Vishay Intertechnology (NYSE:VSH) Issues Earnings Results

Vishay Intertechnology (NYSE:VSH - Get Free Report) released its quarterly earnings results on Wednesday. The semiconductor company reported $0.22 earnings per share 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%. The business's quarterly revenue was down 14.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 earnings per share. Vishay Intertechnology updated its Q2 2024 guidance to EPS.

Vishay Intertechnology Trading Down 1.7 %

Vishay Intertechnology stock traded down $0.40 during mid-day trading on Wednesday, hitting $22.57. 2,541,744 shares of the stock were exchanged, compared to its average volume of 1,302,268. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 9.94 and a beta of 1.21. Vishay Intertechnology has a 12 month low of $20.83 and a 12 month high of $30.10. The company has a quick ratio of 2.38, a current ratio of 3.32 and a debt-to-equity ratio of 0.37. The firm's fifty day simple moving average is $22.25 and its two-hundred day simple moving average is $22.48.

Vishay Intertechnology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 14th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Wednesday, March 13th. Vishay Intertechnology's payout ratio is presently 17.32%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus reissued a "buy" rating and issued a $25.00 price objective on shares of Vishay Intertechnology in a research note on Wednesday, April 3rd.

Insider Activity

In related news, Chairman Marc Zandman sold 26,154 shares of the firm's stock in a transaction that occurred 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 owns 73,678 shares of the company's stock, valued at $1,682,068.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.