Vishay Intertechnology (NYSE:VSH) Stock: Insider Raanan Zilberman Sells 16,575 Shares

Vishay Intertechnology, Inc. (NYSE:VSH) Director Raanan Zilberman sold 16,575 shares of the firm’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $35.82, for a total value of $593,716.50. Following the completion of the sale, the director owned 31,937 shares of the company’s stock, valued at approximately $1,143,983.34. This trade represents a 34.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vishay Intertechnology Price Performance

Shares of Vishay Intertechnology stock traded up $0.85 during trading on Tuesday, reaching $37.95. The company’s stock had a trading volume of 3,600,949 shares, compared to its average volume of 4,423,282. The stock has a 50-day moving average price of $32.68 and a two-hundred day moving average price of $36.68. The stock has a market capitalization of $5.82 billion, a P/E ratio of 199.75, a price-to-earnings-growth ratio of 4.50 and a beta of 1.79. The company has a current ratio of 1.80, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. Vishay Intertechnology, Inc. has a one year low of $11.77 and a one year high of $69.47.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. The firm had revenue of $918.58 million for 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 prior year, the firm earned ($0.07) EPS. As a group, sell-side analysts anticipate that Vishay Intertechnology, Inc. will post 0.85 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, September 10th. Vishay Intertechnology’s dividend payout ratio is 210.53%.

Hedge Funds Weigh In On Vishay Intertechnology

Several large investors have recently bought and sold shares of the business. Andar Capital Management HK Ltd acquired a new stake in Vishay Intertechnology during the 2nd quarter worth $160,000,000. Valliance Asset Management Ltd bought a new stake in shares of Vishay Intertechnology during the 2nd quarter valued at $146,405,000. William Blair Investment Management LLC acquired a new position in shares of Vishay Intertechnology in the 2nd quarter valued at $79,095,000. Bank of New York Mellon Corp acquired a new position in shares of Vishay Intertechnology in the 2nd quarter valued at $41,629,000. Finally, Tocqueville Asset Management L.P. bought a new position in shares of Vishay Intertechnology in the 2nd quarter worth $31,628,000. 93.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VSH. Zacks Research cut shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Truist Financial started coverage on Vishay Intertechnology in a research report on Thursday, September 3rd. They issued a “buy” rating and a $42.00 price objective on the stock. Raymond James Financial began coverage on Vishay Intertechnology in a research note on Tuesday, August 4th. They issued an “outperform” rating and a $40.00 target price for the company. Weiss Ratings downgraded Vishay Intertechnology from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 25th. Finally, Oppenheimer started coverage on Vishay Intertechnology in a research note on Tuesday, September 15th. They set an “outperform” rating and a $42.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.17.

Vishay Intertechnology Company Profile

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.