Insider Selling: Vishay Intertechnology (NYSE:VSH) Director Sells $593,716.50 in Stock

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

Vishay Intertechnology Trading Down 6.4%

NYSE:VSH opened at $34.53 on Friday. The company has a market cap of $5.30 billion, a P/E ratio of 181.73, a P/E/G ratio of 4.35 and a beta of 1.79. The stock’s fifty day moving average price is $32.93 and its two-hundred day moving average price is $37.09. Vishay Intertechnology, Inc. has a 1 year low of $11.77 and a 1 year 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.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $897.03 million. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%.The business’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period last year, the company earned ($0.07) earnings per share. As a group, analysts expect that Vishay Intertechnology, Inc. will post 0.85 EPS for the current year.

Vishay Intertechnology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were paid a $0.10 dividend. The ex-dividend date was Thursday, September 10th. This represents a $0.40 annualized dividend and a yield of 1.2%. Vishay Intertechnology’s dividend payout ratio (DPR) is currently 210.53%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on VSH shares. Raymond James Financial assumed coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They set an “outperform” rating and a $40.00 price target on the stock. Oppenheimer raised their price objective on shares of Vishay Intertechnology from $42.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday. Needham & Company LLC began coverage on shares of Vishay Intertechnology in a research note on Tuesday, August 4th. They set a “buy” rating and a $45.00 price objective for the company. Weiss Ratings lowered shares of Vishay Intertechnology from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 25th. Finally, Zacks Research upgraded shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Vishay Intertechnology currently has an average rating of “Moderate Buy” and an average target price of $36.67.

Institutional Investors Weigh In On Vishay Intertechnology

A number of large investors have recently added to or reduced their stakes in VSH. GAMMA Investing LLC lifted its stake in Vishay Intertechnology by 15.4% during the third quarter. GAMMA Investing LLC now owns 10,687 shares of the semiconductor company’s stock worth $348,000 after purchasing an additional 1,426 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Vishay Intertechnology by 275.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,503 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 2,571 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Vishay Intertechnology during the 2nd quarter valued at about $385,000. Tidal Investments LLC purchased a new position in shares of Vishay Intertechnology during the 2nd quarter valued at about $1,449,000. Finally, BlueCrest Capital Management Ltd purchased a new position in shares of Vishay Intertechnology during the 2nd quarter valued at about $10,756,000. Hedge funds and other institutional investors own 93.66% of the company’s stock.

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.