Legal & General Group Plc Boosts Stake in Vishay Intertechnology, Inc. (NYSE:VSH)

Legal & General Group Plc boosted its stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 52.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 322,164 shares of the semiconductor company's stock after purchasing an additional 111,452 shares during the quarter. Legal & General Group Plc owned about 0.24% of Vishay Intertechnology worth $5,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Polymer Capital Management US LLC purchased a new position in shares of Vishay Intertechnology in the fourth quarter worth about $3,991,000. Polymer Capital Management HK LTD purchased a new position in Vishay Intertechnology during the 4th quarter worth approximately $462,000. Envestnet Asset Management Inc. boosted its holdings in shares of Vishay Intertechnology by 1.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 104,986 shares of the semiconductor company's stock valued at $1,778,000 after acquiring an additional 1,767 shares during the last quarter. Foundry Partners LLC increased its stake in shares of Vishay Intertechnology by 10.6% in the fourth quarter. Foundry Partners LLC now owns 20,128 shares of the semiconductor company's stock worth $341,000 after acquiring an additional 1,921 shares during the period. Finally, DnB Asset Management AS purchased a new position in shares of Vishay Intertechnology during the fourth quarter worth $360,000. Hedge funds and other institutional investors own 93.66% of the company's stock.

Analysts Set New Price Targets

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

Vishay Intertechnology Price Performance

VSH traded up $1.17 during trading on Thursday, hitting $12.91. The company's stock had a trading volume of 2,020,309 shares, compared to its average volume of 1,742,342. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of -53.53 and a beta of 1.06. Vishay Intertechnology, Inc. has a twelve month low of $10.35 and a twelve month high of $24.69. The business's fifty day simple moving average is $15.34 and its 200 day simple moving average is $16.63. The company has a current ratio of 2.70, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45.

Vishay Intertechnology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Thursday, March 13th. Vishay Intertechnology's payout ratio is -166.67%.

Insider Activity

In other Vishay Intertechnology news, Chairman Marc Zandman sold 27,176 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $16.88, for a total transaction of $458,730.88. Following the completion of the transaction, the chairman now owns 76,468 shares of the company's stock, valued at $1,290,779.84. This represents a 26.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 8.32% 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.