Oppenheimer Asset Management Inc. Cuts Stake in Vishay Intertechnology, Inc. (NYSE:VSH)

Oppenheimer Asset Management Inc. cut its holdings in shares of Vishay Intertechnology, Inc. (NYSE:VSH - Free Report) by 8.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 223,563 shares of the semiconductor company's stock after selling 21,557 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.16% of Vishay Intertechnology worth $3,787,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantbot Technologies LP boosted its position in Vishay Intertechnology by 89.7% during the third quarter. Quantbot Technologies LP now owns 100,864 shares of the semiconductor company's stock worth $1,907,000 after acquiring an additional 47,700 shares during the last quarter. Fisher Asset Management LLC boosted its position in Vishay Intertechnology by 2.5% during the third quarter. Fisher Asset Management LLC now owns 2,673,088 shares of the semiconductor company's stock worth $50,548,000 after acquiring an additional 66,268 shares during the last quarter. Kovack Advisors Inc. acquired a new position in Vishay Intertechnology during the third quarter worth about $788,000. Systematic Financial Management LP boosted 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 during the last quarter. Finally, Bernzott Capital Advisors boosted its holdings in Vishay Intertechnology by 27.9% in the 4th quarter. Bernzott Capital Advisors now owns 363,629 shares of the semiconductor company's stock valued at $6,160,000 after purchasing an additional 79,214 shares during the last quarter. 93.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. StockNews.com upgraded shares of Vishay Intertechnology from a "sell" rating to a "hold" rating in a report on Thursday. JPMorgan Chase & Co. assumed coverage on shares of Vishay Intertechnology in a report on Monday, December 16th. They issued a "neutral" rating and a $19.00 target price on the stock.

Insider Activity

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

Vishay Intertechnology Trading Down 2.9 %

NYSE:VSH traded down $0.49 on Monday, hitting $16.65. The stock had a trading volume of 2,009,319 shares, compared to its average volume of 1,852,095. The company has a fifty day moving average price of $17.22 and a two-hundred day moving average price of $17.80. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of -69.38 and a beta of 1.12. Vishay Intertechnology, Inc. has a 1-year low of $14.95 and a 1-year high of $24.68. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders 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 2.40%. The ex-dividend date of this dividend is Thursday, March 13th. Vishay Intertechnology's dividend payout ratio (DPR) is -166.67%.

Vishay Intertechnology Company 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.