Key Points
- Director Raanan Zilberman sold 16,575 Vishay shares for approximately $593,717 under a pre-arranged Rule 10b5-1 plan, reducing his direct ownership by 34.17% to 31,937 shares.
- Vishay’s latest quarterly results exceeded expectations, with adjusted earnings of $0.19 per share versus the $0.15 consensus and revenue of $918.6 million, up 16.6% year over year.
- Analysts maintain a “Moderate Buy” consensus with an average $36.17 price target, while institutional investors own approximately 93.66% of the company’s outstanding shares.
Vishay Intertechnology, Inc. (NYSE:VSH - Get Free Report) Director Raanan Zilberman sold 16,575 shares of the firm's stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $35.82, for a total transaction of $593,716.50. Following the sale, the director directly owned 31,937 shares in the company, valued at $1,143,983.34. This represents a 34.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Vishay Intertechnology Stock Performance
Shares of NYSE VSH opened at $37.95 on Wednesday. The company has a market cap of $5.82 billion, a PE ratio of 199.75, a price-to-earnings-growth ratio of 4.37 and a beta of 1.79. Vishay Intertechnology, Inc. has a 12 month low of $11.77 and a 12 month high of $69.47. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.80 and a quick ratio of 1.27. The company has a 50-day simple moving average of $32.78 and a 200-day simple moving average of $36.82.
Vishay Intertechnology (NYSE:VSH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.04. The business had revenue of $918.58 million during the quarter, compared to analyst estimates of $897.03 million. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. The company's revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.07) earnings per share. On average, equities analysts anticipate that Vishay Intertechnology, Inc. will post 0.85 earnings per share for the current year.
Vishay Intertechnology Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were issued a $0.10 dividend. The ex-dividend date was Thursday, September 10th. This represents a $0.40 annualized dividend and a yield of 1.1%. Vishay Intertechnology's payout ratio is 210.53%.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on VSH shares. Needham & Company LLC initiated coverage on Vishay Intertechnology in a report on Tuesday, August 4th. They set a "buy" rating and a $45.00 price objective on the stock. Zacks Research lowered Vishay Intertechnology from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 20th. Weiss Ratings downgraded Vishay Intertechnology from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, September 25th. Wall Street Zen lowered Vishay Intertechnology from a "buy" rating to a "hold" rating in a research note on Saturday, September 5th. Finally, Truist Financial started coverage on Vishay Intertechnology in a report on Thursday, September 3rd. They issued a "buy" rating and a $42.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $36.17.
Check Out Our Latest Research Report on VSH
Institutional Trading of Vishay Intertechnology
A number of institutional investors have recently added to or reduced their stakes in the business. Andar Capital Management HK Ltd acquired a new stake in Vishay Intertechnology in the 2nd quarter valued at $160,000,000. Dimensional Fund Advisors LP lifted its stake in shares of Vishay Intertechnology by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 7,102,376 shares of the semiconductor company's stock worth $127,830,000 after purchasing an additional 208,472 shares in the last quarter. Deprince Race & Zollo Inc. boosted its position in shares of Vishay Intertechnology by 8.4% in the first quarter. Deprince Race & Zollo Inc. now owns 3,181,050 shares of the semiconductor company's stock worth $57,259,000 after buying an additional 247,060 shares during the period. Valliance Asset Management Ltd acquired a new stake in shares of Vishay Intertechnology in the second quarter valued at about $146,405,000. Finally, Needham Investment Management LLC raised its holdings in shares of Vishay Intertechnology by 29.8% during the 4th quarter. Needham Investment Management LLC now owns 2,375,000 shares of the semiconductor company's stock valued at $34,414,000 after buying an additional 545,650 shares during the period. 93.66% of the stock is owned by hedge funds and other institutional investors.
About Vishay Intertechnology
(
Get Free Report)
Vishay Intertechnology, Inc (NYSE:VSH) is a manufacturer of electronic components used in a broad range of electrical and electronic systems. Its portfolio includes passive components such as resistors, capacitors, inductors and sensors, as well as semiconductor products including diodes, rectifiers, MOSFETs and optoelectronic devices.
The company's products support applications in automotive, industrial, computing, telecommunications, consumer electronics, medical equipment, aerospace and defense.
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