Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Vishay Precision Group, Inc. (NYSE:VPG – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 7,507 shares of the scientific and technical instruments company’s stock, valued at approximately $1,125,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Roubaix Capital LLC purchased a new stake in shares of Vishay Precision Group in the first quarter valued at approximately $6,989,000. Assenagon Asset Management S.A. acquired a new stake in shares of Vishay Precision Group in the second quarter valued at approximately $2,720,000. Bastion Asset Management Inc. increased its position in Vishay Precision Group by 31.0% during the first quarter. Bastion Asset Management Inc. now owns 224,196 shares of the scientific and technical instruments company’s stock worth $9,813,000 after purchasing an additional 53,102 shares during the last quarter. Andar Capital Management HK Ltd acquired a new stake in shares of Vishay Precision Group during the 2nd quarter worth approximately $45,000,000. Finally, Sei Investments Co. increased its stake in Vishay Precision Group by 71.3% during the first quarter. Sei Investments Co. now owns 167,086 shares of the scientific and technical instruments company’s stock worth $7,255,000 after acquiring an additional 69,573 shares during the last quarter. Institutional investors and hedge funds own 87.61% of the company’s stock.
Analyst Ratings Changes
VPG has been the topic of a number of research analyst reports. Weiss Ratings downgraded shares of Vishay Precision Group from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday. Zacks Research downgraded Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Lake Street Capital raised their price objective on shares of Vishay Precision Group from $54.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Wall Street Zen lowered Vishay Precision Group from a “buy” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, B. Riley Financial decreased their price objective on shares of 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. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $82.33.
Vishay Precision Group Stock Up 7.2%
VPG stock opened at $66.75 on Friday. The company’s 50-day moving average price is $104.42 and its 200 day moving average price is $79.89. The company has a market cap of $889.11 million, a P/E ratio of 222.51, a P/E/G ratio of 5.64 and a beta of 1.46. The company has a current ratio of 4.15, a quick ratio of 2.72 and a debt-to-equity ratio of 0.05. Vishay Precision Group, Inc. has a 52 week low of $27.33 and a 52 week high of $151.78.
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 (EPS) 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 for the quarter, compared to analyst estimates of $87.44 million. On average, research analysts expect that Vishay Precision Group, Inc. will post 0.59 earnings per share 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.
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