Vishay Intertechnology, Inc. (VSH) Director Sells $435,800.00 in Stock
Vishay Intertechnology, Inc. (NYSE:VSH) Director Abraham Ludomirski sold 20,000 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $21.79, for a total transaction of $435,800.00. Following the sale, the director now directly owns 86,232 shares of the company’s stock, valued at $1,878,995.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Vishay Intertechnology, Inc. (VSH) traded down 0.92% during midday trading on Monday, hitting $21.60. 1,614,113 shares of the stock traded hands. Vishay Intertechnology, Inc. has a 52 week low of $13.75 and a 52 week high of $22.00. The stock has a market capitalization of $3.16 billion, a P/E ratio of 40.99 and a beta of 1.24. The stock’s 50-day moving average price is $19.65 and its 200-day moving average price is $17.60.
Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. Vishay Intertechnology had a net margin of 4.34% and a return on equity of 11.77%. The company had revenue of $677.90 million during the quarter, compared to analysts’ expectations of $660.32 million. During the same period last year, the company posted $0.25 EPS. Vishay Intertechnology’s revenue was up 14.5% on a year-over-year basis. Equities research analysts expect that Vishay Intertechnology, Inc. will post $1.37 EPS for the current fiscal year.
Vishay Intertechnology declared that its Board of Directors has initiated a share repurchase plan on Wednesday, August 2nd that allows the company to buyback $150.00 million in shares. This buyback authorization allows the semiconductor company to repurchase up to 5.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
A number of hedge funds and other institutional investors have recently modified their holdings of VSH. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Vishay Intertechnology by 9.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,800 shares of the semiconductor company’s stock valued at $113,000 after acquiring an additional 600 shares during the period. Riverhead Capital Management LLC lifted its position in Vishay Intertechnology by 65.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 8,090 shares of the semiconductor company’s stock valued at $134,000 after acquiring an additional 3,190 shares during the period. Shelton Capital Management purchased a new position in Vishay Intertechnology during the 2nd quarter valued at about $169,000. LS Investment Advisors LLC lifted its position in Vishay Intertechnology by 17.9% during the 2nd quarter. LS Investment Advisors LLC now owns 10,513 shares of the semiconductor company’s stock valued at $175,000 after acquiring an additional 1,595 shares during the period. Finally, Oakbrook Investments LLC purchased a new position in Vishay Intertechnology during the 3rd quarter valued at about $192,000.
Several research firms have recently commented on VSH. Citigroup Inc. boosted their target price on shares of Vishay Intertechnology from $16.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday. Stifel Nicolaus boosted their target price on shares of Vishay Intertechnology from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday. Zacks Investment Research raised shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $22.00 target price for the company in a research report on Thursday, October 5th. Finally, BidaskClub raised shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Vishay Intertechnology has an average rating of “Hold” and an average target price of $20.33.
Vishay Intertechnology Company Profile
Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five product segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors and Capacitors. MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs.
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