Mountaineer Partners is a hedge fund that urges Vishay to buy back shares

Hedge fund Mountaineer Partners urges Vishay Intertechnology to buy back $600 million worth of stock this year. The company's "irrationally low valuation" is cited as a reason for the buyback, according to a letter from the hedge fund. The fund, which owns 1.7% of Vishay, says Vishay has cash on its balance sheet it doesn't need.

Hedge fund Mountaineer Partners urges Vishay Intertechnology to buy back $600 million worth of stock this year. The company's "irrationally low valuation" is cited as a reason for the buyback, according to a letter from the hedge fund. The fund, which owns 1.7% of Vishay, says Vishay has cash on its balance sheet it doesn't need.