Franklin Resources Inc. Trims Stock Position in Vishay Intertechnology, Inc. (NYSE:VSH)

Franklin Resources Inc. trimmed its holdings in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 38.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 123,797 shares of the semiconductor company's stock after selling 78,289 shares during the quarter. Franklin Resources Inc. owned 0.09% of Vishay Intertechnology worth $2,097,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Vishay Intertechnology during the 4th quarter worth $143,719,000. Vanguard Group Inc. raised its holdings in shares of Vishay Intertechnology by 7.9% in the 4th quarter. Vanguard Group Inc. now owns 16,626,430 shares of the semiconductor company's stock valued at $281,652,000 after purchasing an additional 1,224,112 shares in the last quarter. Cambiar Investors LLC purchased a new stake in shares of Vishay Intertechnology in the 4th quarter worth approximately $13,173,000. First Eagle Investment Management LLC bought a new position in shares of Vishay Intertechnology during the fourth quarter valued at approximately $9,046,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Vishay Intertechnology by 26.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,169,246 shares of the semiconductor company's stock worth $36,747,000 after buying an additional 459,252 shares in the last quarter. 93.66% of the stock is currently owned by institutional investors.

Vishay Intertechnology Stock Up 3.3 %

Shares of VSH stock traded up $0.36 during trading hours on Friday, reaching $11.26. 2,035,178 shares of the company's stock were exchanged, compared to its average volume of 1,719,435. Vishay Intertechnology, Inc. has a fifty-two week low of $10.35 and a fifty-two week high of $24.69. The stock's 50 day moving average is $15.73 and its 200-day moving average is $16.77. The company has a current ratio of 2.70, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. The company has a market cap of $1.53 billion, a price-to-earnings ratio of -46.90 and a beta of 1.06.

Vishay Intertechnology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date was Thursday, March 13th. Vishay Intertechnology's dividend payout ratio (DPR) is presently -166.67%.

Insiders Place Their Bets

In related news, Chairman Marc Zandman sold 27,176 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $16.88, for a total value of $458,730.88. Following the completion of the transaction, the chairman now directly owns 76,468 shares of the company's stock, valued at $1,290,779.84. This trade represents a 26.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 8.14% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Vishay Intertechnology from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th.

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.