Vishay Intertechnology, Inc. VSH is leaving no stone unturned to expand its discrete offerings to bolster its presence in the booming semiconductor industry.
The unveiling of two short wavelength ultraviolet-emitting diodes in a ceramic and quartz-based package by the company is a testament to the same.
New diodes — VLMU35CR40-275-120 and VLMU35CR41-275-120 — are designed to offer DC forward current up to 300 mA, forward voltage down to 5.2 V, an emission angle of ± 60° and a high typical radiant power of 37 mW at 250 mA.
The devices provide a wavelength range between 265 nm and 280 nm, and a high sterilization efficiency. These are designed to replace low-pressure UVC mercury tubes in compact designs.
All the above-mentioned features make the new diodes ideal for sterilization devices required for earbuds, water bottles, refrigerators, air purifiers, medical instruments, coffee machines, ATMs and vacuum cleaners, to name a few.
The latest move is expected to boost the prospects of Vishay across the medical, industrial and consumer sectors.
This, in turn, is likely to aid Vishay in winning investors’ confidence in the days ahead.
Coming to the price performance, Vishay has lost 14.2% on a year-to-date basis compared with the industry’s decline of 4.1%
Vishay Intertechnology, Inc. Price and Consensus
Vishay Intertechnology, Inc. price-consensus-chart | Vishay Intertechnology, Inc. Quote
The latest move expands Vishay’s diode offerings, which have become an integral part of its discrete semiconductor business.
In second-quarter 2022, diodes generated revenues of $192 million (22% of the total revenues), up 14% from the year-ago quarter. Vishay’s strong momentum across the automotive and industrial markets with diodes remained a positive.
We believe that expanding offerings would continue to aid Vishay in expanding its presence in the global diodes market, which, per a report from Mordor Intelligence, is expected to witness a CAGR of 2.5% between 2020 and 2027.
Expanding Product Portfolio
The latest launch bodes well for Vishay’s strong efforts to enhance its products.
Apart from the latest move, Vishay recently unveiled two IHDM edge-wound, through-hole inductors in the 1107 case for commercial applications.
It introduced a series of surface-mount TRANSZORB bidirectional transient voltage suppressors for automotive, industrial and telecom applications.
VSH released a high-precision thin-film wraparound chip resistor named the Vishay Sfernice PEP. The chip resistor offers higher power ratings in smaller case sizes for miniaturization and minimizes the mechanical stress on solder joints.
Vishay introduced an AEC-Q200-qualified charging resistor, featuring the wire-wound technology in a standard package size.
We believe that these endeavors will continue to shape the company’s growth trajectory and sustain momentum in various end-markets that it serves.
Zacks Rank & Other Stocks to Consider
Currently, Vishay carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Teradata TDC and Monolithic Power Systems MPWR. While Arista Networks currently sports a Zacks Rank #1 (Strong Buy), Teradata and Monolithic Power Systems carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Arista Networks has lost 18.7% in the year-to-date period. The long-term earnings growth rate for ANET is currently projected at 18.6%.
Teradata has lost 27.4% in the year-to-date period. The long-term earnings growth rate for TDC is currently projected at 25%.
Monolithic Power Systems has lost 15.1% in the year-to-date period. The long-term earnings growth rate for MPWR is currently projected at 25%.
FREE Report: The Metaverse is Exploding! Don’t You Want to Cash In?
Rising gas prices. The war in Ukraine. America's recession. Inflation. It's no wonder why the metaverse is so popular and growing every day. Becoming Spider Man and fighting Darth Vader is infinitely more appealing than spending over $5 per gallon at the pump. And that appeal is why the metaverse can provide such massive gains for investors. But do you know where to look? Do you know which metaverse stocks to buy and which to avoid? In a new FREE report from Zacks' leading stock specialist, we reveal how you could profit from the internet’s next evolution. Even though the popularity of the metaverse is spreading like wildfire, investors like you can still get in on the ground floor and cash in. Don't miss your chance to get your piece of this innovative $30 trillion opportunity - FREE.>>Yes, I want to know the top metaverse stocks for 2022>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Teradata Corporation (TDC): Free Stock Analysis Report
Monolithic Power Systems, Inc. (MPWR): Free Stock Analysis Report
Vishay Intertechnology, Inc. (VSH): Free Stock Analysis Report
Arista Networks, Inc. (ANET): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.