KLP Kapitalforvaltning AS Invests $400,000 in Vishay Intertechnology, Inc. (NYSE:VSH)

KLP Kapitalforvaltning AS bought a new stake in Vishay Intertechnology, Inc. (NYSE:VSH) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 23,600 shares of the semiconductor company’s stock, valued at approximately $400,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of VSH. Verition Fund Management LLC acquired a new stake in shares of Vishay Intertechnology during the third quarter worth about $906,000. Holocene Advisors LP lifted its position in Vishay Intertechnology by 64.4% during the 3rd quarter. Holocene Advisors LP now owns 184,252 shares of the semiconductor company’s stock worth $3,484,000 after acquiring an additional 72,178 shares during the period. Point72 DIFC Ltd acquired a new stake in Vishay Intertechnology during the 3rd quarter worth approximately $463,000. Readystate Asset Management LP purchased a new position in shares of Vishay Intertechnology in the 3rd quarter valued at approximately $618,000. Finally, Weiss Asset Management LP acquired a new position in shares of Vishay Intertechnology in the third quarter valued at approximately $1,055,000. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of 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 report on Monday, December 16th. They issued a “neutral” rating and a $19.00 target price on the stock.

Vishay Intertechnology Stock Performance

Shares of VSH stock opened at $11.87 on Friday. The company has a current ratio of 2.70, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. The stock has a 50 day simple moving average of $17.03 and a 200-day simple moving average of $17.35. The company has a market cap of $1.61 billion, a price-to-earnings ratio of -49.46 and a beta of 1.06. Vishay Intertechnology, Inc. has a 12-month low of $10.58 and a 12-month high of $24.69.

Vishay Intertechnology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Thursday, March 13th. Vishay Intertechnology’s dividend payout ratio (DPR) is currently -166.67%.

Insiders Place Their Bets

In other Vishay Intertechnology news, Chairman Marc Zandman sold 27,176 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $16.88, for a total value of $458,730.88. Following the completion of the transaction, the chairman now directly owns 76,468 shares of the company’s stock, valued at approximately $1,290,779.84. This trade represents a 26.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 8.14% of the company’s 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.