Who Owns Vishay Intertechnology Company?

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Who Owns Vishay Intertechnology?

Founded in 1962 by Dr. Felix Zandman, Vishay Intertechnology, Inc. has grown into a global leader in electronic components. Its journey began with a focus on innovative resistor technology.

Vishay Intertechnology is a significant player in the electronics sector, providing essential components for various industries. Understanding its ownership is key to its strategic direction.

The ownership of Vishay Intertechnology is a mix of institutional investors, individual shareholders, and potentially company insiders. As of June 30, 2025, the company has a market capitalization of $2 billion. In 2024, Vishay reported revenues of $2.94 billion and employed approximately 22,700 individuals. The company's product portfolio includes a wide range of discrete semiconductors and passive electronic components, such as resistors, capacitors, and inductors, which are critical for applications detailed in a Vishay Intertechnology PESTEL Analysis.

The origins of Vishay Intertechnology are deeply rooted in the vision and initial financial commitment of its founder, Dr. Felix Zandman. Dr. Zandman, a physicist and Holocaust survivor, established the company in 1962 with a focus on his groundbreaking Bulk Metal® Foil resistor technology. He co-founded the company with his cousin, Alfred P. Slaner, who provided crucial early financial support.

Founding Vision

Dr. Felix Zandman founded Vishay Intertechnology in 1962, driven by his innovative Bulk Metal® Foil resistor technology.

Early Financial Backing

Alfred P. Slaner, Dr. Zandman's cousin, provided essential early financial support, including a significant loan.

Initial Ownership Structure

At its inception, Dr. Zandman and Alfred P. Slaner held equal 50 percent ownership stakes in the company.

Public Offering Strategy

Vishay Intertechnology went public in 1972, strategically offering only 20 percent of its outstanding shares to the public.

Founder Control

The founders aimed to retain majority share control even after the initial public offering, emphasizing their continued influence.

Core Technologies

The company's early focus was on developing and refining foil resistors and foil resistance strain gauges.

Initial funding for Vishay Intertechnology came from a $200,000 loan from Alfred P. Slaner, supplemented by Dr. Zandman's personal investment of $4,000. At its inception, Dr. Zandman and Alfred P. Slaner held equal ownership stakes, each with 50 percent of the company. This equal distribution ensured strong control by the founders and reflected their shared commitment to developing and refining their core technology, starting with foil resistors and foil resistance strain gauges. Vishay went public in 1972, but the founders strategically retained the majority of the shares, offering only 20 percent of the outstanding shares to the public. This initial ownership structure laid the groundwork for Vishay's future expansion, emphasizing founder control even as it sought external capital. Understanding the Mission, Vision & Core Values of Vishay Intertechnology provides further context to the company's foundational principles.

Early Ownership Dynamics

The initial ownership of Vishay Intertechnology was equally split between its founders, Dr. Felix Zandman and Alfred P. Slaner.

• Dr. Zandman provided the technological vision and a personal investment.
• Alfred P. Slaner offered substantial financial backing through a loan.
• This 50/50 split ensured shared control and commitment to the company's early development.
• The company's public offering in 1972 maintained significant founder ownership.

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Vishay Intertechnology's ownership journey began with its 1972 public offering, marking a shift from private to public status while retaining founder influence. Subsequent strategic acquisitions, starting with Dale Electronics in 1985, have continuously reshaped its asset base and, by extension, its shareholder composition.

As of August 8, 2025, Vishay Intertechnology is held by 624 institutional owners and shareholders, who collectively own 171,423,512 shares. Key institutional investors include BlackRock, Inc., Vanguard Group Inc, Dimensional Fund Advisors Lp, IJR - iShares Core S&P Small-Cap ETF, Invesco Ltd., Hood River Capital Management LLC, and State Street Corp. These entities represent a substantial portion of the company's publicly traded shares. During March 2025, institutional ownership saw an increase from 101.97% to 103.23%, while mutual fund holdings experienced a slight decrease from 75.93% to 73.74%.

