CIBC Asset Management Inc Makes New Investment in Vishay Intertechnology, Inc. (NYSE:VSH)

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

A number of other hedge funds have also added to or reduced their stakes in the stock. Mountaineer Partners Management LLC grew its stake in Vishay Intertechnology by 924.9% in the 3rd quarter. Mountaineer Partners Management LLC now owns 20,844,077 shares of the semiconductor company’s stock worth $394,161,000 after acquiring an additional 18,810,325 shares in the last quarter. Principal Financial Group Inc. grew its stake in Vishay Intertechnology by 4.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,691,437 shares of the semiconductor company’s stock worth $45,593,000 after acquiring an additional 117,692 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Vishay Intertechnology by 2.5% in the 3rd quarter. Fisher Asset Management LLC now owns 2,673,088 shares of the semiconductor company’s stock worth $50,548,000 after purchasing an additional 66,268 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Vishay Intertechnology by 17.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,709,994 shares of the semiconductor company’s stock worth $32,336,000 after purchasing an additional 248,741 shares during the period. Finally, Systematic Financial Management LP lifted its position in shares of Vishay Intertechnology by 15.1% in the 3rd quarter. Systematic Financial Management LP now owns 1,388,337 shares of the semiconductor company’s stock worth $26,253,000 after purchasing an additional 182,212 shares during the period. 93.66% of the stock is currently owned by institutional investors.

Insider Activity at Vishay Intertechnology

In related news, Chairman Marc Zandman sold 20,359 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $16.71, for a total transaction of $340,198.89. Following the completion of the sale, the chairman now owns 32,957 shares of the company’s stock, valued at $550,711.47. This represents a 38.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 8.14% of the stock is currently owned by corporate insiders.

Vishay Intertechnology Stock Performance

NYSE:VSH opened at $18.00 on Thursday. Vishay Intertechnology, Inc. has a 52 week low of $14.95 and a 52 week high of $24.68. The firm has a 50 day moving average of $17.24 and a 200 day moving average of $17.88. 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 stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of -75.00 and a beta of 1.13.

Vishay Intertechnology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.40 dividend on an annualized basis and a yield of 2.22%. Vishay Intertechnology’s payout ratio is -166.67%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on VSH shares. StockNews.com cut shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. started coverage on shares of Vishay Intertechnology in a research report on Monday, December 16th. They issued a “neutral” rating and a $19.00 price target for the company.

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.