MALVERN, Pa. - Vishay Intertechnology, Inc. (NYSE:VSH) has announced the release of four new Automotive Grade rectifiers as part of its Gen 7 platform of 1200 V FRED Pt® Hyperfast rectifiers. The newly launched devices, optimized for industrial and automotive applications, aim to enhance efficiency by reducing switching losses.
The rectifiers, including the VS-E7FX0112-M3 and VS-E7FX0212-M3, along with their AEC-Q101 qualified counterparts, the VS-E7FX0112HM3 and VS-E7FX0212HM3, are designed to provide a favorable balance between reverse recovery charge (Qrr) and forward voltage drop (VF (NYSE:VFC)). They feature low junction capacitance and swift recovery times, positioning them as suitable for demanding applications.
These rectifiers combine fast recovery times as low as 45 ns with Qrr down to 105 nC typical, a forward voltage drop down to 1.45 V, and junction capacitance down to 3.0 pF. The compact devices measure 4.2 mm by 1.4 mm with a low 1.08 mm profile, offering a non-repetitive peak surge current up to 21 A.
Intended applications for the new rectifiers include industrial drives, on-board chargers and motors for electric vehicles (EVs), energy generation and storage systems, and industrial LED SEPIC circuitry. The devices feature a planar structure and platinum doped lifetime control, which are said to ensure system reliability and robustness without compromising performance. Their optimized stored charge and low recovery current are designed to minimize switching losses and reduce power dissipation.
The rectifiers are RoHS-compliant, halogen-free, and capable of high temperature operation up to +175 °C. Samples and production quantities of the new Gen 7 rectifiers are currently available, with an eight-week lead time.
Vishay Intertechnology, a Fortune 1,000 company, manufactures a vast portfolio of discrete semiconductors and passive electronic components, serving the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets globally. This release is based on a press release statement from Vishay Intertechnology, Inc.
In other recent news, Vishay Intertechnology has announced its intention to acquire Birkelbach Kondensatortechnik GmbH, a German manufacturer of metalized technical films, for approximately $18.5 million. This strategic move aims to secure a steady supply of essential materials for the production of high voltage high power film capacitors. On the financial front, the company reported steady Q2 2024 revenues of $741.2 million, maintaining a gross margin of 22.0%. Analyst firms Stifel and TD Cowen have kept their ratings on Vishay's shares, with Stifel maintaining a Buy rating and TD Cowen holding a rating but lowering the price target.
In line with its "Vishay 3.0" growth strategy, the company is also undergoing a major restructuring plan, which includes the closure of three manufacturing facilities and workforce reductions. Moreover, Vishay has announced plans for capacity expansion investments of $2.6 billion from 2023 to 2028, targeting a 12% increase in MOSFET capacity by 2025 and a 5.5% increase in semiconductor products by 2024.
Among other recent developments, Vishay has expanded its IHPT series of haptic actuators for various automotive and commercial applications and acquired Ametherm to improve its position in the electric vehicle and battery management system markets. It is important to note that these are ongoing transformation efforts, reflecting the company's commitment to operational efficiency and long-term growth.
InvestingPro Insights
As Vishay Intertechnology (NYSE:VSH) unveils its new line of Automotive Grade rectifiers, it's worth examining the company's financial health and market position. According to InvestingPro data, Vishay's market capitalization stands at $2.49 billion, reflecting its significant presence in the semiconductor industry.
Despite the company's innovative product launches, InvestingPro Tips indicate that analysts anticipate a sales decline in the current year, with net income expected to drop as well. This forecast aligns with the company's recent financial performance, as revenue growth in the last twelve months ending Q2 2024 was -11.76%, with an even steeper quarterly decline of -16.91%.
However, it's important to note that Vishay remains profitable, with a P/E ratio of 14.52 and an adjusted P/E ratio of 13.38 for the last twelve months. The company's profitability is further underscored by its gross profit margin of 24.68% and operating income margin of 8.46% over the same period.
Investors should also consider that Vishay has maintained dividend payments for 11 consecutive years, demonstrating a commitment to shareholder returns even in challenging market conditions. The current dividend yield stands at 2.35%, which may be attractive to income-focused investors.
While the stock has taken a significant hit over the last six months, with a price total return of -25.47%, the company's liquid assets exceed short-term obligations, suggesting financial stability. This could provide Vishay with the flexibility to continue investing in product development and navigate potential market headwinds.
For those interested in a deeper analysis, InvestingPro offers additional tips and insights beyond what's presented here. In fact, there are 8 more InvestingPro Tips available for Vishay Intertechnology, providing a more comprehensive view of the company's prospects and challenges.
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