Russell Investments Group Ltd. Sells 132,531 Shares of Vishay Intertechnology, Inc. (NYSE:VSH)

Russell Investments Group Ltd. cut its holdings in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 16.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 675,219 shares of the semiconductor company’s stock after selling 132,531 shares during the period. Russell Investments Group Ltd. owned approximately 0.50% of Vishay Intertechnology worth $11,438,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its stake in Vishay Intertechnology by 1.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 104,986 shares of the semiconductor company’s stock valued at $1,778,000 after purchasing an additional 1,767 shares during the last quarter. Foundry Partners LLC boosted its position in shares of Vishay Intertechnology by 10.6% during the fourth quarter. Foundry Partners LLC now owns 20,128 shares of the semiconductor company’s stock valued at $341,000 after buying an additional 1,921 shares during the last quarter. DnB Asset Management AS bought a new stake in Vishay Intertechnology during the fourth quarter worth $360,000. Norges Bank purchased a new stake in Vishay Intertechnology in the 4th quarter valued at $143,719,000. Finally, Loomis Sayles & Co. L P bought a new position in Vishay Intertechnology during the 4th quarter valued at $5,456,000. Institutional investors and hedge funds own 93.66% of the company’s stock.

Analysts Set New Price Targets

VSH has been the subject of several recent analyst reports. StockNews.com upgraded shares of Vishay Intertechnology from a “sell” rating to a “hold” rating in a research note on Tuesday, March 18th. JPMorgan Chase & Co. initiated coverage on shares of Vishay Intertechnology in a research report on Monday, December 16th. They issued a “neutral” rating and a $19.00 price objective for the company.

Vishay Intertechnology Stock Down 11.1 %

VSH stock opened at $11.49 on Friday. Vishay Intertechnology, Inc. has a 1-year low of $9.51 and a 1-year high of $24.69. The stock has a market cap of $1.56 billion, a P/E ratio of -47.87 and a beta of 1.06. The stock’s fifty day simple moving average is $16.46 and its two-hundred day simple moving average is $17.06. The company has a current ratio of 2.70, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45.

Vishay Intertechnology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.40 annualized dividend and a yield of 3.48%. Vishay Intertechnology’s payout ratio is currently -166.67%.

Insider Buying and Selling

In related news, Chairman Marc Zandman sold 27,176 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $16.88, for a total value of $458,730.88. Following the transaction, the chairman now owns 76,468 shares in the company, valued at approximately $1,290,779.84. This represents 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 this link. 8.14% of the stock is currently owned by corporate insiders.

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.