Vishay Intertechnology (NYSE:VSH) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Vishay Intertechnology (NYSE:VSH) released its quarterly earnings data on Wednesday. The semiconductor company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04, FiscalAI reports. Vishay Intertechnology had a return on equity of 1.84% and a net margin of 0.86%.The firm had revenue of $918.58 million during the quarter, compared to analyst estimates of $897.03 million. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. The business’s quarterly revenue was up 16.6% compared to the same quarter last year.

Here are the key takeaways from Vishay Intertechnology’s conference call:

• Strong Q2 performance: Adjusted revenue rose 9.5% sequentially and 21% year over year to $919 million, exceeding guidance, while book-to-bill reached 1.32 and backlog increased 18% to $1.9 billion.
• Demand is broadening across industrial, AI, automotive, aerospace and defense, healthcare, and communications, with rising customer counts, market-share gains, and increasing demand for Western supply. AI-related orders and aerospace-defense programs are driving particularly strong bookings.
• Profitability improved as higher volumes, pricing, channel management, and cost initiatives lifted adjusted gross margin to 22.6% and adjusted operating margin to 5.8%; Vishay now expects to reach its 24% quarterly gross-margin goal in Q3, ahead of schedule.
• The company raised its Q3 outlook to $945 million–$975 million of revenue and expects continued capacity expansion, including foundry support for AI products, polymer capacitor investments, and progress toward production at its German 12-inch fab in mid-2027.
• Vishay expects negative free cash flow in 2026 because of heavy capacity-expansion spending, while its recent $830 million equity offering increased the share count and diluted existing shareholders; the company also continues to face elevated tax rates and rising metals, materials, and logistics costs.

Vishay Intertechnology Stock Up 7.1%

Shares of NYSE VSH traded up $2.31 on Friday, reaching $35.09. 1,986,667 shares of the company’s stock traded hands, compared to its average volume of 4,633,909. The business’s 50 day simple moving average is $48.54 and its two-hundred day simple moving average is $32.65. Vishay Intertechnology has a 12 month low of $11.77 and a 12 month high of $69.47. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 184.68 and a beta of 1.81. The company has a quick ratio of 1.53, a current ratio of 1.80 and a debt-to-equity ratio of 0.08.

Vishay Intertechnology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 18th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, June 18th. Vishay Intertechnology’s dividend payout ratio is 4,000.00%.

Institutional Investors Weigh In On Vishay Intertechnology

Institutional investors have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. bought a new position in shares of Vishay Intertechnology during the fourth quarter valued at $25,009,000. Woodline Partners LP increased its holdings in Vishay Intertechnology by 25.3% in the 3rd quarter. Woodline Partners LP now owns 6,813,765 shares of the semiconductor company’s stock worth $104,251,000 after buying an additional 1,377,356 shares in the last quarter. Jain Global LLC raised its position in Vishay Intertechnology by 841.5% in the 4th quarter. Jain Global LLC now owns 910,143 shares of the semiconductor company’s stock worth $13,188,000 after buying an additional 813,472 shares during the last quarter. Two Sigma Investments LP lifted its stake in Vishay Intertechnology by 1,440.5% during the 3rd quarter. Two Sigma Investments LP now owns 844,508 shares of the semiconductor company’s stock valued at $12,921,000 after acquiring an additional 789,686 shares during the period. Finally, Alyeska Investment Group L.P. boosted its holdings in shares of Vishay Intertechnology by 112.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,065,713 shares of the semiconductor company’s stock valued at $15,442,000 after acquiring an additional 564,269 shares during the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VSH. Raymond James Financial initiated coverage on Vishay Intertechnology in a report on Tuesday. They set an “outperform” rating and a $40.00 price target on the stock. Bank of America upped their target price on Vishay Intertechnology from $18.00 to $28.00 and gave the company an “underperform” rating in a report on Thursday, May 14th. Needham & Company LLC started coverage on Vishay Intertechnology in a research note on Tuesday. They issued a “buy” rating and a $45.00 price target for the company. Weiss Ratings raised shares of Vishay Intertechnology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Finally, Zacks Research lowered shares of Vishay Intertechnology from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Vishay Intertechnology presently has a consensus rating of “Hold” and an average price target of $33.25.

About Vishay Intertechnology

Vishay Intertechnology, Inc is a global manufacturer of discrete semiconductors and passive electronic components, serving a wide range of industries including industrial, automotive, computing, consumer electronics, telecommunications, medical, and military/aerospace markets. The company’s portfolio encompasses resistors, capacitors, inductors, sensors, diodes, rectifiers, MOSFETs and a variety of integrated circuit solutions. Vishay’s components are used in power management, signal conditioning, circuit protection and sensing applications, supporting both standard and custom designs for original equipment manufacturers worldwide.

Originally founded in 1962 by Dr.