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

JPMorgan Chase & Co. began coverage on shares of Vishay Intertechnology (NYSE:VSH) in a note issued to investors on Monday, Marketbeat 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 would suggest a potential upside of 8.51% 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 Down 1.3 %

VSH opened at $17.51 on Monday. Vishay Intertechnology has a fifty-two week low of $14.95 and a fifty-two week high of $24.68. The company has a market capitalization of $2.38 billion, a P/E ratio of 28.24 and a beta of 1.12. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 1.85. The firm’s fifty day moving average price is $17.57 and its two-hundred day moving average price is $19.81.

Vishay Intertechnology (NYSE:VSH) last issued its earnings results on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share 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 business had revenue of $735.35 million for the quarter, compared to analyst estimates of $748.84 million. During the same quarter last year, the firm posted $0.60 earnings per share. Vishay Intertechnology’s revenue was down 13.9% on a year-over-year basis. On average, analysts anticipate that Vishay Intertechnology will post 0.55 EPS for the current year.

Institutional Trading of Vishay Intertechnology

Several large investors have recently added to or reduced their stakes in VSH. Everhart Financial Group Inc. grew its holdings in shares of Vishay Intertechnology by 18.4% during the second quarter. Everhart Financial Group Inc. now owns 13,757 shares of the semiconductor company’s stock worth $307,000 after purchasing an additional 2,140 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Vishay Intertechnology by 11.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,647,693 shares of the semiconductor company’s stock worth $36,744,000 after acquiring an additional 174,149 shares during the last quarter. Legato Capital Management LLC increased its position in Vishay Intertechnology by 30.7% in the 2nd quarter. Legato Capital Management LLC now owns 23,651 shares of the semiconductor company’s stock valued at $527,000 after acquiring an additional 5,560 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Vishay Intertechnology in the second quarter worth about $111,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Vishay Intertechnology during the second quarter worth approximately $542,000. 93.66% of the stock is owned by 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.