Vestcor Inc Takes Position in Vishay Intertechnology, Inc. (NYSE:VSH)

Vestcor Inc bought a new stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 12,421 shares of the semiconductor company’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VSH. Mountaineer Partners Management LLC lifted its position in shares of Vishay Intertechnology by 924.9% during the 3rd quarter. Mountaineer Partners Management LLC now owns 20,844,077 shares of the semiconductor company’s stock valued at $394,161,000 after buying an additional 18,810,325 shares in the last quarter. Cambiar Investors LLC purchased a new position in shares of Vishay Intertechnology during the 4th quarter valued at approximately $13,173,000. Charles Schwab Investment Management Inc. lifted its position in shares of Vishay Intertechnology by 26.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,169,246 shares of the semiconductor company’s stock valued at $36,747,000 after buying an additional 459,252 shares in the last quarter. Needham Investment Management LLC lifted its holdings in Vishay Intertechnology by 39.2% in the 3rd quarter. Needham Investment Management LLC now owns 1,260,000 shares of the semiconductor company’s stock valued at $23,827,000 after purchasing an additional 355,000 shares in the last quarter. Finally, Systematic Financial Management LP lifted its holdings in Vishay Intertechnology by 15.1% in the 3rd quarter. Systematic Financial Management LP now owns 1,388,337 shares of the semiconductor company’s stock valued at $26,253,000 after purchasing an additional 182,212 shares in the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Vishay Intertechnology Trading Down 0.3 %

Shares of VSH stock opened at $17.05 on Wednesday. Vishay Intertechnology, Inc. has a fifty-two week low of $14.95 and a fifty-two week high of $24.69. The firm has a market capitalization of $2.31 billion, a P/E ratio of -71.02 and a beta of 1.13. The stock’s fifty day moving average is $17.22 and its two-hundred day moving average is $17.57. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 2.70.

Vishay Intertechnology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Thursday, March 13th. Vishay Intertechnology’s dividend payout ratio (DPR) is presently -166.67%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VSH. JPMorgan Chase & Co. began coverage on Vishay Intertechnology in a report on Monday, December 16th. They issued a “neutral” rating and a $19.00 price objective on the stock. StockNews.com upgraded Vishay Intertechnology from a “sell” rating to a “hold” rating in a report on Tuesday.

Insiders Place Their Bets

In other Vishay Intertechnology news, Chairman Marc Zandman sold 20,359 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $16.71, for a total value of $340,198.89. Following the completion of the sale, the chairman now directly owns 32,957 shares of the company’s stock, valued at $550,711.47. This trade represents a 38.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.14% of the company’s stock.

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.