VISHAY INTERTECHNOLOGY Reports Q1 FY2023 Earnings Results on May 10, 2023
June 26, 2023
🌥️Earnings Overview
On May 10 2023, VISHAY INTERTECHNOLOGY ($NYSE:VSH) reported their financial results for the first quarter of FY2023, which ended on March 31 2023. The company’s total revenue grew 2.0%, reaching USD 871.0 million compared to the same quarter of the previous year. Additionally, net income increased 7.9%, amounting to USD 111.8 million.
Share Price
On Wednesday, May 10, 2023, VISHAY INTERTECHNOLOGY reported its Q1 FY2023 financial earnings results. The stock opened at $23.0 and closed at $24.7, representing a surge of 16.8% from the previous closing price of $21.2. The company attributed this strong performance to its diversified portfolio of products, strategic acquisitions, and ongoing investments in research and development. Vishay Intertechnology also saw strong demand for its products from customers in the automotive and industrial sectors, as well as from its global operations. The company also reported that it will continue to focus on expanding its presence in North America, Europe, and Asia to support its growth initiatives.
Overall, investors were impressed with VISHAY INTERTECHNOLOGY’s Q1 FY2023 results, as the company demonstrated its commitment to delivering long-term value for shareholders. As a result, the stock was up 16.8% from the prior closing price and is expected to continue to rise in the coming weeks as investors continue to assess the company’s performance and growth prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Vishay Intertechnology. More…
| Total Revenues | Net Income | Net Margin |
| 3.51k | 437.02 | 12.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Vishay Intertechnology. More…
| Operations | Investing | Financing |
| 580.6 | -466.23 | -47.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Vishay Intertechnology. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.06k | 1.92k | 15.3 |
Key Ratios Snapshot
Some of the financial key ratios for Vishay Intertechnology are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.5% | 40.5% | 18.0% |
| FCF Margin | ROE | ROA |
| 7.0% | 18.9% | 9.7% |
Analysis
GoodWhale conducted an analysis of VISHAY INTERTECHNOLOGY‘s wellbeing and the results were positive. According to our Star Chart, VISHAY INTERTECHNOLOGY scored high in asset, dividend, growth, and profitability. The company had a high health score of 10/10, indicating its strong cashflows and debt with the ability to sustain future operations in times of crisis. We classified VISHAY INTERTECHNOLOGY as a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth through its strong competitive advantage. This type of company may be of interest to investors looking for strong returns over a longer period of time. With its strong financials, VISHAY INTERTECHNOLOGY may be a safe bet for those investors looking for long-term stability and growth. More…
Peers
In the electronic components industry, Vishay Intertechnology Inc is facing stiff competition from Diodes Inc, JALCO Holdings Co Ltd, and Restar Holdings Corp. All four companies are fighting for market share in this highly competitive industry. Vishay Intertechnology Inc has a strong market position and is a leading provider of electronic components. However, the company is facing challenges from its competitors.
– Diodes Inc ($NASDAQ:DIOD)
Diodes Inc is a leading manufacturer and supplier of semiconductor products used in a wide range of electronic devices. The company’s products are used in a variety of applications, including mobile phones, computers, automotive electronics, and industrial and consumer electronics. Diodes Inc has a market cap of 3.18B as of 2022, a Return on Equity of 22.49%. The company’s products are used in a variety of applications, including mobile phones, computers, automotive electronics, and industrial and consumer electronics.
– JALCO Holdings Co Ltd ($TSE:6625)
JALCO Holdings Co Ltd is a Japanese holding company that operates in the aviation, construction, and real estate industries. The company has a market cap of 17.24B as of 2022 and a return on equity of 9.39%. JALCO was founded in 1937 and is headquartered in Tokyo, Japan.
– Restar Holdings Corp ($TSE:3156)
Restar Holdings Corp is a holding company with a focus on acquiring and managing a portfolio of companies in the food and beverage industry. The company has a market cap of 59.54B as of 2022 and a Return on Equity of 7.97%. Restar Holdings Corp is a holding company that acquires and manages a portfolio of companies in the food and beverage industry. The company’s focus is on delivering shareholder value through a combination of organic growth and strategic acquisitions.
Summary
Vishay Intertechnology reported strong financial results for the first quarter of FY2023, with total revenue increasing by 2.0% to USD 871.0 million and net income rising by 7.9% to USD 111.8 million. As a result, the stock price saw an increase following the announcement. Investors may be encouraged by the company’s performance in the first quarter and consider investing in Vishay Intertechnology for the long-term.
The company’s strong operations and commitment to shareholders also make it an interesting investment opportunity. Investors should research thoroughly before investing, however, to gain a better understanding of the company’s financials and potential risks associated with the stock.
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