Vishay Intertechnology slides on $750 mln stock sale

Vishay Intertechnology

30/06/2026 11:29

** Semiconductor and components maker Vishay Intertechnology's VSH.N shares down 8.2% premarket on Tues to $51.65 after $750 mln follow-on priced
** VSH late Mon sold 15 mln shares at $50, an 11.2% discount to last sale
** Co to use net offering proceeds for growth and general corp purposes, including to reduce borrowings under its credit facility
** JP Morgan lead bookrunner; Needham, Oppenheimer, Raymond James, TD Cowen and Truist also bookrunners
** Malvern, Pennsylvania-based VSH had ~124 mln shares outstanding as of Apr 4, per the prospectus
** Through Mon, VSH stock up 288% YTD
** Avg rating among 3 analysts covering the stock is "hold"; there are 2 PTs of $28 and $40, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))