Vishay Intertechnology (NYSE:VSH) Issues Earnings Results, Beats Expectations By $0.02 EPS

Vishay Intertechnology (NYSE:VSH) announced its quarterly earnings data on Wednesday. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02, Briefing.com reports. The company had revenue of $746.30 million for the quarter, compared to analysts’ expectations of $735.96 million. Vishay Intertechnology had a return on equity of 15.72% and a net margin of 9.52%. Vishay Intertechnology’s revenue was down 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.79 earnings per share. Vishay Intertechnology updated its Q2 2024 guidance to EPS.

Vishay Intertechnology Stock Down 0.5 %

Vishay Intertechnology stock opened at $22.97 on Wednesday. Vishay Intertechnology has a twelve month low of $20.83 and a twelve month high of $30.10. The business has a fifty day moving average of $22.25 and a two-hundred day moving average of $22.48. The firm has a market cap of $3.16 billion, a P/E ratio of 9.94 and a beta of 1.21. The company has a quick ratio of 2.38, a current ratio of 3.32 and a debt-to-equity ratio of 0.37.

Vishay Intertechnology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 14th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Wednesday, March 13th. Vishay Intertechnology’s dividend payout ratio (DPR) is 17.32%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus restated a “buy” rating and issued a $25.00 price objective on shares of Vishay Intertechnology in a report on Wednesday, April 3rd.

Insider Activity

In related news, Chairman Marc Zandman sold 26,154 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $22.83, for a total transaction of $597,095.82. Following the completion of the sale, the chairman now directly owns 73,678 shares in the company, valued at approximately $1,682,068.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.14% of the company’s stock.

About Vishay Intertechnology

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.