Marc Zandman, Executive Chairman and Chief Business Development Officer at Vishay Intertechnology Inc . (NYSE:VSH), reported the sale of 20,359 shares of common stock on January 2, 2025. The shares were sold at an average price of $16.71 each, totaling approximately $340,198. This transaction was conducted under a pre-established Rule 10b5-1 trading plan. The stock, currently trading at $17.19, appears slightly overvalued according to InvestingPro Fair Value metrics, with analysts projecting declining sales for the current year.
In addition to the stock sale, Zandman reported the acquisition of 5,000 Phantom Stock Units on January 1, 2025. These units, each equivalent to one share of common stock, will be converted upon his termination of employment. Following these transactions, Zandman holds 132,576 shares, including additional units granted as dividend equivalents. InvestingPro data shows VSH has maintained dividend payments for 11 consecutive years, with comprehensive insider trading analysis available in the Pro Research Report covering 1,400+ top stocks.
In other recent news, Vishay Intertechnology has reported a stable third-quarter revenue of $735.4 million, despite challenges such as inventory destocking and sluggish demand. The company has also announced an expansion of its MELF resistors product line, which now offers enhanced precision features and higher resistance values. Additionally, Vishay has launched a new solid-state relay, the VOR1060M4, designed for fast switching in various applications.
JPMorgan (NYSE:JPM) initiated coverage on Vishay with a Neutral rating, acknowledging the company's strong positioning in the semiconductor cycle recovery and the increasing trend of electronic content in automotive and industrial applications. Furthermore, Vishay has been identified as a significant beneficiary within Nvidia (NASDAQ:NVDA)'s supply chain for AI servers and the upcoming RTX (NYSE:RTX) 50 series graphics cards. The company is set to commence mass production as a new DrMOS supplier for Nvidia's anticipated RTX 50 series graphics cards in 2025.
Vishay has adjusted the conversion rates for its convertible senior notes and authorized the repurchase of an additional 3.0 million shares of common stock. The company declared a dividend of $0.10 per share, payable to shareholders on record as of a recent date. These are the recent developments that reflect Vishay's commitment to its long-term strategy and growth-focused approach.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.