Zacks: Brokerages Expect Vishay Intertechnology (VSH) Will Post Quarterly Sales of $777.65 Million

Brokerages expect Vishay Intertechnology (NYSE:VSH) to report sales of $777.65 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Vishay Intertechnology’s earnings, with estimates ranging from $775.00 million to $780.30 million. Vishay Intertechnology posted sales of $677.88 million during the same quarter last year, which suggests a positive year-over-year growth rate of 14.7%. The company is scheduled to report its next earnings report before the market opens on Tuesday, October 30th.

On average, analysts expect that Vishay Intertechnology will report full-year sales of $3.03 billion for the current fiscal year, with estimates ranging from $3.02 billion to $3.04 billion. For the next financial year, analysts expect that the company will post sales of $3.32 billion, with estimates ranging from $3.25 billion to $3.39 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Vishay Intertechnology.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings data on Tuesday, August 7th. The semiconductor company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.06. Vishay Intertechnology had a return on equity of 18.51% and a net margin of 1.84%. The company had revenue of $761.03 million during the quarter, compared to analyst estimates of $767.55 million.

Several analysts recently commented on the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $24.00 price objective on shares of Vishay Intertechnology in a report on Wednesday, August 8th. Zacks Investment Research lowered Vishay Intertechnology from a “strong-buy” rating to a “hold” rating and set a $22.00 price objective for the company. in a report on Saturday, October 13th. ValuEngine lowered Vishay Intertechnology from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Finally, Citigroup lifted their price objective on Vishay Intertechnology from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $25.00.

In other Vishay Intertechnology news, Director Thomas C. Wertheimer sold 10,000 shares of the business’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $20.88, for a total transaction of $208,800.00. Following the completion of the sale, the director now owns 51,137 shares of the company’s stock, valued at $1,067,740.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.91% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Arizona State Retirement System grew its holdings in Vishay Intertechnology by 2.7% during the second quarter. Arizona State Retirement System now owns 91,727 shares of the semiconductor company’s stock valued at $2,128,000 after purchasing an additional 2,417 shares during the period. Xact Kapitalforvaltning AB grew its holdings in Vishay Intertechnology by 14.8% during the second quarter. Xact Kapitalforvaltning AB now owns 19,397 shares of the semiconductor company’s stock valued at $450,000 after purchasing an additional 2,500 shares during the period. ARP Americas LP grew its holdings in Vishay Intertechnology by 28.0% during the second quarter. ARP Americas LP now owns 12,800 shares of the semiconductor company’s stock valued at $297,000 after purchasing an additional 2,800 shares during the period. Mutual of America Capital Management LLC grew its holdings in Vishay Intertechnology by 2.8% during the second quarter. Mutual of America Capital Management LLC now owns 117,599 shares of the semiconductor company’s stock valued at $2,728,000 after purchasing an additional 3,167 shares during the period. Finally, Sei Investments Co. grew its holdings in Vishay Intertechnology by 2.4% during the first quarter. Sei Investments Co. now owns 216,273 shares of the semiconductor company’s stock valued at $4,022,000 after purchasing an additional 4,977 shares during the period. 97.18% of the stock is owned by institutional investors and hedge funds.

Shares of VSH traded down $0.36 during trading hours on Friday, hitting $17.86. The stock had a trading volume of 1,145,700 shares, compared to its average volume of 1,793,951. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.89 and a quick ratio of 3.02. Vishay Intertechnology has a 12 month low of $17.15 and a 12 month high of $26.50. The firm has a market capitalization of $2.70 billion, a P/E ratio of 12.51, a PEG ratio of 1.02 and a beta of 1.24.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 27th. Shareholders of record on Friday, September 14th were issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 1.90%. The ex-dividend date was Thursday, September 13th. Vishay Intertechnology’s dividend payout ratio is presently 23.78%.

About Vishay Intertechnology

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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