Vishay Intertechnology, Inc., a well-known name in the semiconductor industry, recently garnered the attention of HighTower Advisors LLC. The institutional investor purchased 71,003 shares valued at $1,531,000 in the fourth quarter of last year, according to their most recent Form 13F filing with the Securities and Exchange Commission. With this new acquisition, HighTower Advisors LLC now owns 0.05% of Vishay Intertechnology’s stock.
Vishay Intertechnology is a manufacturer and distributor of discrete semiconductors and passive components. The company operates through several segments such as MOSFET (metal oxide semiconductor field-effect transistor), diodes, optoelectronic components, resistors, inductors, and capacitors. The MOSFET segment offers semiconductors that function as solid-state switches for controlling power.
On Friday morning, shares of Vishay Intertechnology opened at $25.97 on the New York Stock Exchange. The firm boasts a market capitalization of $3.63 billion with a P/E ratio of 8.49 and a beta of 1.30. Its debt-to-equity ratio stands at 0.26 with current and quick ratios at 3.08 and 2.20 respectively.
Interestingly enough, Vishay Intertechnology’s fifty-two-week low sits at $16.73 while its high stands at $26.09 providing investors with an idea regarding the volatility present in the semiconductor industry.
With HighTower Advisors LLC’s investment into Vishay Intertechnology’s stock we are left wondering whether or not other investors will follow suit? Will this new stake signal an uptick in trading activity? Only time will tell but one thing remains certain: it is pivotal to keep close track of large institutional investments like these when assessing changes within companies’ stocks.
Investors Show Confidence in Vishay Intertechnology’s Growth Potential
Vishay Intertechnology: A Solid Option for Investment
Institutional investors and hedge funds have increased their stakes in Vishay Intertechnology, a manufacturer and distributor of discrete semiconductors and passive components. Several other hedge funds and institutional investors have acquired shares of VSH recently, including Price T Rowe Associates Inc. MD, which raised its stake by 1.4%, Kovack Advisors Inc., which boosted its stake by 0.9%, Los Angeles Capital Management LLC, which increased its holdings by 2.4% during the fourth quarter, Somerset Trust Co, lifting its position by 4.5% during the same period, and Oregon Public Employees Retirement Fund that lifted its position in VSH by 1.4% in the third quarter.
These acquisitions indicate the trust investors have placed on Vishay Intertechnology’s growth potential. It operates through various segments such as MOSFETs (metal oxide semiconductor field-effect transistors), optoelectronic components and capacitors.
In May 2021, StockNews.com raised Vishay Intertechnology’s shares from a hold rating to buy rating after it announced impressive results for Q1 of 2021.In the same period last year, Vishay posted $0.71 EPS while it recorded $0.79 EPS beating analyst expectations of $0.57 EPS with a margin of $0.22 per share better than expected revenue figures of $871 million which exceeded estimates by analysts’ expectations at $848 million providing good investment opportunities for investors.
As earnings projection stand at 2.26 earnings per share for the current fiscal year,Vishay also declared that it would commence payment of quarterly dividends on June 29th.A dividend payment to investors of record on Friday June 16th represents an annualized dividend yield return figure of about 1.54% per annum as stocks continue to maintain a consistent dividend payout ratio of 13.07%.
In conclusion, Vishay Intertechnology’s steady performance growth with an impressive Q1 result, along with rise in institutional investment piques the interest of potential investors.
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