Vishay Intertech - VSH STOCK NEWS

Vishay Intertechnology (NYSE: VSH) is set to announce its second-quarter financial results for the period ending July 4, 2020, on August 4, 2020, before the market opens. A conference call to discuss these results will take place at 9:00 a.m. ET on the same day. Investors can join the call by dialing 877-589-6174. A replay will be available shortly after the call, lasting until August 11, 2020. Vishay is a leading manufacturer of semiconductors and passive electronic components, catering to diverse markets including automotive, medical, and telecommunications.

Vishay Intertechnology (NYSE: VSH) announced the launch of the SiZF300DT, a compact 30 V n-channel MOSFET half-bridge power stage measuring just 3.3 mm by 3.3 mm. This new integrated product enhances power density and efficiency for computing and telecom applications. Key features include an on-resistance of 4.5 mΩ (high side) and 1.84 mΩ (low side) at 10 V, along with 11% higher output current per current phase compared to competitors. Samples are available now, with production lead times of 12 weeks for large orders.

Vishay Intertechnology (NYSE: VSH) announced executive management changes effective July 1, 2020. Joel Smejkal has been appointed as Executive Vice President – Corporate Business Development, while Jeff Webster takes over Smejkal's previous role, focusing on passive components. Andreas Randebrock is now the Executive Vice President – Global Human Resources, succeeding Werner Gebhardt, who retired after 44 years. These changes aim to enhance growth strategies and improve business development at Vishay, a leader in semiconductors and passive components.

Vishay Intertechnology (NYSE: VSH) has launched the extended TNPU e3 series of Automotive Grade ultra precision thin film flat chip resistors, featuring lowered temperature coefficients down to ±2 ppm/K in sizes 0603, 0805, and 1206. These resistors promise long-term stability with maximum resistance change of ≤0.05% for 1,000 hours at rated power and are AEC-Q200 qualified. Their applications include operational amplifier circuits and various equipment in automotive, industrial, and medical sectors. Samples are available with lead times of 10 to 14 weeks.

Vishay Intertechnology, Inc. (NYSE:VSH) announced a dividend of $0.095 per share for common and Class B common stocks, payable on June 25, 2020, to shareholders of record as of June 12, 2020. Future dividends will require Board approval. Vishay is a leading manufacturer of discrete semiconductors and passive components, servicing multiple industries including automotive and telecommunications.

Vishay Intertechnology reported Q1 revenues of $613 million, slightly up from $610 million in Q4 2019 but down from $745 million in Q1 2019. The adjusted EPS was $0.21, compared to $0.51 a year prior. Despite challenges from COVID-19, the company achieved a book-to-bill ratio of 1.17 and reduced inventories by $63 million. Guidance for Q2 is set at $540-$580 million in revenue and 21.0% gross margins. CEO Dr. Gerald Paul highlighted uncertainties from the pandemic affecting the automotive sector, urging caution.

Vishay Intertechnology (NYSE: VSH) has expanded its MC AT precision series of Automotive Grade thin film chip resistors, now offering resistance values from 47 Ω to 10 MΩ in the 1206 case size. The new MCA 1206 AT features a TCR of ± 25 ppm/K and tight tolerances of ± 0.1%. It is designed for stable performance in harsh environments, making it suitable for automotive, industrial, medical, and telecommunications applications. The device operates with a voltage of 200 V and power rating of 400 mW. Samples and production quantities are available now.

Vishay Intertechnology (NYSE: VSH) will host its Annual Meeting of Stockholders virtually on May 19, 2020, starting at 2:00 PM EDT. This shift to an online format is due to COVID-19-related health and logistical challenges. Stockholders can participate via www.virtualshareholdermeeting.com/VSH2020, using their control number from proxy materials. Advance voting is encouraged through multiple channels. The meeting format was previously noted in definitive proxy materials filed on March 25, 2020.