Norges Bank Makes New $143.72 Million Investment in Vishay Intertechnology, Inc. (NYSE:VSH)

Norges Bank bought a new position in Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 8,484,006 shares of the semiconductor company's stock, valued at approximately $143,719,000. Norges Bank owned approximately 6.25% of Vishay Intertechnology at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of VSH. Mountaineer Partners Management LLC lifted its holdings 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 during the last quarter. Vanguard Group Inc. lifted its stake in Vishay Intertechnology by 7.9% in the fourth quarter. Vanguard Group Inc. now owns 16,626,430 shares of the semiconductor company's stock valued at $281,652,000 after acquiring an additional 1,224,112 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Vishay Intertechnology by 9.3% during the 4th quarter. American Century Companies Inc. now owns 3,838,847 shares of the semiconductor company's stock worth $65,030,000 after purchasing an additional 325,859 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Vishay Intertechnology by 4.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,691,437 shares of the semiconductor company's stock valued at $45,593,000 after purchasing an additional 117,692 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Vishay Intertechnology by 26.9% in 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 purchasing an additional 459,252 shares during the last quarter. 93.66% of the stock is owned by institutional investors and hedge funds.

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Insider Activity

In other news, Chairman Marc Zandman sold 27,176 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $16.88, for a total transaction of $458,730.88. Following the completion of the sale, the chairman now owns 76,468 shares of the company's stock, valued at approximately $1,290,779.84. This trade represents a 26.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 8.14% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

VSH has been the topic of several analyst reports. StockNews.com upgraded Vishay Intertechnology from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th. JPMorgan Chase & Co. began coverage on shares of Vishay Intertechnology in a research note on Monday, December 16th. They issued a "neutral" rating and a $19.00 target price on the stock.

Vishay Intertechnology Stock Performance

Shares of NYSE:VSH traded down $3.44 during trading on Thursday, hitting $12.50. 5,736,888 shares of the stock were exchanged, compared to its average volume of 2,017,387. The company's fifty day simple moving average is $17.23 and its 200-day simple moving average is $17.43. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 2.70. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of -52.06 and a beta of 1.13. Vishay Intertechnology, Inc. has a 1-year low of $12.44 and a 1-year high of $24.68.

Vishay Intertechnology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Thursday, March 13th. Vishay Intertechnology's dividend payout ratio is -166.67%.

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.