Stock Traders Purchase Large Volume of Put Options on Vishay Intertechnology (VSH)

Vishay Intertechnology (NYSE:VSH) was the target of some unusual options trading activity on Thursday. Traders purchased 5,007 put options on the stock. This is an increase of 1,218% compared to the average volume of 380 put options.

A number of brokerages have recently commented on VSH. Zacks Investment Research cut shares of Vishay Intertechnology from a “hold” rating to a “strong sell” rating in a research report on Thursday. ValuEngine cut shares of Vishay Intertechnology from a “sell” rating to a “strong sell” rating in a research report on Monday. Finally, Bank of America cut shares of Vishay Intertechnology from a “buy” rating to a “neutral” rating and set a $23.00 target price for the company. in a research report on Wednesday, February 6th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Vishay Intertechnology has a consensus rating of “Hold” and a consensus price target of $24.75.

In other Vishay Intertechnology news, CEO Gerald Paul sold 66,000 shares of the stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $21.77, for a total transaction of $1,436,820.00. Following the transaction, the chief executive officer now directly owns 220,824 shares of the company’s stock, valued at $4,807,338.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Frank Dieter Maier sold 6,421 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $21.75, for a total transaction of $139,656.75. Following the completion of the sale, the director now owns 74,399 shares of the company’s stock, valued at $1,618,178.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 157,782 shares of company stock worth $3,444,175. Insiders own 8.07% of the company’s stock.



A number of institutional investors have recently added to or reduced their stakes in VSH. Meeder Asset Management Inc. acquired a new stake in Vishay Intertechnology during the first quarter worth about $37,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Vishay Intertechnology during the fourth quarter worth about $50,000. Oregon Public Employees Retirement Fund increased its position in Vishay Intertechnology by 1,701.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 939,780 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 887,599 shares during the last quarter. Strs Ohio increased its position in shares of Vishay Intertechnology by 41.7% during the fourth quarter. Strs Ohio now owns 8,500 shares of the semiconductor company’s stock valued at $153,000 after acquiring an additional 2,500 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Vishay Intertechnology by 17.3% during the fourth quarter. SG Americas Securities LLC now owns 10,506 shares of the semiconductor company’s stock valued at $189,000 after acquiring an additional 1,553 shares during the last quarter. Hedge funds and other institutional investors own 89.53% of the company’s stock.

Vishay Intertechnology stock traded down $0.71 during midday trading on Friday, hitting $16.36. 127,659 shares of the stock were exchanged, compared to its average volume of 1,365,936. Vishay Intertechnology has a fifty-two week low of $16.59 and a fifty-two week high of $26.50. The stock has a market cap of $2.47 billion, a P/E ratio of 7.70, a PEG ratio of 1.13 and a beta of 1.41. The company has a current ratio of 3.09, a quick ratio of 2.25 and a debt-to-equity ratio of 0.40.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.01. Vishay Intertechnology had a net margin of 11.72% and a return on equity of 23.80%. The firm had revenue of $745.16 million during the quarter, compared to analysts’ expectations of $754.26 million. During the same period last year, the business earned $0.40 earnings per share. Vishay Intertechnology’s revenue was up 4.0% compared to the same quarter last year. As a group, analysts forecast that Vishay Intertechnology will post 1.65 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be given a dividend of $0.095 per share. This is a boost from Vishay Intertechnology’s previous quarterly dividend of $0.09. This represents a $0.38 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, June 12th. Vishay Intertechnology’s dividend payout ratio (DPR) is presently 16.04%.

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Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc manufactures and supplies discrete semiconductors and passive components in the United States, Europe, and Asia. The Metal Oxide Semiconductor Field Effect Transistors (MOSFETs) segment offers low- and medium-voltage TrenchFET MOSFETs, high-voltage planar MOSFETs, high voltage super junction MOSFETs, power integrated circuits, and integrated function power devices.

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