Zacks: Analysts Anticipate Vishay Intertechnology, Inc. (NYSE:VSH) Will Post Earnings of $0.36 Per Share
Brokerages expect Vishay Intertechnology, Inc. (NYSE:VSH) to report earnings per share (EPS) of $0.36 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Vishay Intertechnology’s earnings. The lowest EPS estimate is $0.36 and the highest is $0.37. Vishay Intertechnology reported earnings per share of $0.25 in the same quarter last year, which indicates a positive year-over-year growth rate of 44%. The business is scheduled to report its next quarterly earnings results on Monday, November 6th.
On average, analysts expect that Vishay Intertechnology will report full-year earnings of $1.34 per share for the current financial year, with EPS estimates ranging from $1.29 to $1.38. For the next fiscal year, analysts expect that the company will report earnings of $1.37 per share, with EPS estimates ranging from $1.28 to $1.44. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Vishay Intertechnology.
Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.02. The company had revenue of $644.89 million for the quarter, compared to analysts’ expectations of $643.19 million. Vishay Intertechnology had a return on equity of 9.89% and a net margin of 3.34%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 earnings per share.
Several equities analysts recently issued reports on VSH shares. BidaskClub upgraded Vishay Intertechnology from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. ValuEngine upgraded Vishay Intertechnology from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered Vishay Intertechnology from a “buy” rating to a “hold” rating in a research report on Saturday, May 6th. Finally, Stifel Nicolaus restated a “hold” rating and set a $17.00 price target on shares of Vishay Intertechnology in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $18.50.
Vishay Intertechnology (NYSE:VSH) traded up 1.16% during mid-day trading on Monday, hitting $17.40. The stock had a trading volume of 354,862 shares. The company’s 50 day moving average price is $17.34 and its 200 day moving average price is $16.59. Vishay Intertechnology has a 52 week low of $13.37 and a 52 week high of $18.55. The firm has a market cap of $2.54 billion, a PE ratio of 33.02 and a beta of 1.22.
Vishay Intertechnology declared that its board has initiated a stock repurchase program on Wednesday, August 2nd that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to purchase up to 5.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
A number of institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Vishay Intertechnology by 16,353.4% in the first quarter. BlackRock Inc. now owns 14,187,434 shares of the semiconductor company’s stock worth $233,383,000 after buying an additional 14,101,206 shares in the last quarter. DnB Asset Management AS raised its stake in shares of Vishay Intertechnology by 30.2% in the second quarter. DnB Asset Management AS now owns 3,761,245 shares of the semiconductor company’s stock worth $62,437,000 after buying an additional 872,816 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in shares of Vishay Intertechnology by 3,733.3% in the first quarter. Thrivent Financial For Lutherans now owns 878,220 shares of the semiconductor company’s stock worth $14,446,000 after buying an additional 855,310 shares in the last quarter. Numeric Investors LLC raised its stake in shares of Vishay Intertechnology by 110.9% in the second quarter. Numeric Investors LLC now owns 1,554,375 shares of the semiconductor company’s stock worth $25,803,000 after buying an additional 817,200 shares in the last quarter. Finally, Quentec Asset Management LLC acquired a new stake in shares of Vishay Intertechnology during the second quarter worth $12,035,000.
About Vishay Intertechnology
Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five product segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors and Capacitors. MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs.
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