Vishay Intertechnology's stock soared 7.07% during the night session, with the semiconductor manufacturer experiencing significant buying interest.

The rally was driven by multiple positive catalysts, starting with the company's better-than-expected first-quarter earnings. Vishay reported EPS of $0.05, beating market expectations of $0.03 by approximately 66.67%, while revenue of $839 million also exceeded consensus estimates. Additionally, Bank of America Securities raised its target price for the stock from $18 to $28, providing further confidence to investors.

Further contributing to the positive sentiment was the company's launch of a new automotive-grade optocoupler targeting the electric vehicle and solar inverter markets, which combines high isolation voltage ratings in a widebody SMD-8 package. The company also announced participation in the PCIM Europe exhibition to showcase power electronics solutions and maintained its quarterly dividend of $0.10 per share, supporting the sustained rebound in its stock price.