Vishay Precision Group (NYSE:VPG) Stock Rating Lowered by Zacks Research

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

Several other analysts have also commented on VPG. B. Riley Financial raised their target price on Vishay Precision Group from $63.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Lake Street Capital upped their price objective on Vishay Precision Group from $54.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. 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. Finally, Wall Street Zen raised shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.67.

Vishay Precision Group Price Performance

NYSE:VPG opened at $110.81 on Monday. The firm’s fifty day moving average is $117.89 and its two-hundred day moving average is $71.72. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 246.25, a PEG ratio of 5.42 and a beta of 1.43. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.97 and a current ratio of 4.47. Vishay Precision Group has a one year low of $25.58 and a one year high of $151.78.

Vishay Precision Group (NYSE:VPG) last released its quarterly earnings data on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter. The business 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%. Research analysts expect that Vishay Precision Group will post 0.97 EPS for the current year.

Institutional Trading of Vishay Precision Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Regent Peak Wealth Advisors LLC acquired a new position in shares of Vishay Precision Group during the 2nd quarter worth about $307,000. Tema ETFs LLC boosted its holdings in Vishay Precision Group by 108,291.4% in the 2nd quarter. Tema ETFs LLC now owns 264,475 shares of the scientific and technical instruments company’s stock worth $39,647,000 after buying an additional 264,231 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Vishay Precision Group in the 2nd quarter worth about $2,720,000. Optiver Holding B.V. increased its stake in 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 worth $60,000 after buying an additional 1,267 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its stake in Vishay Precision Group by 50.6% during the 1st quarter. Segall Bryant & Hamill LLC now owns 226,625 shares of the scientific and technical instruments company’s stock worth $9,840,000 after buying an additional 76,119 shares in the last quarter. Hedge funds and other institutional investors own 87.61% of the company’s stock.

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.