Insider Selling: Vishay Intertechnology, Inc. (NYSE:VSH) Chairman Sells 20,359 Shares of Stock

Vishay Intertechnology, Inc. (NYSE:VSH) Chairman Marc Zandman sold 20,359 shares of Vishay Intertechnology stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $16.71, for a total transaction of $340,198.89. Following the transaction, the chairman now directly owns 32,957 shares in the company, valued at approximately $550,711.47. This represents a 38.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Vishay Intertechnology Trading Up 0.1 %

NYSE VSH traded up $0.02 during trading hours on Monday, hitting $17.18. 1,470,154 shares of the company’s stock were exchanged, compared to its average volume of 1,389,985. The company has a current ratio of 2.81, a quick ratio of 1.85 and a debt-to-equity ratio of 0.38. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 27.71 and a beta of 1.13. The stock has a 50-day simple moving average of $17.36 and a 200 day simple moving average of $19.30. Vishay Intertechnology, Inc. has a 1-year low of $14.95 and a 1-year high of $24.68.

Vishay Intertechnology (NYSE:VSH) last announced its earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.06). The firm had revenue of $735.35 million during the quarter, compared to analysts’ expectations of $748.84 million. Vishay Intertechnology had a net margin of 2.88% and a return on equity of 5.35%. The business’s revenue for the quarter was down 13.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. On average, equities analysts forecast that Vishay Intertechnology, Inc. will post 0.55 EPS for the current fiscal year.

Vishay Intertechnology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.33%. Vishay Intertechnology’s dividend payout ratio (DPR) is currently 64.52%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC boosted its holdings in Vishay Intertechnology by 924.9% in the third quarter. Mountaineer Partners Management LLC now owns 20,844,077 shares of the semiconductor company’s stock valued at $394,161,000 after acquiring an additional 18,810,325 shares in the last quarter. Deprince Race & Zollo Inc. boosted its holdings in shares of Vishay Intertechnology by 94.0% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 3,129,207 shares of the semiconductor company’s stock valued at $69,781,000 after acquiring an additional 1,516,368 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Vishay Intertechnology by 12.7% during the 2nd quarter. American Century Companies Inc. now owns 3,109,768 shares of the semiconductor company’s stock valued at $69,348,000 after buying an additional 350,512 shares during the period. Fisher Asset Management LLC boosted its position in Vishay Intertechnology by 2.5% in the third quarter. Fisher Asset Management LLC now owns 2,673,088 shares of the semiconductor company’s stock worth $50,548,000 after purchasing an additional 66,268 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Vishay Intertechnology by 1.2% during the third quarter. Principal Financial Group Inc. now owns 2,573,745 shares of the semiconductor company’s stock valued at $48,669,000 after buying an additional 30,515 shares during the last quarter. Institutional investors own 93.66% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on VSH shares. StockNews.com raised shares of Vishay Intertechnology from a “sell” rating to a “hold” rating in a research report on Thursday, December 26th. JPMorgan Chase & Co. began coverage on shares of Vishay Intertechnology in a report on Monday, December 16th. They set a “neutral” rating and a $19.00 target price on the stock.

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.