Vishay Intertechnology, Inc. (NYSE:VSH) released its earnings results on Thursday, October 26th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.05, Bloomberg Earnings reports. Vishay Intertechnology had a net margin of 4.34% and a return on equity of 11.77%. The firm had revenue of $677.90 million during the quarter, compared to analyst estimates of $660.32 million. During the same quarter last year, the business earned $0.25 EPS. The business’s revenue was up 14.5% on a year-over-year basis.
Shares of Vishay Intertechnology (NYSE:VSH) opened at $21.45 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.33 and a quick ratio of 3.44. The stock has a market cap of $3,153.21, a PE ratio of 17.30, a P/E/G ratio of 0.74 and a beta of 1.19. Vishay Intertechnology has a 1-year low of $14.45 and a 1-year high of $22.55.
In related news, Director Abraham Ludomirski sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $21.79, for a total value of $435,800.00. Following the sale, the director now owns 86,232 shares of the company’s stock, valued at $1,878,995.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gerald Paul sold 50,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $21.37, for a total transaction of $1,068,500.00. Following the completion of the transaction, the chief executive officer now owns 162,986 shares in the company, valued at $3,483,010.82. The disclosure for this sale can be found here. 7.91% of the stock is currently owned by corporate insiders.
Vishay Intertechnology announced that its Board of Directors has initiated a share buyback plan on Wednesday, August 2nd that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the semiconductor company to buy up to 5.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
VSH has been the subject of several recent research reports. Citigroup Inc. boosted their price target on shares of Vishay Intertechnology from $16.00 to $19.00 and gave the company a “sell” rating in a report on Friday, October 27th. Stifel Nicolaus boosted their target price on shares of Vishay Intertechnology from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of Vishay Intertechnology from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a research note on Thursday, October 5th. Finally, BidaskClub cut shares of Vishay Intertechnology from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Vishay Intertechnology has an average rating of “Hold” and an average target price of $20.33.
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About Vishay Intertechnology
Vishay Intertechnology, Inc is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five product segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors and Capacitors. MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs.
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