Vishay Intertechnology, Inc. (NYSE:VSH) Chairman Sells $340,198.89 in Stock

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

Vishay Intertechnology Stock Performance

NYSE VSH opened at $16.67 on Thursday. The firm’s 50 day simple moving average is $17.32 and its 200 day simple moving average is $19.21. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 26.89 and a beta of 1.13. The company has a current ratio of 2.81, a quick ratio of 1.85 and a debt-to-equity ratio of 0.38. Vishay Intertechnology, Inc. has a 1 year low of $14.95 and a 1 year high of $24.68.

Vishay Intertechnology (NYSE:VSH) last issued its earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). Vishay Intertechnology had a net margin of 2.88% and a return on equity of 5.35%. The business had revenue of $735.35 million during the quarter, compared to analyst estimates of $748.84 million. During the same period in the prior year, the business posted $0.60 EPS. The company’s revenue for the quarter was down 13.9% compared to the same quarter last year. As a group, research analysts expect that Vishay Intertechnology, Inc. will post 0.55 earnings per share for the current fiscal year.

Vishay Intertechnology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd were issued a $0.10 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.40%. Vishay Intertechnology’s dividend payout ratio (DPR) is currently 64.52%.

Institutional Investors Weigh In On Vishay Intertechnology

A number of hedge funds have recently made changes to their positions in the stock. Matrix Trust Co bought a new position in Vishay Intertechnology in the 3rd quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Vishay Intertechnology by 11,136.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,135 shares of the semiconductor company’s stock worth $48,000 after buying an additional 2,116 shares in the last quarter. Adirondack Trust Co. lifted its stake in shares of Vishay Intertechnology by 71.4% in the 3rd quarter. Adirondack Trust Co. now owns 4,800 shares of the semiconductor company’s stock valued at $91,000 after acquiring an additional 2,000 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Vishay Intertechnology during the 3rd quarter valued at $101,000. Finally, Eastern Bank bought a new stake in Vishay Intertechnology during the 3rd quarter worth $113,000. 93.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Vishay Intertechnology from a “sell” rating to a “hold” rating in a research report on Thursday, December 26th. JPMorgan Chase & Co. assumed coverage on Vishay Intertechnology in a research report on Monday, December 16th. They set a “neutral” rating and a $19.00 target price for the company.

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.