Vishay Intertechnology (NYSE:VSH) Upgraded at StockNews.com

StockNews.com upgraded shares of Vishay Intertechnology (NYSE:VSH) from a sell rating to a hold rating in a research report report published on Tuesday morning.

Separately, JPMorgan Chase & Co. assumed coverage on Vishay Intertechnology in a report on Monday, December 16th. They set a “neutral” rating and a $19.00 price target for the company.

Vishay Intertechnology Stock Down 0.5 %

Shares of Vishay Intertechnology stock opened at $17.24 on Tuesday. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of -71.81 and a beta of 1.13. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.70 and a quick ratio of 1.73. Vishay Intertechnology has a 52-week low of $14.95 and a 52-week high of $24.69. The stock has a 50-day simple moving average of $17.24 and a 200-day simple moving average of $17.56.

Vishay Intertechnology Dividend Announcement

The company 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 dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Thursday, March 13th. Vishay Intertechnology’s dividend payout ratio (DPR) is presently -166.67%.

Insider Buying and Selling at Vishay Intertechnology

In related news, Chairman Marc Zandman sold 27,176 shares of the stock in a transaction dated 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 directly owns 76,468 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.14% of the company’s stock.

Institutional Trading of Vishay Intertechnology

A number of hedge funds have recently made changes to their positions in the business. Mountaineer Partners Management LLC lifted its position 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 acquiring an additional 18,810,325 shares during the period. Norges Bank acquired a new position in Vishay Intertechnology in the 4th quarter worth about $143,719,000. Hood River Capital Management LLC acquired a new position in Vishay Intertechnology in the 4th quarter worth about $53,860,000. First Trust Advisors LP increased its holdings in Vishay Intertechnology by 34.5% in the 4th quarter. First Trust Advisors LP now owns 5,077,379 shares of the semiconductor company’s stock worth $86,011,000 after purchasing an additional 1,301,383 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Vishay Intertechnology by 7.9% in the 4th quarter. Vanguard Group Inc. now owns 16,626,430 shares of the semiconductor company’s stock worth $281,652,000 after purchasing an additional 1,224,112 shares in the last quarter. 93.66% of the stock is owned by institutional investors and hedge funds.

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.