Vishay Precision Group (NYSE:VPG) Announces Quarterly Earnings Results

Vishay Precision Group (NYSE:VPG) posted its quarterly earnings data on Tuesday. The scientific and technical instruments company reported $0.07 EPS for the quarter, FiscalAI reports. The company had revenue of $84.35 million during the quarter, compared to analyst estimates of $77.08 million. Vishay Precision Group had a net margin of 1.72% and a return on equity of 2.16%.

Here are the key takeaways from Vishay Precision Group’s conference call:

• Q1 performance was strong, with revenue up 18% year over year to $84.4 million and bookings up 26% sequentially to $102.1 million, producing the company’s best book-to-bill since 2022.
• Sensor demand surged on AI-related applications, with bookings reaching a 15-quarter high and backlog at its highest level since Q1 2023, supported by semiconductor equipment, data centers, fiber optics, defense, and early humanoid robotics demand.
• VPG introduced a new three-year operating model targeting 8%-10% annual organic revenue growth, gross margin of 46.5%, and EBITDA margin of 18.5%-20.5%, while also planning more than $20 million of cost reductions and efficiency gains.
• Profitability remained modest in Q1, with adjusted operating margin at 1.9% and adjusted EBITDA margin at 7%, while adjusted free cash flow was negative due to higher working capital needs to support growth.
• Management stayed upbeat on humanoid robotics, saying Q1 revenue was about $600,000 and could more than double in Q2, while also raising its internal 2026 projection as customer production ramps appear increasingly likely in the second half of the year.

Vishay Precision Group Stock Up 10.8%

VPG stock traded up $9.26 during midday trading on Wednesday, reaching $94.83. The company had a trading volume of 176,116 shares, compared to its average volume of 299,053. The company has a 50 day moving average of $50.22 and a two-hundred day moving average of $43.93. The company has a market capitalization of $1.26 billion, a P/E ratio of 237.00, a PEG ratio of 4.38 and a beta of 1.13. Vishay Precision Group has a 1 year low of $24.89 and a 1 year high of $100.24. The company has a current ratio of 4.47, a quick ratio of 2.97 and a debt-to-equity ratio of 0.06.

Analyst Ratings Changes

Several brokerages recently commented on VPG. Lake Street Capital restated a “buy” rating on shares of Vishay Precision Group in a research report on Wednesday. Zacks Research raised shares of Vishay Precision Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings lowered Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. Wall Street Zen cut Vishay Precision Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Vishay Precision Group in a report on Wednesday. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $53.67.

Institutional Trading of Vishay Precision Group

Several hedge funds and other institutional investors have recently modified their holdings of VPG. Invesco Ltd. lifted its holdings in shares of Vishay Precision Group by 11.7% during the 2nd quarter. Invesco Ltd. now owns 26,353 shares of the scientific and technical instruments company’s stock valued at $741,000 after buying an additional 2,763 shares during the last quarter. First Trust Advisors LP grew its stake in Vishay Precision Group by 4.3% in the 2nd quarter. First Trust Advisors LP now owns 39,578 shares of the scientific and technical instruments company’s stock valued at $1,112,000 after buying an additional 1,615 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Vishay Precision Group in the second quarter worth about $338,000. Sei Investments Co. bought a new position in Vishay Precision Group in the 2nd quarter worth approximately $218,000. Finally, Quantinno Capital Management LP raised its stake in Vishay Precision Group by 56.4% during the 2nd quarter. Quantinno Capital Management LP now owns 31,389 shares of the scientific and technical instruments company’s stock valued at $882,000 after purchasing an additional 11,324 shares during the last quarter. 87.61% of the stock is currently 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.