Shares of Vishay Precision Group, Inc. (NYSE:VPG – Get Free Report) shot up 10.2% during mid-day trading on Thursday . The company traded as high as $137.51 and last traded at $134.6690. 75,974 shares were traded during mid-day trading, a decline of 80% from the average session volume of 377,923 shares. The stock had previously closed at $122.25.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on VPG. Zacks Research raised shares of Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Weiss Ratings cut shares of Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 28th. B. Riley Financial upped their target price on shares of Vishay Precision Group from $63.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Lake Street Capital upped their price target on shares of Vishay Precision Group from $54.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen upgraded shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.67.
Get Our Latest Report on Vishay Precision Group
Vishay Precision Group Stock Performance
Vishay Precision Group (NYSE:VPG – Get Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 EPS for the quarter. Vishay Precision Group had a net margin of 1.85% and a return on equity of 2.28%. The business had revenue of $84.35 million for the quarter, compared to analyst estimates of $77.08 million. Analysts anticipate that Vishay Precision Group, Inc. will post 0.97 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Vishay Precision Group by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 937,553 shares of the scientific and technical instruments company’s stock worth $30,049,000 after purchasing an additional 24,235 shares in the last quarter. Harvey Partners LLC grew its position in shares of Vishay Precision Group by 21.3% during the 3rd quarter. Harvey Partners LLC now owns 372,000 shares of the scientific and technical instruments company’s stock worth $11,923,000 after purchasing an additional 65,315 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Vishay Precision Group by 2.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 342,135 shares of the scientific and technical instruments company’s stock worth $9,614,000 after purchasing an additional 8,923 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of Vishay Precision Group by 120.7% during the 4th quarter. Handelsbanken Fonder AB now owns 311,377 shares of the scientific and technical instruments company’s stock worth $11,988,000 after purchasing an additional 170,307 shares in the last quarter. Finally, Tieton Capital Management LLC grew its position in shares of Vishay Precision Group by 0.5% during the 4th quarter. Tieton Capital Management LLC now owns 311,226 shares of the scientific and technical instruments company’s stock worth $11,982,000 after purchasing an additional 1,495 shares in the last quarter. Institutional investors and hedge funds own 87.61% of the company’s stock.
About Vishay Precision Group
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.
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