VISHAY INTERTECHNOLOGY INC
VSH · Electronic Components & Accessories · 131.1M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $62M (gross $79M, SBC $17M)
Reference price $15.47 · est. market cap ~$2.0B — last insider purchase, 2025-06-13 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C52Discrete/passive-components maker investing heavily through the cycle ('Vishay 3.0'), with a very low gross margin and a near-breakeven, loss-making year.
Strengths
- Adequate liquidity — current ratio 2.62 (67th), quick ratio 1.57
- Some revenue growth — +4.5% (38th); capacity expansion for EV/AI/5G demand
Risks
- Very low gross margin — 19.4% (9th); net loss this year
- Earnings collapse — net income -71.2% (25th), net margin -0.3%
- Heavy capex during a soft cycle pressures near-term cash — qualitative (per 10-K)
Notable findings
- Net lossNet loss (net margin -0.3%)
- Auditor changeRecent 8-K item 4.01 8-K ↗
- Customer concentration~48% of revenue from one customer/distributor — For 2025, certified products comprised 48% of our revenues
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $515M cash & investments
- Notable holderHeld by 4 notable fund(s): STATE STREET CORP, GOLDMAN SACHS GROUP INC, CITADEL ADVISORS LLC +1 more (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
19.4%
Operating margin
1.9%
Net margin
-0.3%
Return on equity
-0.4%
Return on assets
-0.2%
ROIC
1.5%
Revenue growth (QoQ)
4.8%
Debt / equity
0.5×
Net debt / EBITDA
1.5×
Current ratio
2.6×
EBITDA
$282M
Tangible book value
$1.8B
Cash & investments
$515M
Stock comp / revenue
0.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-03-02 | O'Sullivan Michael Shamus | Tax withheld | 360 | $18.72 |
| 2026-03-02 | Hackett Robert Barrett II | Tax withheld | 221 | $18.72 |
| 2026-03-02 | Tomlinson David L | Tax withheld | 257 | $18.72 |
| 2026-03-02 | McConnell David | Tax withheld | 260 | $18.72 |
| 2026-02-25 | Smejkal Joel | Grant | 172K | — |
| 2026-02-25 | ZANDMAN MARC | Grant | 127K | — |
| 2026-02-25 | Hackett Robert Barrett II | Grant | 10K | — |
| 2026-02-25 | Tomlinson David L | Grant | 14K | — |
| 2026-02-25 | O'Sullivan Michael Shamus | Grant | 14K | — |
| 2026-02-25 | Henrici Peter | Grant | 17K | — |
| 2026-02-25 | Shoshani Roy | Grant | 56K | — |
| 2026-02-25 | McConnell David | Grant | 51K | — |
| 2026-01-02 | McConnell David | Tax withheld | 6.0K | $14.49 |
| 2026-01-02 | Smejkal Joel | Tax withheld | 41K | $14.49 |
| 2026-01-02 | ZANDMAN MARC | Tax withheld | 19K | $14.49 |
| 2026-01-02 | Cody Michael J | Tax withheld | 65 | $14.49 |
| 2026-01-02 | Cody Michael J | Grant | 14K | — |
| 2026-01-02 | Hackett Robert Barrett II | Tax withheld | 1.7K | $14.49 |
| 2026-01-02 | Zilberman Raanan | Grant | 14K | — |
| 2026-01-02 | ZANDMAN RUTA | Grant | 14K | — |
| 2026-01-02 | Malvisi John | Grant | 14K | — |
| 2026-01-02 | LUDOMIRSKI ABRAHAM | Grant | 14K | — |
| 2026-01-02 | Kurahashi Michiko | Tax withheld | 65 | $14.49 |
| 2026-01-02 | Kurahashi Michiko | Grant | 14K | — |
| 2026-01-02 | Booth Renee B | Grant | 14K | — |
| 2026-01-02 | O'Sullivan Michael Shamus | Tax withheld | 2.2K | $14.49 |
| 2026-01-02 | Shoshani Roy | Tax withheld | 12K | $14.49 |
| 2026-01-02 | Tomlinson David L | Tax withheld | 1.9K | $14.49 |
| 2026-01-02 | Henrici Peter | Tax withheld | 5.5K | $14.49 |
| 2025-06-13 | Cody Michael J | Buy | 250 | $15.47 |
| 2025-06-11 | Cody Michael J | Buy | 3.5K | $16.12 |
| 2025-05-13 | Hackett Robert Barrett II | Buy | 1.0K | $14.75 |
| 2025-05-13 | Shoshani Roy | Buy | 10K | $14.95 |
| 2025-05-13 | O'Sullivan Michael Shamus | Buy | 2.5K | $14.88 |
| 2025-05-12 | McConnell David | Buy | 2.0K | $14.69 |
