Vishay Intertechnology, Inc. (NYSE:VSH) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board trimmed its holdings in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 40.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,164 shares of the semiconductor company’s stock after selling 39,859 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Vishay Intertechnology were worth $1,418,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in VSH. Commonwealth Equity Services LLC grew its position in shares of Vishay Intertechnology by 25.2% in the third quarter. Commonwealth Equity Services LLC now owns 20,622 shares of the semiconductor company’s stock valued at $510,000 after purchasing an additional 4,154 shares during the period. Fifth Third Bancorp boosted its holdings in Vishay Intertechnology by 60.9% in the 3rd quarter. Fifth Third Bancorp now owns 1,477 shares of the semiconductor company’s stock worth $37,000 after buying an additional 559 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in Vishay Intertechnology by 12.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 19,804 shares of the semiconductor company’s stock worth $490,000 after buying an additional 2,158 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Vishay Intertechnology by 106.6% during the third quarter. Assenagon Asset Management S.A. now owns 142,014 shares of the semiconductor company’s stock valued at $3,511,000 after acquiring an additional 73,289 shares during the last quarter. Finally, Versor Investments LP lifted its position in shares of Vishay Intertechnology by 372.8% in the third quarter. Versor Investments LP now owns 36,525 shares of the semiconductor company’s stock valued at $903,000 after acquiring an additional 28,800 shares in the last quarter. Institutional investors and hedge funds own 93.66% of the company’s stock.

Analysts Set New Price Targets

Separately, Stifel Nicolaus reiterated a “buy” rating and set a $25.00 price target on shares of Vishay Intertechnology in a research report on Wednesday, April 3rd.

Insider Activity at Vishay Intertechnology

In related news, Director John Malvisi bought 8,929 shares of the stock in a transaction on Friday, May 10th. The stock was bought at an average price of $22.60 per share, with a total value of $201,795.40. Following the completion of the purchase, the director now directly owns 16,438 shares in the company, valued at approximately $371,498.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Chairman Marc Zandman sold 26,154 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $22.83, for a total value of $597,095.82. Following the sale, the chairman now owns 73,678 shares in the company, valued at approximately $1,682,068.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John Malvisi bought 8,929 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were purchased at an average price of $22.60 per share, with a total value of $201,795.40. Following the completion of the acquisition, the director now directly owns 16,438 shares in the company, valued at $371,498.80. The disclosure for this purchase can be found here. 8.14% of the stock is owned by insiders.

Vishay Intertechnology Price Performance

VSH traded up $0.46 on Friday, reaching $24.00. 928,355 shares of the company’s stock were exchanged, compared to its average volume of 1,263,421. Vishay Intertechnology, Inc. has a twelve month low of $20.83 and a twelve month high of $30.10. The stock has a market cap of $3.29 billion, a PE ratio of 13.79 and a beta of 1.21. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 2.08. The stock’s fifty day moving average price is $22.44 and its 200-day moving average price is $22.55.

Vishay Intertechnology (NYSE:VSH) last issued its earnings results on Wednesday, May 8th. The semiconductor company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. The business had revenue of $746.30 million for the quarter, compared to analysts’ expectations of $735.96 million. Vishay Intertechnology had a return on equity of 11.95% and a net margin of 7.41%. The business’s revenue for the quarter was down 14.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 EPS. Sell-side analysts expect that Vishay Intertechnology, Inc. will post 0.87 EPS for the current year.

Vishay Intertechnology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Thursday, June 13th. Vishay Intertechnology’s payout ratio is 22.99%.

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.