Vishay Intertechnology (NYSE:VSH) Now Covered by Analysts at JPMorgan Chase & Co.

Equities researchers at JPMorgan Chase & Co. began coverage on shares of Vishay Intertechnology (NYSE:VSH) in a report issued on Monday,Briefing.com Automated Import reports. The firm set a “neutral” rating and a $19.00 price target on the semiconductor company’s stock. JPMorgan Chase & Co.‘s target price suggests 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 note on Thursday, December 5th.

Vishay Intertechnology Stock Up 1.2 %

VSH stock opened at $17.81 on Monday. The stock’s 50 day moving average is $17.57 and its 200-day moving average is $19.90. Vishay Intertechnology has a twelve month low of $14.95 and a twelve month high of $24.72. The firm has a market capitalization of $2.42 billion, a PE ratio of 28.73 and a beta of 1.12. The company has a quick ratio of 1.85, a current ratio of 2.81 and a debt-to-equity ratio of 0.38.

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

Hedge Funds Weigh In On Vishay Intertechnology

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

About Vishay Intertechnology

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.