Vishay Intertechnology, Inc. (VSH) Expected to Announce Quarterly Sales of $660.35 Million
Equities analysts expect that Vishay Intertechnology, Inc. (NYSE:VSH) will report $660.35 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Vishay Intertechnology’s earnings, with estimates ranging from $650.00 million to $670.70 million. Vishay Intertechnology reported sales of $591.96 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.6%. The firm is expected to report its next quarterly earnings results on Monday, November 6th.
On average, analysts expect that Vishay Intertechnology will report full year sales of $660.35 million for the current year, with estimates ranging from $2.54 billion to $2.57 billion. For the next fiscal year, analysts expect that the company will post sales of $2.65 billion per share, with estimates ranging from $2.61 billion to $2.68 billion. Zacks’ sales averages are a mean average based on a survey of research firms that cover Vishay Intertechnology.
Vishay Intertechnology (NYSE:VSH) last released its earnings results on Thursday, August 3rd. The semiconductor company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.02. Vishay Intertechnology had a return on equity of 9.89% and a net margin of 3.34%. The business had revenue of $644.89 million during the quarter, compared to the consensus estimate of $643.19 million. During the same period last year, the company earned $0.23 earnings per share. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year.
Several equities analysts have recently commented on VSH shares. BidaskClub raised Vishay Intertechnology from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Stifel Nicolaus reissued a “hold” rating and set a $17.00 target price on shares of Vishay Intertechnology in a research note on Friday, July 14th. Finally, Zacks Investment Research lowered Vishay Intertechnology from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $19.50.
Vishay Intertechnology (NYSE VSH) traded down 0.120% during mid-day trading on Wednesday, hitting $20.775. The stock had a trading volume of 246,535 shares. The company has a market cap of $2.79 billion, a PE ratio of 56.149 and a beta of 1.24. Vishay Intertechnology has a one year low of $13.66 and a one year high of $20.95. The firm’s 50-day moving average price is $18.25 and its 200 day moving average price is $17.14.
Vishay Intertechnology declared that its board has initiated a stock buyback program on Wednesday, August 2nd that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 5.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Friday, September 15th were paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Thursday, September 14th. Vishay Intertechnology’s payout ratio is 49.02%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE lifted its stake in Vishay Intertechnology by 15.0% during the 1st quarter. Bank of America Corp DE now owns 513,444 shares of the semiconductor company’s stock worth $8,446,000 after acquiring an additional 66,895 shares in the last quarter. Prudential Financial Inc. lifted its stake in Vishay Intertechnology by 18.9% during the 2nd quarter. Prudential Financial Inc. now owns 1,514,638 shares of the semiconductor company’s stock worth $25,143,000 after acquiring an additional 240,710 shares in the last quarter. Systematic Financial Management LP lifted its stake in Vishay Intertechnology by 21.1% during the 2nd quarter. Systematic Financial Management LP now owns 1,234,992 shares of the semiconductor company’s stock worth $20,501,000 after acquiring an additional 215,039 shares in the last quarter. Bowling Portfolio Management LLC lifted its stake in Vishay Intertechnology by 80.7% during the 2nd quarter. Bowling Portfolio Management LLC now owns 93,581 shares of the semiconductor company’s stock worth $1,553,000 after acquiring an additional 41,780 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Vishay Intertechnology by 8.7% during the 1st quarter. Geode Capital Management LLC now owns 1,321,090 shares of the semiconductor company’s stock worth $21,731,000 after acquiring an additional 105,833 shares in the last quarter.
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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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