First Citizens Bank & Trust Co. lifted its position in Vishay Intertechnology (NYSE:VSH) by 37.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,195 shares of the semiconductor company’s stock after purchasing an additional 4,720 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Vishay Intertechnology were worth $318,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in VSH. Wells Fargo & Company MN raised its stake in shares of Vishay Intertechnology by 4.5% in the third quarter. Wells Fargo & Company MN now owns 326,548 shares of the semiconductor company’s stock worth $6,645,000 after purchasing an additional 14,169 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Vishay Intertechnology by 191.7% in the third quarter. Renaissance Technologies LLC now owns 1,278,625 shares of the semiconductor company’s stock worth $26,020,000 after purchasing an additional 840,300 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Vishay Intertechnology by 56.4% in the third quarter. Deutsche Bank AG now owns 1,223,899 shares of the semiconductor company’s stock worth $24,905,000 after purchasing an additional 441,142 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Vishay Intertechnology by 72.3% in the third quarter. Jane Street Group LLC now owns 26,623 shares of the semiconductor company’s stock worth $542,000 after purchasing an additional 11,170 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in Vishay Intertechnology during the third quarter worth about $638,000. Hedge funds and other institutional investors own 90.45% of the company’s stock.
Vishay Intertechnology stock opened at $20.38 on Wednesday. The stock has a market cap of $2.93 billion, a P/E ratio of 9.61, a P/E/G ratio of 1.03 and a beta of 1.41. Vishay Intertechnology has a 52 week low of $16.63 and a 52 week high of $26.50. The company has a current ratio of 2.77, a quick ratio of 2.02 and a debt-to-equity ratio of 0.36.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Wednesday, March 13th. Vishay Intertechnology’s dividend payout ratio (DPR) is 16.04%.
In related news, CEO Gerald Paul sold 66,000 shares of the firm’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $21.77, for a total transaction of $1,436,820.00. Following the sale, the chief executive officer now directly owns 220,824 shares of the company’s stock, valued at $4,807,338.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Frank Dieter Maier sold 6,421 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $21.75, for a total value of $139,656.75. Following the completion of the sale, the director now directly owns 74,399 shares in the company, valued at $1,618,178.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 157,782 shares of company stock worth $3,444,175. 8.07% of the stock is owned by corporate insiders.
Several research firms recently commented on VSH. Zacks Investment Research lowered Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a report on Friday, April 12th. Bank of America lowered Vishay Intertechnology from a “buy” rating to a “neutral” rating and set a $23.00 target price on the stock. in a report on Wednesday, February 6th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Vishay Intertechnology has an average rating of “Hold” and a consensus price target of $24.75.
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About Vishay Intertechnology
Vishay Intertechnology, Inc manufactures and supplies discrete semiconductors and passive components in the United States, Europe, and Asia. The Metal Oxide Semiconductor Field Effect Transistors (MOSFETs) segment offers low- and medium-voltage TrenchFET MOSFETs, high-voltage planar MOSFETs, high voltage super junction MOSFETs, power integrated circuits, and integrated function power devices.
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