Vishay Intertechnology, Inc. (NYSE:VSH) Chairman Marc Zandman Sells 20,359 Shares

Vishay Intertechnology, Inc. (NYSE:VSH) Chairman Marc Zandman sold 20,359 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Vishay Intertechnology Trading Up 0.2 %

Shares of NYSE:VSH opened at $17.22 on Wednesday. Vishay Intertechnology, Inc. has a 12-month low of $14.95 and a 12-month high of $24.68. The business has a 50 day moving average of $17.33 and a 200-day moving average of $19.22. The company has a quick ratio of 1.85, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. The stock has a market cap of $2.34 billion, a PE ratio of 27.77 and a beta of 1.13.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share (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 the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share. As a group, equities research analysts forecast that Vishay Intertechnology, Inc. will post 0.55 earnings per share for the current year.

Vishay Intertechnology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.32%. The ex-dividend date was Tuesday, December 3rd. Vishay Intertechnology’s dividend payout ratio (DPR) is 64.52%.

Institutional Trading of Vishay Intertechnology

A number of institutional investors have recently bought and sold shares of the business. Matrix Trust Co acquired a new stake in shares of Vishay Intertechnology in the third quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Vishay Intertechnology by 11,136.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,135 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 2,116 shares during the period. Adirondack Trust Co. grew its holdings in shares of Vishay Intertechnology by 71.4% during the 3rd quarter. Adirondack Trust Co. now owns 4,800 shares of the semiconductor company’s stock worth $91,000 after purchasing an additional 2,000 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Vishay Intertechnology in the third quarter worth $101,000. Finally, Eastern Bank acquired a new position in Vishay Intertechnology in the third quarter valued at about $113,000. Institutional investors own 93.66% of the company’s stock.

Analyst Upgrades and Downgrades

VSH has been the subject of a number of recent analyst reports. StockNews.com raised Vishay Intertechnology from a “sell” rating to a “hold” rating in a research report on Thursday, December 26th. JPMorgan Chase & Co. started coverage on shares of Vishay Intertechnology in a research report on Monday, December 16th. They set a “neutral” rating and a $19.00 price objective for the company.

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.