Mutual of America Capital Management LLC trimmed its holdings in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 72.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,057 shares of the semiconductor company's stock after selling 44,257 shares during the quarter. Mutual of America Capital Management LLC's holdings in Vishay Intertechnology were worth $289,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Blue Trust Inc. increased its position in Vishay Intertechnology by 275.9% in the fourth quarter. Blue Trust Inc. now owns 2,710 shares of the semiconductor company's stock worth $46,000 after buying an additional 1,989 shares during the last quarter. IFP Advisors Inc increased its position in Vishay Intertechnology by 351.1% in the fourth quarter. IFP Advisors Inc now owns 4,376 shares of the semiconductor company's stock worth $74,000 after buying an additional 3,406 shares during the last quarter. Manchester Capital Management LLC increased its position in Vishay Intertechnology by 526.6% in the fourth quarter. Manchester Capital Management LLC now owns 7,175 shares of the semiconductor company's stock worth $122,000 after buying an additional 6,030 shares during the last quarter. Matrix Trust Co increased its position in Vishay Intertechnology by 660.1% in the fourth quarter. Matrix Trust Co now owns 10,018 shares of the semiconductor company's stock worth $170,000 after buying an additional 8,700 shares during the last quarter. Finally, Coldstream Capital Management Inc. bought a new position in shares of Vishay Intertechnology in the third quarter worth $196,000. 93.66% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms have recently commented on VSH. StockNews.com lowered Vishay Intertechnology from a "hold" rating to a "sell" rating in a report on Friday, March 7th. 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 target for the company.
View Our Latest Analysis on Vishay Intertechnology
Vishay Intertechnology Price Performance
NYSE:VSH traded up $0.21 during trading hours on Friday, hitting $16.89. 2,018,575 shares of the company's stock traded hands, compared to its average volume of 1,816,763. The firm has a market cap of $2.29 billion, a P/E ratio of -70.39 and a beta of 1.13. Vishay Intertechnology, Inc. has a 52 week low of $14.95 and a 52 week high of $24.68. The business's fifty day simple moving average is $17.23 and its two-hundred day simple moving average is $17.68. The company has a quick ratio of 1.73, a current ratio of 2.70 and a debt-to-equity ratio of 0.45.
Vishay Intertechnology Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, March 13th. Vishay Intertechnology's dividend payout ratio (DPR) is currently -166.67%.
Insiders Place Their Bets
In other news, Chairman Marc Zandman sold 27,176 shares of Vishay Intertechnology stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $16.88, for a total value of $458,730.88. Following the transaction, the chairman now owns 76,468 shares in the company, valued at approximately $1,290,779.84. The trade was a 26.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.14% of the company's stock.
About Vishay Intertechnology
(
Free Report)
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.
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