Founding Family's Enduring Influence

The founding family maintains significant control through a dual-class share structure. This arrangement ensures their continued sway over the company's strategic decisions and governance.

• The Estate of Dr. Felix Zandman holds 8,616,834 shares of Class B common stock as of the 2025 Annual Meeting.
• Class B common stock carries 10 votes per share, contrasting with the one vote per share for common stock.
• This voting power disparity allows the founding family, managed by co-trustees Mrs. Ruta Zandman, Marc Zandman, and Ziv Shoshani, to exert considerable influence.
• This structure is crucial for understanding who controls Vishay Intertechnology and its long-term direction, impacting its Competitors Landscape of Vishay Intertechnology.

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The Board of Directors at Vishay Intertechnology guides the company's strategic direction. Key figures include Marc Zandman, Executive Chairman of the Board and Chief Business Development Officer, Joel Smejkal as President and CEO, and David McConnell as Executive Vice President and CFO. The board balances the interests of major shareholders, the founding family, and independent oversight.

Vishay Intertechnology utilizes a dual-class voting structure, where Class B common stock holds 10 votes per share, significantly amplifying the voting power of its holders compared to the one vote per share for common stock. This structure is central to understanding Vishay Intertechnology ownership and who controls Vishay Intertechnology. The Estate of Dr. Felix Zandman is the primary holder of Class B shares, possessing 8,616,834 shares as of the 2025 Annual Meeting. These shares are managed through a family trust, with Mrs. Ruta Zandman, Marc Zandman, and Ziv Shoshani acting as co-trustees, collectively wielding substantial voting influence.

Understanding Voting Power

Vishay Intertechnology's voting power is concentrated due to its dual-class stock system. This ensures the founding family maintains significant control over corporate decisions.

• Class B common stock carries 10 votes per share.
• Common stock carries 1 vote per share.
• The Estate of Dr. Felix Zandman holds the majority of Class B shares.
• This structure impacts Vishay Intertechnology stock ownership dynamics.
• The Nominating and Corporate Governance Committee, composed of independent directors, aims to balance founder influence with best governance practices.

The dual-class share structure is a critical element in the Vishay Intertechnology company structure, ensuring the founding family's continued influence. This arrangement is particularly relevant when examining Vishay Intertechnology shareholders and who owns Vishay Intertechnology. The family trust, overseen by its co-trustees, effectively controls a disproportionate amount of the voting power. This system is designed to maintain long-term strategic alignment and stability, a common consideration in Growth Strategy of Vishay Intertechnology. While institutional investors hold significant common stock, the voting control remains with the Class B shareholders, impacting the overall Vishay Intertechnology ownership landscape.

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Over the past three to five years, Vishay Intertechnology has seen shifts in its ownership landscape, influenced by strategic acquisitions and evolving investor sentiment. The company's financial performance, including revenues of $2.94 billion for fiscal year 2024, provides a backdrop for these ownership trends.

Recent developments indicate a slight decrease in insider ownership, with notable sales by individuals like Independent Director Abraham Ludomirski and insider Gerald Paul in the past year. Conversely, institutional ownership has seen an increase, suggesting growing interest from larger investment entities. This trend aligns with broader market patterns where institutional investors play an increasingly significant role in publicly traded companies.

Insider Selling Activity

Insiders have been net sellers over the last 12 months. For example, Gerald Paul sold $1.3 million in shares as of November 2023.

Institutional Investor Growth

Institutional ownership has expanded, rising from 101.97% to 103.23% by March 2025, indicating increased investment from funds and large asset managers.

Strategic Acquisitions

The company has completed three acquisitions in the last five years, underscoring its commitment to growth and market expansion through strategic M&A activities.

Dividend Payout

Vishay declared a quarterly cash dividend of $0.10 per share, payable on September 25, 2025, reflecting continued commitment to shareholder returns.

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