Analysts Expect Vishay Intertechnology (NYSE:VSH) Will Post Quarterly Sales of $600.00 Million

Wall Street brokerages expect Vishay Intertechnology (NYSE:VSH) to post sales of $600.00 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Vishay Intertechnology’s earnings. Vishay Intertechnology posted sales of $628.33 million in the same quarter last year, which would indicate a negative year over year growth rate of 4.5%. The firm is expected to report its next earnings results on Tuesday, November 3rd.

On average, analysts expect that Vishay Intertechnology will report full year sales of $2.41 billion for the current financial year. For the next financial year, analysts forecast that the firm will report sales of $2.64 billion, with estimates ranging from $2.61 billion to $2.67 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Vishay Intertechnology.

Vishay Intertechnology (NYSE:VSH) last posted its quarterly earnings data on Tuesday, August 4th. The semiconductor company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.11. The firm had revenue of $581.70 million during the quarter, compared to analysts’ expectations of $563.40 million. Vishay Intertechnology had a net margin of 3.94% and a return on equity of 7.62%. The firm’s quarterly revenue was down 15.1% on a year-over-year basis. During the same quarter last year, the company posted $0.36 EPS.

VSH has been the subject of a number of research analyst reports. Loop Capital initiated coverage on shares of Vishay Intertechnology in a research report on Thursday, June 4th. They set a “hold” rating and a $17.00 price objective for the company. BofA Securities raised shares of Vishay Intertechnology from an “underperform” rating to a “neutral” rating and set a $19.00 price objective for the company in a research report on Wednesday, August 5th. Zacks Investment Research raised shares of Vishay Intertechnology from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Friday, August 7th. Finally, Bank of America upgraded shares of Vishay Intertechnology from an “underperform” rating to a “neutral” rating and set a $19.00 target price on the stock in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Vishay Intertechnology presently has a consensus rating of “Hold” and an average price target of $17.00.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Vishay Intertechnology by 5.7% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,800 shares of the semiconductor company’s stock valued at $623,000 after purchasing an additional 2,200 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Vishay Intertechnology by 5.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,249,508 shares of the semiconductor company’s stock valued at $19,081,000 after purchasing an additional 59,889 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Vishay Intertechnology in the 2nd quarter valued at $393,000. Handelsbanken Fonder AB acquired a new stake in shares of Vishay Intertechnology in the 2nd quarter valued at $342,000. Finally, Nuveen Asset Management LLC raised its holdings in shares of Vishay Intertechnology by 4.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 753,604 shares of the semiconductor company’s stock valued at $11,507,000 after purchasing an additional 29,833 shares in the last quarter. Institutional investors and hedge funds own 84.14% of the company’s stock.

Shares of NYSE:VSH traded up $0.78 during mid-day trading on Monday, reaching $15.89. 784,495 shares of the company were exchanged, compared to its average volume of 1,204,237. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.22 and a quick ratio of 2.33. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 23.72, a P/E/G ratio of 7.44 and a beta of 1.37. The firm’s 50-day simple moving average is $16.08 and its 200 day simple moving average is $15.48. Vishay Intertechnology has a 1 year low of $11.23 and a 1 year high of $23.25.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Friday, September 11th were issued a $0.095 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 2.39%. Vishay Intertechnology’s payout ratio is 30.16%.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc manufactures and supplies discrete semiconductors and passive components in the United States, Europe, and Asia. The Metal Oxide Semiconductor Field Effect Transistors (MOSFETs) segment offers low- and medium-voltage TrenchFET MOSFETs, high-voltage planar MOSFETs, high voltage super junction MOSFETs, power integrated circuits, and integrated function power devices.

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