Oppenheimer Asset Management Inc. Lowers Holdings in Vishay Intertechnology, Inc. (NYSE:VSH)

Oppenheimer Asset Management Inc. cut its holdings in Vishay Intertechnology, Inc. (NYSE:VSH) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,563 shares of the semiconductor company’s stock after selling 21,557 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Vishay Intertechnology were worth $3,787,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings 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 purchasing an additional 1,989 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Vishay Intertechnology by 351.1% during the 4th quarter. IFP Advisors Inc now owns 4,376 shares of the semiconductor company’s stock valued at $74,000 after buying an additional 3,406 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Vishay Intertechnology in the 3rd quarter worth $101,000. Manchester Capital Management LLC grew its holdings in shares of 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 acquiring an additional 6,030 shares during the period. Finally, Matrix Trust Co increased its position in Vishay Intertechnology by 660.1% during the fourth quarter. Matrix Trust Co now owns 10,018 shares of the semiconductor company’s stock valued at $170,000 after acquiring an additional 8,700 shares during the last quarter. 93.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Vishay Intertechnology Price Performance

Shares of Vishay Intertechnology stock opened at $17.16 on Friday. The stock has a market cap of $2.33 billion, a P/E ratio of -71.48 and a beta of 1.12. 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 stock’s fifty day moving average is $17.24 and its 200 day moving average is $17.84. Vishay Intertechnology, Inc. has a one year low of $14.95 and a one year high of $24.68.

Vishay Intertechnology Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Thursday, March 13th. Vishay Intertechnology’s dividend payout ratio (DPR) is currently -166.67%.

Insider Activity

In other news, Chairman Marc Zandman sold 20,359 shares of the stock in a transaction 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 completion of the sale, the chairman now directly owns 32,957 shares of the company’s stock, valued at $550,711.47. This represents a 38.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 8.14% of the company’s stock.

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.