Zacks: Analysts Expect Vishay Intertechnology, Inc. (VSH) Will Announce Quarterly Sales of $650.00 Million
Equities research analysts forecast that Vishay Intertechnology, Inc. (NYSE:VSH) will post sales of $650.00 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Vishay Intertechnology’s earnings. Vishay Intertechnology reported sales of $591.96 million during the same quarter last year, which indicates a positive year-over-year growth rate of 9.8%. The company is expected to report its next quarterly earnings results on Monday, November 6th.
According to Zacks, analysts expect that Vishay Intertechnology will report full-year sales of $650.00 million for the current year, with estimates ranging from $2.53 billion to $2.54 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.61 billion per share, with estimates ranging from $2.61 billion to $2.62 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Vishay Intertechnology.
Vishay Intertechnology (NYSE:VSH) last announced its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The firm had revenue of $644.89 million during the quarter, compared to analysts’ expectations of $643.19 million. Vishay Intertechnology had a net margin of 3.34% and a return on equity of 9.89%. Vishay Intertechnology’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 earnings per share.
A number of research analysts have commented on the stock. Zacks Investment Research downgraded shares of Vishay Intertechnology from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. BidaskClub downgraded shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Stifel Nicolaus restated a “hold” rating and issued a $17.00 price target on shares of Vishay Intertechnology in a research report on Monday, August 14th. Finally, ValuEngine upgraded shares of Vishay Intertechnology from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Vishay Intertechnology has an average rating of “Hold” and a consensus target price of $18.50.
Vishay Intertechnology (VSH) opened at 17.95 on Friday. Vishay Intertechnology has a 1-year low of $13.66 and a 1-year high of $18.55. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 34.06 and a beta of 1.23. The firm has a 50-day moving average of $17.49 and a 200-day moving average of $16.81.
Vishay Intertechnology declared that its board has initiated a share buyback program on Wednesday, August 2nd that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase up to 5.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Friday, September 15th will be given a $0.0625 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.39%. Vishay Intertechnology’s payout ratio is currently 49.02%.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Vishay Intertechnology by 16,353.4% in the 1st 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 during the last quarter. Vanguard Group Inc. lifted its position in Vishay Intertechnology by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 11,189,840 shares of the semiconductor company’s stock valued at $184,073,000 after purchasing an additional 604,683 shares during the last quarter. LSV Asset Management lifted its position in Vishay Intertechnology by 2.6% in the 2nd quarter. LSV Asset Management now owns 7,144,985 shares of the semiconductor company’s stock valued at $118,606,000 after purchasing an additional 178,200 shares during the last quarter. Schroder Investment Management Group lifted its position in Vishay Intertechnology by 12.5% in the 2nd quarter. Schroder Investment Management Group now owns 6,461,157 shares of the semiconductor company’s stock valued at $107,579,000 after purchasing an additional 718,745 shares during the last quarter. Finally, State Street Corp lifted its position in Vishay Intertechnology by 6.5% in the 2nd quarter. State Street Corp now owns 4,824,475 shares of the semiconductor company’s stock valued at $80,084,000 after purchasing an additional 295,455 shares during the last quarter.
Vishay Intertechnology Company Profile
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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