Vishay Intertechnology (NYSE:VSH) Coverage Initiated by Analysts at JPMorgan Chase & Co.

Equities researchers at JPMorgan Chase & Co. initiated coverage on shares of Vishay Intertechnology (NYSE:VSH) in a report issued on Monday,Briefing.com Automated Import reports. The brokerage set a “neutral” rating and a $19.00 price target on the semiconductor company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 6.68% from the stock’s current price.

Separately, StockNews.com upgraded Vishay Intertechnology from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th.

Vishay Intertechnology Price Performance

Vishay Intertechnology stock opened at $17.81 on Monday. The stock has a market cap of $2.42 billion, a P/E ratio of 28.73 and a beta of 1.12. The company has a current ratio of 2.81, a quick ratio of 1.85 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average price of $17.57 and a 200 day moving average price of $19.90. Vishay Intertechnology has a 12-month low of $14.95 and a 12-month high of $24.72.

Vishay Intertechnology (NYSE:VSH) last released its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). Vishay Intertechnology had a return on equity of 5.35% and a net margin of 2.88%. The firm had revenue of $735.35 million for the quarter, compared to analyst estimates of $748.84 million. During the same quarter last year, the company earned $0.60 earnings per share. The firm’s revenue for the quarter was down 13.9% on a year-over-year basis. Sell-side analysts anticipate that Vishay Intertechnology will post 0.55 earnings per share for the current year.

Institutional Investors Weigh In On Vishay Intertechnology

Hedge funds have recently modified their holdings of the stock. Matrix Trust Co purchased a new position in Vishay Intertechnology during the third quarter valued at approximately $25,000. nVerses Capital LLC purchased a new stake in shares of Vishay Intertechnology during the 2nd quarter worth about $45,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Vishay Intertechnology by 11,136.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,135 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 2,116 shares in the last quarter. Adirondack Trust Co. raised its holdings in shares of Vishay Intertechnology by 71.4% during the 3rd quarter. Adirondack Trust Co. now owns 4,800 shares of the semiconductor company’s stock valued at $91,000 after purchasing an additional 2,000 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in Vishay Intertechnology during the third quarter worth $101,000. 93.66% of the stock is owned by hedge funds and other institutional investors.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.