,000 after buying an additional 868 shares during the period. Headlands Technologies LLC lifted its position in Vishay Intertechnology by 95.7% in the first quarter. Headlands Technologies LLC now owns 1,583 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 774 shares during the last quarter. EntryPoint Capital LLC boosted its stake 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 worth $44,000 after buying an additional 1,817 shares during the period. Finally, nVerses Capital LLC acquired a new stake in shares of Vishay Intertechnology during the second quarter valued at about $45,000. Institutional investors and hedge funds own 93.66% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on VSH shares. StockNews.com cut shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a research report on Monday. TD Cowen decreased their price target on Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th.

Vishay Intertechnology Stock Performance

NYSE VSH opened at $16.33 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 1.85. The company has a market cap of $2.23 billion, a P/E ratio of 26.34 and a beta of 1.09. The stock has a 50-day moving average of $17.97 and a two-hundred day moving average of $20.82. Vishay Intertechnology, Inc. has a 1-year low of $16.30 and a 1-year high of $24.72.

Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The business had revenue of $735.35 million during the quarter, compared to analyst estimates of $748.84 million. Vishay Intertechnology had a net margin of 2.88% and a return on equity of 5.35%. The company’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 EPS. As a group, analysts anticipate that Vishay Intertechnology, Inc. will post 0.55 EPS for the current year.

Vishay Intertechnology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Tuesday, December 3rd. Vishay Intertechnology’s dividend payout ratio is currently 64.52%.

About Vishay Intertechnology

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.