Zacks: Brokerages Anticipate Vishay Intertechnology (VSH) Will Announce Quarterly Sales of $665.00 Million

Equities analysts forecast that Vishay Intertechnology (NYSE:VSH) will post $665.00 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Vishay Intertechnology’s earnings. Vishay Intertechnology posted sales of $570.82 million during the same quarter last year, which would indicate a positive year over year growth rate of 16.5%. The company is expected to report its next quarterly earnings report before the market opens on Tuesday, February 6th.

According to Zacks, analysts expect that Vishay Intertechnology will report full year sales of $665.00 million for the current year. For the next fiscal year, analysts anticipate that the business will post sales of $2.75 billion per share. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Vishay Intertechnology.

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

A number of research analysts have commented on VSH shares. Zacks Investment Research upgraded Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research note on Thursday, October 5th. Stifel Nicolaus boosted their target price on Vishay Intertechnology from $18.00 to $20.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Finally, Citigroup boosted their target price on Vishay Intertechnology from $16.00 to $19.00 and gave the company a “sell” rating in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Vishay Intertechnology presently has an average rating of “Hold” and a consensus price target of $20.33.

In other Vishay Intertechnology news, Director Abraham Ludomirski sold 20,000 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was 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 through this link. Also, CEO Gerald Paul sold 50,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $21.37, for a total value 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. 7.91% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in VSH. Janus Henderson Group PLC acquired a new stake in shares of Vishay Intertechnology in the second quarter worth about $23,771,000. Numeric Investors LLC lifted its position 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 during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Vishay Intertechnology by 48.0% in 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 last quarter. Schroder Investment Management Group lifted its position in shares of Vishay Intertechnology by 11.5% in 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 last quarter. Finally, Quentec Asset Management LLC acquired a new stake in shares of Vishay Intertechnology in the second quarter worth about $12,035,000.

Shares of Vishay Intertechnology (NYSE VSH) traded up $0.05 during midday trading on Wednesday, reaching $21.90. The company’s stock had a trading volume of 958,735 shares, compared to its average volume of 1,048,304. The company has a quick ratio of 3.44, a current ratio of 4.33 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 $23.45. The stock has a market capitalization of $3,212.02, a P/E ratio of 32.21, a P/E/G ratio of 0.69 and a beta of 1.20.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th were given a $0.0675 dividend. The ex-dividend date was Wednesday, December 6th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.23%. This is a boost from Vishay Intertechnology’s previous quarterly dividend of $0.06. Vishay Intertechnology’s payout ratio is currently 39.71%.

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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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