Wall Street Zen downgraded shares of Vishay Precision Group (NYSE:VPG – Free Report) from a buy rating to a sell rating in a research report released on Saturday.
Other equities analysts have also recently issued reports about the company. Weiss Ratings upgraded Vishay Precision Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 4th. Lake Street Capital raised their price target on Vishay Precision Group from $54.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Zacks Research downgraded Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, B. Riley Financial cut their price objective on Vishay Precision Group from $109.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Vishay Precision Group has a consensus rating of “Moderate Buy” and an average target price of $82.33.
Read Our Latest Research Report on Vishay Precision Group
Vishay Precision Group Stock Down 5.8%
Vishay Precision Group (NYSE:VPG – Get Free Report) last released its quarterly 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). Vishay Precision Group had a return on equity of 1.77% and a net margin of 1.20%.The firm had revenue of $83.94 million during the quarter, compared to the consensus estimate of $87.44 million. Analysts anticipate that Vishay Precision Group will post 0.59 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in VPG. Roubaix Capital LLC purchased a new position in shares of Vishay Precision Group during the 1st quarter worth approximately $6,989,000. Bastion Asset Management Inc. raised its position in shares of Vishay Precision Group by 31.0% in the 1st quarter. Bastion Asset Management Inc. now owns 224,196 shares of the scientific and technical instruments company’s stock worth $9,813,000 after acquiring an additional 53,102 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Vishay Precision Group by 71.3% in the 1st quarter. Sei Investments Co. now owns 167,086 shares of the scientific and technical instruments company’s stock valued at $7,255,000 after purchasing an additional 69,573 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Vishay Precision Group in the 1st quarter valued at approximately $691,000. Finally, Corsair Capital Management L.P. boosted its position in shares of Vishay Precision Group by 24.0% during the first quarter. Corsair Capital Management L.P. now owns 31,002 shares of the scientific and technical instruments company’s stock valued at $1,346,000 after purchasing an additional 6,000 shares in the last quarter. 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.
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