Vishay Precision Group (NYSE:VPG) Rating Lowered to Hold at Zacks Research

Vishay Precision Group (NYSE:VPG) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other analysts have also commented on VPG. Wall Street Zen raised Vishay Precision Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Lake Street Capital upped their target price on Vishay Precision Group from $54.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. B. Riley Financial increased their target price on Vishay Precision Group from $63.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings raised shares of Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 23rd. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.67.

Vishay Precision Group Price Performance

NYSE:VPG opened at $110.81 on Monday. Vishay Precision Group has a 52 week low of $25.58 and a 52 week high of $151.78. The company has a quick ratio of 2.97, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.47 billion, a PE ratio of 246.25, a price-to-earnings-growth ratio of 5.42 and a beta of 1.43. The stock’s 50-day moving average price is $117.89 and its 200-day moving average price is $71.72.

Vishay Precision Group (NYSE:VPG) last announced its quarterly earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter. The firm had revenue of $84.35 million during the quarter, compared to analyst estimates of $77.08 million. Vishay Precision Group had a return on equity of 2.28% and a net margin of 1.85%. As a group, equities analysts expect that Vishay Precision Group will post 0.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Strs Ohio acquired a new position in shares of Vishay Precision Group during the 1st quarter worth approximately $39,000. Farther Finance Advisors LLC increased its holdings in shares of Vishay Precision Group by 1,180.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company’s stock valued at $39,000 after purchasing an additional 944 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Vishay Precision Group by 826.7% in the third quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 992 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in Vishay Precision Group during the fourth quarter worth approximately $51,000. Finally, Optiver Holding B.V. boosted its stake in Vishay Precision Group by 1,195.3% during the first quarter. Optiver Holding B.V. now owns 1,373 shares of the scientific and technical instruments company’s stock worth $60,000 after buying an additional 1,267 shares during the last quarter. 87.61% of the stock is owned by hedge funds and other institutional investors.

Vishay Precision Group Company 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.