Vishay Intertechnology Inc . (NYSE:VSH) stock has reached a 52-week low, trading at $17.5, marking a significant downturn for the company within the last year. This latest price level reflects a stark contrast to the stock's performance over the past year, with Vishay Intertechnology experiencing a 1-year change of -29.81%. Investors are closely monitoring the stock as it navigates through this trough, considering the broader implications it may have on the semiconductor industry and the company's financial health moving forward.
In other recent news, Vishay Intertechnology reported Q2 2024 earnings with revenues of $741.2 million, virtually unchanged from the previous quarter, and a gross margin of 22.0%. For Q3 2024, Vishay anticipates revenues between $725 million and $765 million, with a predicted gross margin of 21.0%. The company has also declared a dividend of $0.10 per share for both common stock and Class B common stock. TD Cowen maintained a Hold rating on Vishay's shares but reduced the price target from $24.00 to $22.00 due to the company's less than expected performance.
In addition to financial news, Vishay announced the expansion of its IHPT series of haptic actuators, designed to provide high-definition tactile feedback for various human-machine interfaces. The company also plans for capacity expansion with investments of $2.6 billion from 2023 to 2028, aiming to increase MOSFET capacity by 12% in 2025 and semiconductor products by 5.5% in 2024. Lastly, Vishay broadened its market presence by acquiring Ametherm, expected to enhance its standing in the electric vehicle and battery management system markets. These are some of the recent developments for Vishay Intertechnology.
InvestingPro Insights
In light of Vishay Intertechnology Inc.'s (VSH) recent stock performance, InvestingPro provides some key insights that could be valuable for investors. With the stock trading near its 52-week low, the InvestingPro Tips suggest the Relative Strength Index (RSI) points to the stock being in oversold territory, which might interest contrarian investors or those looking for potential turnaround candidates. Additionally, it's worth noting that despite analysts expecting a sales decline and a drop in net income this year, the company has consistently maintained dividend payments for 11 consecutive years, which could appeal to income-focused investors.
The InvestingPro Data also reveals a mixed financial picture. The company's market capitalization stands at $2.4 billion, with a price-to-earnings (P/E) ratio of 14.16, adjusted to 13.07 for the last twelve months as of Q2 2024. This could indicate that the stock is reasonably valued in the context of its earnings. However, the revenue growth has declined by 11.76% over the last twelve months, reflecting the challenges faced in the current year. Despite the revenue downturn, the company's gross profit margin remains solid at 24.68%, and its liquid assets exceed short-term obligations, suggesting financial stability.
For those interested in further analysis and additional InvestingPro Tips, there are 10 more tips available for Vishay Intertechnology on the InvestingPro platform. These insights could provide a more comprehensive understanding of the company's stock performance and future outlook.
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