Vishay Intertechnology (NYSE:VSH) Announces Quarterly Earnings Results

Vishay Intertechnology (NYSE:VSH) released its earnings results on Wednesday. The semiconductor company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01, Briefing.com reports. The business had revenue of $741.20 million during the quarter, compared to the consensus estimate of $754.71 million. Vishay Intertechnology had a return on equity of 11.95% and a net margin of 7.41%. The business’s revenue for the quarter was down 16.9% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. Vishay Intertechnology updated its Q3 2024 guidance to EPS.

Vishay Intertechnology Stock Performance

Shares of VSH traded down $0.02 during trading hours on Friday, reaching $20.15. 2,237,953 shares of the company traded hands, compared to its average volume of 1,199,298. The stock has a market capitalization of $2.77 billion, a P/E ratio of 11.58 and a beta of 1.12. The company has a quick ratio of 2.08, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The business has a fifty day moving average price of $22.71 and a 200-day moving average price of $22.51. Vishay Intertechnology has a 12-month low of $19.64 and a 12-month high of $27.81.

Vishay Intertechnology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Thursday, June 13th. Vishay Intertechnology’s dividend payout ratio is presently 22.99%.

Analyst Ratings Changes

Separately, TD Cowen lowered their price target on shares of Vishay Intertechnology from $24.00 to $22.00 and set a “hold” rating for the company in a research report on Thursday.

Vishay Intertechnology Company Profile

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.