In a recent transaction filed with the Securities and Exchange Commission, Cody Michael J, a director at Vishay Intertechnology Inc . (NYSE:VSH), sold 8,748 shares of the company's common stock. The timing of this sale comes as InvestingPro data shows three analysts have revised their earnings downward for the upcoming period, with the company's revenue expected to decline by 13% this year. The shares were sold at a weighted average price of $18.28, amounting to a total transaction value of $159,913. Following this sale, Cody retains ownership of 45,551 shares directly. The shares were sold in multiple transactions, with prices ranging from $18.27 to $18.29. Despite current market challenges, Vishay maintains strong liquidity with a current ratio of 2.81, and has consistently paid dividends for 11 consecutive years. For deeper insights into insider trading patterns and comprehensive financial analysis, access the full VSH research report on InvestingPro.
In other recent news, Vishay Intertechnology has reported stable third-quarter revenue of $735.4 million, despite dealing with sluggish demand and inventory destocking. The semiconductor manufacturer also recorded a GAAP loss per share of $0.14, with an adjusted EPS at $0.08. The company has made strategic adjustments to the conversion rates for its convertible senior notes due to its quarterly cash dividend program, and has authorized the repurchase of an additional 3.0 million shares of common stock.
In terms of dividends, Vishay's Board of Directors announced a dividend of $0.10 per share. The company has also been identified as a significant beneficiary within Nvidia (NASDAQ:NVDA)'s supply chain for AI servers and the upcoming RTX 50 series graphics cards, according to analyst Ming-Chi Kuo.
These are recent developments that reflect Vishay's commitment to its long-term strategy, Vishay 3.0, which aims to enhance customer engagement and prepare for future demand recovery. The company plans to invest $2.6 billion in CapEx from 2023 to 2028 and aims to increase MOSFET capacity by 12% and inductor capacity by 15% in 2024. The strategic acquisition of Birkelbach to support smart grid projects also indicates growth in this sector.
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