| 2025-05-12 | Henrici Peter | Buy | 1.4K | $14.71 |
| 2025-05-12 | Smejkal Joel | Buy | 10K | $14.70 |
| 2025-05-12 | Tomlinson David L | Buy | 1.0K | $14.40 |
| 2025-03-04 | ZANDMAN MARC | Sell | 27K | $16.88 |
| 2025-03-01 | McConnell David | Tax withheld | 260 | $17.14 |
| 2025-03-01 | O'Sullivan Michael Shamus | Tax withheld | 414 | $17.14 |
| 2025-03-01 | Hackett Robert Barrett II | Tax withheld | 221 | $17.14 |
| 2025-03-01 | Tomlinson David L | Tax withheld | 290 | $17.14 |
| 2025-02-26 | Tomlinson David L | Grant | 9.7K | — |
| 2025-02-26 | Henrici Peter | Grant | 17K | — |
| 2025-02-26 | O'Sullivan Michael Shamus | Grant | 11K | — |
| 2025-02-26 | Shoshani Roy | Grant | 56K | — |
| 2025-02-26 | McConnell David | Grant | 33K | — |
| 2025-02-26 | Smejkal Joel | Grant | 6.8K | — |
| 2025-02-26 | Smejkal Joel | Tax withheld | 3.0K | $18.00 |
| 2025-02-26 | Smejkal Joel | Grant | 208K | — |
| 2025-02-26 | ZANDMAN MARC | Grant | 54K | — |
| 2025-02-26 | ZANDMAN MARC | Tax withheld | 27K | $17.70 |
| 2025-02-26 | ZANDMAN MARC | Grant | 44K | — |
| 2025-02-26 | Hackett Robert Barrett II | Grant | 9.7K | — |
| 2025-01-02 | Webster Jeffrey Allen | Tax withheld | 2.4K | $16.94 |
| 2025-01-02 | McConnell David | Tax withheld | 2.2K | $16.94 |
| 2025-01-02 | Shoshani Roy | Tax withheld | 5.3K | $16.94 |
| 2025-01-02 | O'Sullivan Michael Shamus | Tax withheld | 910 | $16.94 |
| 2025-01-02 | Henrici Peter | Tax withheld | 3.1K | $16.94 |
| 2025-01-02 | Tomlinson David L | Tax withheld | 769 | $16.94 |
| 2025-01-02 | Hackett Robert Barrett II | Tax withheld | 662 | $16.94 |
| 2025-01-02 | Booth Renee B | Tax withheld | 64 | $16.94 |
| 2025-01-02 | Booth Renee B | Grant | 11K | — |
| 2025-01-02 | Cody Michael J | Tax withheld | 64 | $16.94 |
| 2025-01-02 | Cody Michael J | Grant | 11K | — |
| 2025-01-02 | Kurahashi Michiko | Tax withheld | 64 | $16.94 |
| 2025-01-02 | Kurahashi Michiko | Grant | 11K | — |
| 2025-01-02 | LUDOMIRSKI ABRAHAM | Grant | 11K | — |
| 2025-01-02 | Malvisi John | Grant | 11K | — |
| 2025-01-02 | SHOSHANI ZIV | Grant | 11K | — |
| 2025-01-02 | TALBERT TIMOTHY | Tax withheld | 64 | $16.94 |
| 2025-01-02 | TALBERT TIMOTHY | Grant | 11K | — |
| 2025-01-02 | ZANDMAN RUTA | Grant | 11K | — |
| 2025-01-02 | Zilberman Raanan | Grant | 11K | — |
| 2025-01-02 | ZANDMAN MARC | Tax withheld | 20K | $16.94 |
| 2025-01-02 | ZANDMAN MARC | Sell | 20K | $16.71 |
| 2025-01-02 | Smejkal Joel | Tax withheld | 17K | $16.94 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-18 | Exec/director changeShareholder voteOtherExhibits | filing ↗ |
| 2026-05-13 | ResultsExhibits | filing ↗ |
| 2026-02-25 | Exec/director changeExhibits | filing ↗ |
| 2026-02-12 | OtherExhibits | filing ↗ |
| 2026-02-04 | ResultsExhibits | filing ↗ |
| 2026-01-09 | Auditor changeExhibits | filing ↗ |
| 2025-11-19 | OtherExhibits | filing ↗ |
| 2025-11-05 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-18 | 2026-05-18 | 0000103730-26-000043 ↗ |
| 8-K | 2026-05-13 | 2026-05-13 | 0000103730-26-000037 ↗ |
| 10-Q | 2026-05-13 | 2026-04-04 | 0000103730-26-000038 ↗ |
| 8-K | 2026-02-25 | 2026-02-25 | 0000103730-26-000023 ↗ |
| 10-K | 2026-02-13 | 2025-12-31 | 0000103730-26-000019 ↗ |
| 8-K | 2026-02-12 | 2026-02-12 | 0000103730-26-000015 ↗ |
| 8-K | 2026-02-04 | 2026-02-04 | 0000103730-26-000008 ↗ |
| 8-K | 2026-01-09 | 2026-01-07 | 0000103730-26-000003 ↗ |
| 8-K | 2025-11-19 | 2025-11-19 | 0000103730-25-000069 ↗ |
| 10-Q | 2025-11-05 | 2025-09-27 | 0000103730-25-000067 ↗ |
| 8-K | 2025-11-05 | 2025-11-05 | 0000103730-25-000066 ↗ |
| 8-K | 2025-08-12 | 2025-08-12 | 0000103730-25-000057 ↗ |