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

Key Points

• Director Raanan Zilberman sold 16,575 Vishay shares at an average price of $35.82, generating approximately $593,717. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his direct ownership by 34.17%.
• Vishay’s stock recently traded at $37.95, with a market capitalization of approximately $5.82 billion. The company reported quarterly EPS of $0.19, above the $0.15 consensus estimate, while revenue rose 16.6% year over year to $918.6 million.
• Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy” and an average price target of $36.17. Vishay also pays a quarterly dividend of $0.10, equivalent to a 1.1% yield.

Vishay Intertechnology, Inc. (NYSE:VSH - Get Free Report) Director Raanan Zilberman sold 16,575 shares of the firm's stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $35.82, for a total value of $593,716.50. Following the completion of the transaction, the director directly 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 document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vishay Intertechnology Stock Performance

VSH traded up $0.85 during trading on Tuesday, reaching $37.95. 3,600,949 shares of the company's stock were exchanged, compared to its average volume of 4,423,282. The company has a market capitalization of $5.82 billion, a P/E ratio of 199.75, a PEG ratio of 4.50 and a beta of 1.79. The company has a quick ratio of 1.27, a current ratio of 1.80 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average price of $32.68 and a 200 day moving average price of $36.68. Vishay Intertechnology, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $69.47.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.04. Vishay Intertechnology had a net margin of 0.86% and a return on equity of 1.84%. The company had revenue of $918.58 million during the quarter, compared to analysts' expectations of $897.03 million. During the same quarter in the prior year, the company posted ($0.07) EPS. The business's revenue was up 16.6% on a year-over-year basis. As a group, analysts predict that Vishay Intertechnology, Inc. will post 0.85 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

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

Institutional Trading of Vishay Intertechnology

Large investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new stake in shares of Vishay Intertechnology during the second quarter worth approximately $385,000. Tidal Investments LLC acquired a new position in shares of Vishay Intertechnology in the 2nd quarter worth approximately $1,449,000. BlueCrest Capital Management Ltd bought a new stake in Vishay Intertechnology during the 2nd quarter worth approximately $10,756,000. WINTON GROUP Ltd bought a new stake in Vishay Intertechnology during the 2nd quarter worth approximately $597,000. Finally, Engineers Gate Manager LP increased its holdings in Vishay Intertechnology by 39.7% during the 2nd quarter. Engineers Gate Manager LP now owns 122,584 shares of the semiconductor company's stock valued at $6,593,000 after purchasing an additional 34,851 shares in the last quarter. 93.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VSH. Truist Financial assumed coverage on Vishay Intertechnology in a research note on Thursday, September 3rd. They issued a "buy" rating and a $42.00 price objective on the stock. Raymond James Financial initiated coverage on Vishay Intertechnology in a research report on Tuesday, August 4th. They set an "outperform" rating and a $40.00 target price for the company. Wall Street Zen lowered Vishay Intertechnology from a "buy" rating to a "hold" rating in a research note on Saturday, September 5th. Oppenheimer began coverage on Vishay Intertechnology in a research report on Tuesday, September 15th. They issued an "outperform" rating and a $42.00 price target on the stock. Finally, Needham & Company LLC assumed coverage on Vishay Intertechnology in a research note on Tuesday, August 4th. They set a "buy" rating and a $45.00 price objective for the company. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat, Vishay Intertechnology has an average rating of "Moderate Buy" and a consensus price target of $36.17.

About Vishay Intertechnology

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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