Vishay Intertechnology (NYSE:VSH – Get Free Report) announced its earnings results on Wednesday. The semiconductor company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.08, FiscalAI reports. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%. The company had revenue of $978.94 million for the quarter, compared to the consensus estimate of $965.40 million. During the same period last year, the business posted $0.04 EPS. The company’s revenue was up 23.8% on a year-over-year basis.
Here are the key takeaways from Vishay Intertechnology’s conference call:
- Vishay reported record third-quarter revenue of $979 million, up 24% year over year and above guidance. Gross margin rose to 25.5%, and EPS was $0.37.
- Bookings increased 15%, with a 1.29 book-to-bill and a $2.2 billion backlog (6.6 months). Management cited strong demand across industrial, AI, automotive, and aerospace and defense, alongside customer efforts to secure supply.
- For Q4, the company forecast revenue of $990 million, plus or minus $15 million, and gross margin of 26%, exceeding its previously stated year-end margin goal. Management said it expects sequential revenue growth despite holiday closures.
- Management said Vishay 3.0 initiatives are supporting market-share gains through expanded capacity, broader customer and product coverage, and competitive lead times. It is targeting nearly $200 million in AI revenue this year, versus about $100 million last year.
- Despite improved Q3 cash generation, Vishay expects full-year 2026 free cash flow to be close to break-even, citing capacity expansion spending and a planned reduction in its receivables securitization program. Some equipment spending has also shifted into 2027.
Vishay Intertechnology Price Performance
Shares of Vishay Intertechnology stock traded down $3.83 during mid-day trading on Thursday, reaching $22.01. 4,586,982 shares of the stock were exchanged, compared to its average volume of 4,349,466. The company has a current ratio of 1.80, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 115.76, a price-to-earnings-growth ratio of 3.21 and a beta of 1.90. Vishay Intertechnology has a fifty-two week low of $11.77 and a fifty-two week high of $69.47. The firm has a 50-day simple moving average of $31.10 and a 200 day simple moving average of $32.13.
Vishay Intertechnology Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Thursday, September 10th. Vishay Intertechnology’s payout ratio is currently 210.53%.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on VSH. Oppenheimer boosted their target price on shares of Vishay Intertechnology from $42.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, October 8th. Needham & Company LLC lowered their price objective on shares of Vishay Intertechnology from $45.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday. Weiss Ratings lowered Vishay Intertechnology from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 25th. Williams Trading set a $38.00 price objective on Vishay Intertechnology in a report on Thursday. Finally, Truist Financial started coverage on shares of Vishay Intertechnology in a research report on Thursday, September 3rd. They issued a “buy” rating and a $42.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Vishay Intertechnology currently has a consensus rating of “Moderate Buy” and an average target price of $35.86.
Insider Activity
In related news, Director Raanan Zilberman sold 16,575 shares of the firm’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $35.82, for a total value of $593,716.50. Following the transaction, the director owned 31,937 shares in the company, valued at $1,143,983.34. This trade represents a 34.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.35% of the stock is owned by corporate insiders.
Key Stories Impacting Vishay Intertechnology
Here are the key news stories impacting Vishay Intertechnology this week:
- Positive Sentiment: Vishay earned adjusted EPS of $0.37, above the $0.29 consensus and up from $0.04 a year earlier. Revenue was $978.9 million, topping estimates of $965.4 million and rising 23.8% year over year; the company also reported record quarterly revenue. These results and reported market-share gains could support investor optimism. Vishay third-quarter results Q3 market-share and distribution deep dive
- Neutral Sentiment: The company initiated its fiscal fourth-quarter sales outlook, but the provided reports do not include the specific guidance figures, making it difficult to assess whether the outlook exceeded expectations. Q3 earnings and Q4 outlook
- Negative Sentiment: Needham cut its price target to $38 from $45, although it maintained a Buy rating. Separately, Zacks Research downgraded VSH from Strong Buy to Hold. The target reduction and downgrade may temper the positive reaction to the earnings beat. Needham price-target update Zacks rating change
Vishay Intertechnology Company Profile
Vishay Intertechnology, Inc is a global manufacturer of electronic components used in industrial, automotive, computing, telecommunications, consumer electronics, aerospace and defense, and medical applications. The company’s portfolio includes passive components and semiconductor products that support power management, signal processing, sensing, connectivity and energy conversion.
Its products include resistors, capacitors, inductors, diodes, rectifiers, power MOSFETs, optoelectronic components, sensors, transducers and related power and circuit-protection devices.
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