BUZZ-Vishay Intertechnology slides on $750 mln stock sale

REE Automotive Ltd. Class A
Jpmorgan Chase
Vishay Intertechnology, Inc.

REE Automotive Ltd. Class A

REE

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Jpmorgan Chase

JPM

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Vishay Intertechnology, Inc.

VSH

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** 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