Vishay Intertechnology (NYSE:VSH) Trading 13.1% Higher - Here's Why

Vishay Intertechnology, Inc. (NYSE:VSH - Get Free Report) shares shot up 13.1% on Monday . The company traded as high as $14.70 and last traded at $14.86. 305,034 shares were traded during trading, a decline of 86% from the average session volume of 2,193,598 shares. The stock had previously closed at $13.14.

Analyst Ratings Changes

Separately, StockNews.com downgraded Vishay Intertechnology from a "hold" rating to a "sell" rating in a report on Saturday, May 10th.

Vishay Intertechnology Stock Down 1.0%

The company has a quick ratio of 1.73, a current ratio of 2.70 and a debt-to-equity ratio of 0.45. The company has a market cap of $2.03 billion, a price-to-earnings ratio of -62.40 and a beta of 1.06. The stock has a fifty day moving average price of $14.00 and a two-hundred day moving average price of $16.17.

Vishay Intertechnology (NYSE:VSH - Get Free Report) last posted its earnings results on Wednesday, May 7th. The semiconductor company reported ($0.03) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.03). Vishay Intertechnology had a positive return on equity of 3.06% and a negative net margin of 1.06%. The company had revenue of $715.24 million during the quarter, compared to the consensus estimate of $713.50 million. During the same quarter last year, the firm earned $0.22 earnings per share. The company's revenue was down 4.2% on a year-over-year basis. As a group, sell-side analysts expect that Vishay Intertechnology, Inc. will post 0.53 EPS for the current year.

Insider Buying and Selling

In other news, CFO David Mcconnell purchased 2,000 shares of Vishay Intertechnology stock in a transaction dated 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 completion of the acquisition, the chief financial officer now owns 53,501 shares in the company, valued at approximately $785,929.69. This trade represents a 3.88% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Marc Zandman sold 27,176 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $16.88, for a total value of $458,730.88. Following the sale, the chairman now owns 76,468 shares in the company, valued at approximately $1,290,779.84. This trade represents a 26.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 13,000 shares of company stock worth $193,280. Company insiders own 8.32% of the company's stock.

Institutional Trading of Vishay Intertechnology

Several hedge funds and other institutional investors have recently made changes to their positions in VSH. Bernzott Capital Advisors grew its holdings in shares of Vishay Intertechnology by 27.9% during the fourth quarter. Bernzott Capital Advisors now owns 363,629 shares of the semiconductor company's stock worth $6,160,000 after purchasing an additional 79,214 shares during the last quarter. Somerset Trust Co lifted its stake in shares of Vishay Intertechnology by 10.4% in the fourth quarter. Somerset Trust Co now owns 12,253 shares of the semiconductor company's stock worth $208,000 after acquiring an additional 1,152 shares during the period. Inspire Investing LLC lifted its stake in shares of Vishay Intertechnology by 8.7% in the fourth quarter. Inspire Investing LLC now owns 23,658 shares of the semiconductor company's stock worth $401,000 after acquiring an additional 1,898 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of Vishay Intertechnology in the fourth quarter worth approximately $285,000. Finally, Olstein Capital Management L.P. lifted its stake in shares of Vishay Intertechnology by 16.7% in the fourth quarter. Olstein Capital Management L.P. now owns 140,000 shares of the semiconductor company's stock worth $2,372,000 after acquiring an additional 20,000 shares during the period. 93.66% of the stock is currently owned by institutional investors.

Vishay Intertechnology Company Profile

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.