Short Interest in Vishay Intertechnology, Inc. (NYSE:VSH) Increases By 2,254.6%

Key Points

• Vishay Intertechnology, Inc. has experienced a 2,254.6% increase in short interest, totaling 9,350,000 shares as of July 15th, compared to 397,100 shares on June 30th.
• Wall Street analysts have downgraded the company's stock from a "hold" rating to a "sell" rating, indicating a shift in market sentiment.
• Insider trading showed significant activity, with executives buying a total of 16,750 shares in recent months, indicating confidence in the company's future.

Vishay Intertechnology, Inc. (NYSE:VSH - Get Free Report) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 9,350,000 shares, agrowthof2,254.6% from the June 30th total of 397,100 shares. Based on an average daily volume of 1,650,000 shares, the days-to-cover ratio is currently 5.7 days. Approximately7.7% of the shares of the company are sold short. Approximately7.7% of the shares of the company are sold short. Based on an average daily volume of 1,650,000 shares, the days-to-cover ratio is currently 5.7 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Vishay Intertechnology from a "hold" rating to a "sell" rating in a research note on Saturday, May 10th.

Insider Buying and Selling at Vishay Intertechnology

In related news, CFO David Mcconnell bought 2,000 shares of the stock in a transaction on Monday, May 12th. The shares were bought at an average cost of $14.69 per share, for a total transaction of $29,380.00. Following the purchase, the chief financial officer owned 53,501 shares of the company's stock, valued at $785,929.69. This trade represents a 3.88% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Roy Shoshani bought 10,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was bought at an average price of $14.95 per share, for a total transaction of $149,500.00. Following the completion of the purchase, the executive vice president directly owned 106,550 shares in the company, valued at approximately $1,592,922.50. The trade was a 10.36% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 16,750 shares of company stock worth $253,568. 8.32% of the stock is currently owned by insiders.

Institutional Trading of Vishay Intertechnology

Institutional investors have recently bought and sold shares of the company. First Trust Advisors LP raised its holdings in shares of Vishay Intertechnology by 34.5% in the fourth quarter. First Trust Advisors LP now owns 5,077,379 shares of the semiconductor company's stock worth $86,011,000 after acquiring an additional 1,301,383 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Vishay Intertechnology by 20.6% in the fourth quarter. Sei Investments Co. now owns 170,659 shares of the semiconductor company's stock worth $2,891,000 after acquiring an additional 29,137 shares during the last quarter. QRG Capital Management Inc. raised its holdings in shares of Vishay Intertechnology by 79.3% in the first quarter. QRG Capital Management Inc. now owns 25,399 shares of the semiconductor company's stock worth $404,000 after acquiring an additional 11,236 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Vishay Intertechnology by 7.9% in the fourth quarter. Vanguard Group Inc. now owns 16,626,430 shares of the semiconductor company's stock worth $281,652,000 after acquiring an additional 1,224,112 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Vishay Intertechnology by 11,063.0% in the first quarter. GAMMA Investing LLC now owns 42,866 shares of the semiconductor company's stock worth $682,000 after acquiring an additional 42,482 shares during the last quarter. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

Vishay Intertechnology Price Performance

Shares of Vishay Intertechnology stock traded down $0.37 during trading on Friday, reaching $16.02. The company's stock had a trading volume of 791,694 shares, compared to its average volume of 1,943,162. The company has a quick ratio of 1.79, a current ratio of 2.80 and a debt-to-equity ratio of 0.49. Vishay Intertechnology has a 12-month low of $10.35 and a 12-month high of $23.00. The company has a market capitalization of $2.17 billion, a P/E ratio of -32.69 and a beta of 1.12. The business has a 50 day moving average price of $16.06 and a 200-day moving average price of $15.64.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported ($0.03) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.03). Vishay Intertechnology had a positive return on equity of 1.46% and a negative net margin of 2.28%. The firm had revenue of $715.24 million for the quarter, compared to the consensus estimate of $713.50 million. During the same period in the previous year, the business earned $0.22 earnings per share. The company's revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Vishay Intertechnology will post 0.53 EPS for the current year.

Vishay Intertechnology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Wednesday, June 18th. Vishay Intertechnology's payout ratio is presently -81.63%.

About Vishay Intertechnology

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.

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