Mutual of America Capital Management LLC Cuts Stock Position in Vishay Intertechnology, Inc. (NYSE:VSH)

Mutual of America Capital Management LLC cut its holdings in shares of Vishay Intertechnology, Inc. (NYSE:VSH) by 72.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,057 shares of the semiconductor company’s stock after selling 44,257 shares during the period. Mutual of America Capital Management LLC’s holdings in Vishay Intertechnology were worth $289,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of Vishay Intertechnology by 1.2% during the third quarter. Principal Financial Group Inc. now owns 2,573,745 shares of the semiconductor company’s stock worth $48,669,000 after buying an additional 30,515 shares in the last quarter. Versor Investments LP acquired a new position in shares of Vishay Intertechnology during the third quarter worth about $686,000. GSA Capital Partners LLP acquired a new position in shares of Vishay Intertechnology during the third quarter worth about $426,000. Aigen Investment Management LP acquired a new position in shares of Vishay Intertechnology during the third quarter worth about $668,000. Finally, Oppenheimer Asset Management Inc. grew its position in shares of Vishay Intertechnology by 9.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 245,120 shares of the semiconductor company’s stock worth $4,635,000 after buying an additional 22,034 shares in the last quarter. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. StockNews.com downgraded Vishay Intertechnology from a “hold” rating to a “sell” rating in a research report on Friday. JPMorgan Chase & Co. assumed coverage on Vishay Intertechnology in a report on Monday, December 16th. They issued a “neutral” rating and a $19.00 price target for the company.

Insider Activity

In other news, Chairman Marc Zandman sold 27,176 shares of the 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 completion of the sale, the chairman now directly owns 76,468 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.14% of the company’s stock.

Vishay Intertechnology Stock Performance

Shares of VSH opened at $17.70 on Tuesday. The stock has a 50 day moving average price of $17.23 and a 200 day moving average price of $17.71. 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 capitalization of $2.40 billion, a price-to-earnings ratio of -73.73 and a beta of 1.13. Vishay Intertechnology, Inc. has a 52-week low of $14.95 and a 52-week high of $24.68.

Vishay Intertechnology Dividend Announcement

The company also recently disclosed 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. This represents a $0.40 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Thursday, March 13th. Vishay Intertechnology’s payout ratio is currently -166.67%.

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.