Tema ETFs LLC Grows Holdings in Vishay Precision Group, Inc. $VPG

Tema ETFs LLC boosted its position in shares of Vishay Precision Group, Inc. (NYSE:VPG) by 108,291.4% during the second quarter, Holdings Channel.com reports. The fund owned 264,475 shares of the scientific and technical instruments company’s stock after acquiring an additional 264,231 shares during the quarter. Vishay Precision Group accounts for 1.3% of Tema ETFs LLC’s investment portfolio, making the stock its 18th largest holding. Tema ETFs LLC’s holdings in Vishay Precision Group were worth $39,647,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in VPG. Russell Investments Group Ltd. boosted its position 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 worth $36,000 after purchasing an additional 992 shares during the period. Farther Finance Advisors LLC increased its stake 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 worth $39,000 after purchasing an additional 944 shares in the last quarter. Strs Ohio bought a new stake in shares of Vishay Precision Group during the 1st quarter valued at $39,000. Kestra Advisory Services LLC bought a new stake in shares of Vishay Precision Group during the 4th quarter valued at $51,000. Finally, Optiver Holding B.V. lifted its stake in shares of Vishay Precision Group by 1,195.3% during the 1st quarter. Optiver Holding B.V. now owns 1,373 shares of the scientific and technical instruments company’s stock valued at $60,000 after buying an additional 1,267 shares in the last quarter. Hedge funds and other institutional investors own 87.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Lake Street Capital upped their target price on shares of Vishay Precision Group from $54.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Zacks Research cut Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings upgraded Vishay Precision Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 4th. B. Riley Financial dropped their price objective on Vishay Precision Group from $109.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Wall Street Zen cut Vishay Precision Group from a “buy” rating to a “sell” rating in a research report on Saturday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.33.

Vishay Precision Group Price Performance

VPG stock opened at $67.27 on Wednesday. Vishay Precision Group, Inc. has a one year low of $26.19 and a one year high of $151.78. The company’s fifty day moving average price is $113.94 and its 200-day moving average price is $78.88. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.72 and a current ratio of 4.15. The company has a market capitalization of $894.70 million, a PE ratio of 224.24, a price-to-earnings-growth ratio of 5.50 and a beta of 1.46.

Vishay Precision Group (NYSE:VPG) last posted its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.15). The company had revenue of $83.94 million for the quarter, compared to analysts’ expectations of $87.44 million. Vishay Precision Group had a net margin of 1.20% and a return on equity of 1.77%. On average, equities analysts anticipate that Vishay Precision Group, Inc. will post 0.59 EPS for the current fiscal year.

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.