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

Research analysts at JPMorgan Chase & Co. initiated coverage on shares of Vishay Intertechnology (NYSE:VSH) in a research note issued to investors on Monday, MarketBeat.com reports. The brokerage set a “neutral” rating and a $19.00 price target on the semiconductor company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 8.51% from the company’s previous close.

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

Vishay Intertechnology Trading Down 1.3 %

Vishay Intertechnology stock opened at $17.51 on Monday. Vishay Intertechnology has a 12 month low of $14.95 and a 12 month high of $24.68. The company has a quick ratio of 1.85, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. The stock has a market cap of $2.38 billion, a P/E ratio of 28.24 and a beta of 1.12. The company’s fifty day simple moving average is $17.57 and its 200-day simple moving average is $19.81.

Vishay Intertechnology (NYSE:VSH) last issued its 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 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 last year, the firm earned $0.60 EPS. The business’s revenue for the quarter was down 13.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Vishay Intertechnology will post 0.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. National Bank of Canada FI increased its position in Vishay Intertechnology by 3.4% during the second quarter. National Bank of Canada FI now owns 19,835 shares of the semiconductor company’s stock worth $432,000 after acquiring an additional 650 shares during the period. Natixis Advisors LLC grew its position in Vishay Intertechnology by 2.4% in the 2nd quarter. Natixis Advisors LLC now owns 45,403 shares of the semiconductor company’s stock worth $1,012,000 after purchasing an additional 1,057 shares during the last quarter. Cascade Investment Advisors Inc. increased its holdings in shares of Vishay Intertechnology by 2.2% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 60,450 shares of the semiconductor company’s stock worth $1,143,000 after purchasing an additional 1,300 shares during the period. Matrix Trust Co acquired a new position in shares of Vishay Intertechnology during the third quarter valued at about $25,000. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of Vishay Intertechnology by 7.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 26,412 shares of the semiconductor company’s stock valued at $589,000 after buying an additional 1,856 shares during the last quarter. Institutional investors and hedge funds own 93.66% of the company’s stock.

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.