CIBC Asset Management Inc Takes $197,000 Position in Vishay Intertechnology, Inc. (NYSE:VSH)

CIBC Asset Management Inc acquired a new stake in shares of Vishay Intertechnology, Inc. (NYSE:VSH) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,623 shares of the semiconductor company’s stock, valued at approximately $197,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Somerset Trust Co raised its position in shares of Vishay Intertechnology by 10.4% during the 4th quarter. Somerset Trust Co now owns 12,253 shares of the semiconductor company’s stock valued at $208,000 after purchasing an additional 1,152 shares during the period. Inspire Investing LLC increased its holdings in Vishay Intertechnology by 8.7% in the 4th quarter. Inspire Investing LLC now owns 23,658 shares of the semiconductor company’s stock valued at $401,000 after acquiring an additional 1,898 shares during the last quarter. Blue Trust Inc. increased its holdings in Vishay Intertechnology by 275.9% in the 4th quarter. Blue Trust Inc. now owns 2,710 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 1,989 shares during the last quarter. Yousif Capital Management LLC increased its holdings in Vishay Intertechnology by 5.0% in the 4th quarter. Yousif Capital Management LLC now owns 46,193 shares of the semiconductor company’s stock valued at $783,000 after acquiring an additional 2,190 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Vishay Intertechnology in the 3rd quarter valued at $101,000. 93.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on VSH. StockNews.com downgraded shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. initiated coverage on shares of Vishay Intertechnology in a research note on Monday, December 16th. They issued a “neutral” rating and a $19.00 price objective for the company.

Insider Activity at Vishay Intertechnology

In related news, Chairman Marc Zandman sold 20,359 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $16.71, for a total transaction of $340,198.89. Following the transaction, the chairman now directly owns 32,957 shares in the company, valued at approximately $550,711.47. This represents a 38.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.14% of the stock is currently owned by insiders.

Vishay Intertechnology Stock Performance

Vishay Intertechnology stock opened at $18.00 on Thursday. The company’s 50-day moving average price is $17.24 and its 200-day moving average price is $17.88. Vishay Intertechnology, Inc. has a twelve month low of $14.95 and a twelve month high of $24.68. The company has a quick ratio of 1.73, a current ratio of 2.70 and a debt-to-equity ratio of 0.45. The company has a market cap of $2.44 billion, a PE ratio of -75.00 and a beta of 1.13.

Vishay Intertechnology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $0.10 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.22%. Vishay Intertechnology’s dividend payout ratio (DPR) is presently -166.67%.

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.