Vishay Intertechnology (VSH) Expected to Post Quarterly Sales of $672.95 Million

Wall Street brokerages forecast that Vishay Intertechnology (NYSE:VSH) will report $672.95 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Vishay Intertechnology’s earnings. The highest sales estimate is $680.90 million and the lowest is $665.00 million. Vishay Intertechnology reported sales of $570.82 million in the same quarter last year, which would suggest a positive year over year growth rate of 17.9%. The firm is scheduled to issue its next earnings report before the market opens on Tuesday, February 6th.

On average, analysts expect that Vishay Intertechnology will report full year sales of $672.95 million for the current fiscal year, with estimates ranging from $2.59 billion to $2.61 billion. For the next financial year, analysts anticipate that the firm will post sales of $2.77 billion per share, with estimates ranging from $2.75 billion to $2.79 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Vishay Intertechnology.

Vishay Intertechnology (NYSE:VSH) last released its earnings results on Thursday, October 26th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.05. Vishay Intertechnology had a net margin of 4.34% and a return on equity of 11.77%. The business had revenue of $677.90 million during the quarter, compared to analyst estimates of $660.32 million. During the same quarter in the prior year, the firm earned $0.25 earnings per share. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year.

VSH has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Vishay Intertechnology from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Tuesday, January 23rd. Stifel Nicolaus upped their price objective on shares of Vishay Intertechnology from $18.00 to $20.00 and gave the company a “hold” rating in a report on Friday, October 27th. Finally, Citigroup upped their price objective on shares of Vishay Intertechnology from $16.00 to $19.00 and gave the company a “sell” rating in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. Vishay Intertechnology currently has a consensus rating of “Hold” and an average target price of $22.00.

Shares of Vishay Intertechnology (NYSE VSH) opened at $22.50 on Friday. The company has a current ratio of 4.33, a quick ratio of 3.44 and a debt-to-equity ratio of 0.38. Vishay Intertechnology has a 1-year low of $15.35 and a 1-year high of $23.85. The stock has a market cap of $3,240.00, a price-to-earnings ratio of 33.09, a PEG ratio of 0.68 and a beta of 1.20.

In related news, Director Abraham Ludomirski sold 20,000 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $21.79, for a total value of $435,800.00. Following the completion of the sale, the director now owns 86,232 shares of the company’s stock, valued at $1,878,995.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gerald Paul sold 50,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $21.37, for a total transaction of $1,068,500.00. Following the completion of the sale, the chief executive officer now directly owns 162,986 shares of the company’s stock, valued at approximately $3,483,010.82. The disclosure for this sale can be found here. Corporate insiders own 7.91% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in VSH. Janus Henderson Group PLC purchased a new position in Vishay Intertechnology during the second quarter worth about $23,771,000. Goldman Sachs Group Inc. boosted its stake in Vishay Intertechnology by 48.0% during the second quarter. Goldman Sachs Group Inc. now owns 2,491,893 shares of the semiconductor company’s stock worth $41,366,000 after buying an additional 808,504 shares during the period. Schroder Investment Management Group boosted its stake in Vishay Intertechnology by 11.5% during the third quarter. Schroder Investment Management Group now owns 7,205,858 shares of the semiconductor company’s stock worth $134,750,000 after buying an additional 744,701 shares during the period. Acadian Asset Management LLC boosted its stake in Vishay Intertechnology by 65.4% during the fourth quarter. Acadian Asset Management LLC now owns 1,176,191 shares of the semiconductor company’s stock worth $24,407,000 after buying an additional 465,105 shares during the period. Finally, Koch Industries Inc. purchased a new position in Vishay Intertechnology during the second quarter worth about $417,000.

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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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