Vishay Precision Group, Inc. $VPG Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC cut its stake in shares of Vishay Precision Group, Inc. (NYSE:VPG) by 31.7% in the third quarter, Holdings Channel.com reports. The fund owned 49,782 shares of the scientific and technical instruments company’s stock after selling 23,121 shares during the period. Rice Hall James & Associates LLC’s holdings in Vishay Precision Group were worth $1,596,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in VPG. GAMMA Investing LLC lifted its holdings in shares of Vishay Precision Group by 2,638.2% in the 2nd quarter. GAMMA Investing LLC now owns 931 shares of the scientific and technical instruments company’s stock worth $26,000 after acquiring an additional 897 shares during the last quarter. State of Wyoming purchased a new stake in Vishay Precision Group in the second quarter valued at approximately $80,000. Moody National Bank Trust Division acquired a new position in Vishay Precision Group during the third quarter worth $225,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Vishay Precision Group during the second quarter worth $225,000. Finally, Sei Investments Co. purchased a new position in shares of Vishay Precision Group during the second quarter worth $218,000. 87.61% of the stock is owned by hedge funds and other institutional investors.

Vishay Precision Group Stock Up 0.5%

Shares of Vishay Precision Group stock opened at $39.65 on Friday. The company has a quick ratio of 2.71, a current ratio of 4.10 and a debt-to-equity ratio of 0.06. Vishay Precision Group, Inc. has a 52-week low of $18.57 and a 52-week high of $40.32. The company has a market capitalization of $526.61 million, a P/E ratio of 66.09, a P/E/G ratio of 2.90 and a beta of 0.86. The company has a 50 day moving average of $35.80 and a 200 day moving average of $31.51.

Vishay Precision Group (NYSE:VPG) last issued its earnings results on Tuesday, November 4th. The scientific and technical instruments company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. Vishay Precision Group had a net margin of 2.65% and a return on equity of 2.02%. The firm had revenue of $79.73 million during the quarter, compared to the consensus estimate of $76.63 million. As a group, research analysts forecast that Vishay Precision Group, Inc. will post 0.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on VPG shares. Lake Street Capital assumed coverage on Vishay Precision Group in a research note on Thursday, December 18th. They set a “buy” rating and a $44.00 target price on the stock. Zacks Research cut shares of Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Vishay Precision Group in a report on Monday, December 22nd. Wall Street Zen downgraded shares of Vishay Precision Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, Loop Capital set a $44.00 price target on shares of Vishay Precision Group in a research report on Thursday, December 18th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Vishay Precision Group presently has an average rating of “Moderate Buy” and a consensus target price of $38.83.

Vishay Precision Group Profile

Vishay Precision Group (NYSE: VPG) specializes in the design, manufacture and calibration of precision sensors, instrumentation and measurement systems used in a broad range of applications. Its product portfolio includes load cells, tension links, weighing modules, torque transducers, digital indicators and data acquisition systems. These solutions serve critical requirements for accuracy, reliability and repeatability in sectors such as industrial automation, test and measurement, medical devices, food and beverage processing, aerospace and defense.

The company traces its roots to the sensor and measurement division of Vishay Intertechnology, Inc, from which it was spun off as an independent public company in March 2016.