Vishay Intertechnology, Inc. (VSH) CEO Sells $1,068,500.00 in Stock
Vishay Intertechnology, Inc. (NYSE:VSH) CEO Gerald Paul sold 50,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $21.37, for a total value of $1,068,500.00. Following the completion of the transaction, the chief executive officer now directly owns 162,986 shares of the company’s stock, valued at $3,483,010.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Vishay Intertechnology (NYSE:VSH) last issued its earnings results on Thursday, October 26th. The semiconductor company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.05. The company had revenue of $677.90 million during the quarter, compared to the consensus estimate of $660.32 million. Vishay Intertechnology had a net margin of 4.34% and a return on equity of 11.77%. Vishay Intertechnology’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS.
Vishay Intertechnology declared that its Board of Directors has authorized a stock repurchase program on Wednesday, August 2nd that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the semiconductor company to buy up to 5.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
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A number of equities research analysts recently issued reports on VSH shares. BidaskClub downgraded Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Citigroup Inc. increased their price objective on Vishay Intertechnology from $16.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday, October 27th. Stifel Nicolaus increased their price objective on Vishay Intertechnology from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research downgraded Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $20.33.
Institutional investors have recently modified their holdings of the stock. Fox Run Management L.L.C. bought a new position in Vishay Intertechnology in the 3rd quarter worth $934,000. Prudential Financial Inc. boosted its holdings in Vishay Intertechnology by 18.9% in the 2nd quarter. Prudential Financial Inc. now owns 1,514,638 shares of the semiconductor company’s stock worth $25,143,000 after buying an additional 240,710 shares during the period. Bank of America Corp DE boosted its holdings in Vishay Intertechnology by 15.0% in the 1st quarter. Bank of America Corp DE now owns 513,444 shares of the semiconductor company’s stock worth $8,446,000 after buying an additional 66,895 shares during the period. Systematic Financial Management LP boosted its holdings in Vishay Intertechnology by 21.1% in the 2nd quarter. Systematic Financial Management LP now owns 1,234,992 shares of the semiconductor company’s stock worth $20,501,000 after buying an additional 215,039 shares during the period. Finally, Bowling Portfolio Management LLC boosted its holdings in Vishay Intertechnology by 80.7% in the 2nd quarter. Bowling Portfolio Management LLC now owns 93,581 shares of the semiconductor company’s stock worth $1,553,000 after buying an additional 41,780 shares during the period.
About Vishay Intertechnology
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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