Legato Capital Management LLC Buys 5,560 Shares of Vishay Intertechnology, Inc. (NYSE:VSH)

Legato Capital Management LLC increased its holdings in Vishay Intertechnology, Inc. (NYSE:VSH) by 30.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,651 shares of the semiconductor company’s stock after acquiring an additional 5,560 shares during the period. Legato Capital Management LLC’s holdings in Vishay Intertechnology were worth $527,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. grew its holdings in shares of Vishay Intertechnology by 403.6% in the first quarter. Russell Investments Group Ltd. now owns 346,017 shares of the semiconductor company’s stock valued at $7,848,000 after acquiring an additional 277,311 shares in the last quarter. M&G Plc bought a new position in shares of Vishay Intertechnology in the first quarter valued at approximately $6,016,000. Janus Henderson Group PLC grew its holdings in shares of Vishay Intertechnology by 53.7% in the first quarter. Janus Henderson Group PLC now owns 747,269 shares of the semiconductor company’s stock valued at $16,947,000 after acquiring an additional 261,175 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Vishay Intertechnology by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 14,204,857 shares of the semiconductor company’s stock valued at $340,490,000 after acquiring an additional 68,418 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Vishay Intertechnology by 12.2% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 478,100 shares of the semiconductor company’s stock valued at $11,460,000 after acquiring an additional 52,050 shares in the last quarter. 93.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, TD Cowen reduced 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 Price Performance

Vishay Intertechnology stock opened at $20.21 on Wednesday. Vishay Intertechnology, Inc. has a 12 month low of $19.54 and a 12 month high of $27.81. The company has a current ratio of 2.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.38. The business’s 50 day simple moving average is $22.06 and its 200 day simple moving average is $22.36. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 11.61 and a beta of 1.12.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. Vishay Intertechnology had a return on equity of 8.72% and a net margin of 5.48%. The business had revenue of $741.20 million for the quarter, compared to the consensus estimate of $754.71 million. During the same quarter in the prior year, the business earned $0.68 earnings per share. Vishay Intertechnology’s revenue for the quarter was down 16.9% on a year-over-year basis. Sell-side analysts forecast that Vishay Intertechnology, Inc. will post 0.72 EPS for the current year.

Vishay Intertechnology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Tuesday, September 10th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.40 annualized dividend and a yield of 1.98%. Vishay Intertechnology’s payout ratio is 22.99%.

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.