Norges Bank Acquires New Position in Vishay Intertechnology, Inc. (NYSE:VSH)

Norges Bank bought a new position in Vishay Intertechnology, Inc. (NYSE:VSH) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 8,484,006 shares of the semiconductor company’s stock, valued at approximately $143,719,000. Norges Bank owned approximately 0.06% of Vishay Intertechnology as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Wealthfront Advisers LLC bought a new stake in shares of Vishay Intertechnology during the fourth quarter valued at approximately $38,000. Blue Trust Inc. increased its holdings in shares of Vishay Intertechnology by 275.9% in the 4th 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 in the last quarter. IFP Advisors Inc raised its stake in shares of 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 purchasing an additional 3,406 shares during the last quarter. Manchester Capital Management LLC lifted its holdings in shares of Vishay Intertechnology by 526.6% during the fourth quarter. Manchester Capital Management LLC now owns 7,175 shares of the semiconductor company’s stock valued at $122,000 after purchasing an additional 6,030 shares in the last quarter. Finally, Matrix Trust Co boosted its position in shares of 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 buying an additional 8,700 shares during the last quarter. 93.66% of the stock is owned by hedge funds and other institutional investors.

Vishay Intertechnology Stock Down 1.5 %

VSH stock opened at $15.95 on Tuesday. The company has a market cap of $2.16 billion, a price-to-earnings ratio of -66.44 and a beta of 1.13. 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 business’s 50-day moving average is $17.28 and its two-hundred day moving average is $17.46. Vishay Intertechnology, Inc. has a fifty-two week low of $14.95 and a fifty-two week high of $24.69.

Vishay Intertechnology Announces Dividend

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 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Thursday, March 13th. Vishay Intertechnology’s dividend payout ratio (DPR) is presently -166.67%.

Insider Buying and Selling

In related news, Chairman Marc Zandman sold 27,176 shares of Vishay Intertechnology stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $16.88, for a total transaction of $458,730.88. Following the transaction, the chairman now directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 8.14% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

VSH has been the subject of a number of recent analyst reports. StockNews.com raised Vishay Intertechnology from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th. JPMorgan Chase & Co. began coverage on shares of Vishay Intertechnology in a research report on Monday, December 16th. They set a “neutral” rating and a $19.00 price objective on the stock.

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.