Vishay Intertechnology, Inc. (VSH)
After hours:
- Zacks
Wolfspeed (WOLF) Moves 7.9% Higher: Will This Strength Last?
Wolfspeed (WOLF) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
- GlobeNewswire
Vishay Intertechnology Board of Directors Issues Statement in Response to Open Letter Submitted by Mountaineer Partners Management
MALVERN, Pa., April 23, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) today issued the following statement from its Board of Directors in response to the press release issued on April 22, 2024 by Mountaineer Partners Management, LLC (“Mountaineer”) in which Mountaineer published its letter to the Board of Directors urging the Board to consider adopting and implementing a $600 million accelerated share repurchase. Vishay regularly engages with our stockholders and welcomes con
- Reuters
Hedge fund Mountaineer Partners urges Vishay to buy back shares
Hedge fund Mountaineer Partners is urging discrete electronic components maker Vishay Intertechnology to buy back $600 million worth of stock this year, citing the company's "irrationally low valuation," according to a letter reviewed by Reuters. New York-based Mountaineer, which owns 1.7% of Vishay, in a letter to the board on Monday said that Vishay has cash on its balance sheet it doesn't need and could use more sensibly to repurchase stock. "Given Vishay's overcapitalized balance sheet, the Board should take advantage of Vishay's irrationally low valuation by approving and implementing a $600 million accelerated share repurchase," said the letter, signed by Mountaineer partner Greg Williams said.
