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

Vishay Intertechnology (NYSE:VSH) released its quarterly earnings results on Wednesday. The semiconductor company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02, Briefing.com reports. Vishay Intertechnology had a return on equity of 15.72% and a net margin of 9.52%. The firm had revenue of $746.30 million during the quarter, compared to analysts’ expectations of $735.96 million. During the same period last year, the firm posted $0.79 EPS. The business’s revenue was down 14.3% on a year-over-year basis. Vishay Intertechnology updated its Q2 2024 guidance to EPS.

Vishay Intertechnology Trading Down 4.2 %

Shares of NYSE VSH traded down $0.96 during midday trading on Wednesday, hitting $22.01. The stock had a trading volume of 289,634 shares, compared to its average volume of 1,274,694. The company’s 50-day simple moving average is $22.25 and its 200 day simple moving average is $22.48. The firm has a market cap of $3.03 billion, a P/E ratio of 9.94 and a beta of 1.21. Vishay Intertechnology has a fifty-two week low of $20.83 and a fifty-two week high of $30.10. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.32 and a quick ratio of 2.38.

Vishay Intertechnology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, March 14th were paid a $0.10 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.40 annualized dividend and a dividend yield of 1.82%. Vishay Intertechnology’s dividend payout ratio (DPR) is currently 17.32%.

Insider Activity

In other news, Chairman Marc Zandman sold 26,154 shares of Vishay Intertechnology stock in a transaction on Monday, March 4th. The stock was sold at an average price of $22.83, for a total value of $597,095.82. Following the completion of the sale, the chairman now directly owns 73,678 shares of the company’s stock, valued at approximately $1,682,068.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.14% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.