What Happened:
Shares of semiconductor manufacturer Vishay Intertechnology (NYSE:VSH) jumped 8.7% in the pre-market session after the company reported first quarter revenue, gross margin, adjusted EBITDA, and earnings per share (EPS) that surpassed analysts' estimates. Revenue and gross margin guidance for the next quarter came in above Consensus, adding to the positivity around the quarter. Against the backdrop of the macro headwinds impacting the tech industry, the company's performance was strong.
What is the market telling us:
Vishay Intertechnology's shares are not very volatile than the market average and over the last year have had only 4 moves greater than 5%. In context of that, today's move is indicating the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.
Vishay Intertechnology is up 12% since the beginning of the year, and at $24.01 per share it is trading close to its 52-week high of $24.28 from February 2023. Investors who bought $1,000 worth of Vishay Intertechnology's shares 5 years ago would now be looking at an investment worth $1,140.
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