Hsbc Holdings PLC Makes New $1.59 Million Investment in Vishay Precision Group, Inc. $VPG

Hsbc Holdings PLC purchased a new stake in shares of Vishay Precision Group, Inc. (NYSE:VPGFree Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 10,657 shares of the scientific and technical instruments company’s stock, valued at approximately $1,587,000. Hsbc Holdings PLC owned about 0.08% of Vishay Precision Group at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Legal & General Group Plc acquired a new stake in Vishay Precision Group in the second quarter valued at approximately $328,000. The Manufacturers Life Insurance Company bought a new position in shares of Vishay Precision Group during the 2nd quarter valued at $481,000. Algert Global LLC bought a new position in shares of Vishay Precision Group during the 2nd quarter valued at $3,808,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Vishay Precision Group in the 2nd quarter valued at $69,844,000. Finally, Tieton Capital Management LLC acquired a new stake in shares of Vishay Precision Group in the 2nd quarter valued at $347,000. Institutional investors own 87.61% of the company’s stock.

Vishay Precision Group Stock Down 0.3%

Vishay Precision Group stock opened at $62.39 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.15 and a quick ratio of 2.72. Vishay Precision Group, Inc. has a fifty-two week low of $27.54 and a fifty-two week high of $151.78. The firm has a fifty day moving average price of $96.86 and a two-hundred day moving average price of $80.47. The firm has a market cap of $831.03 million, a price-to-earnings ratio of 207.97, a P/E/G ratio of 5.30 and a beta of 1.47.

Vishay Precision Group (NYSE:VPGGet Free Report) last issued 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). The business had revenue of $83.94 million during the quarter, compared to analyst estimates of $87.44 million. Vishay Precision Group had a net margin of 1.20% and a return on equity of 1.77%. As a group, analysts forecast that Vishay Precision Group, Inc. will post 0.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VPG shares. Zacks Research downgraded shares of Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. B. Riley Financial reduced their price target on Vishay Precision Group from $109.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Lake Street Capital upped their price target on Vishay Precision Group from $54.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Wall Street Zen lowered Vishay Precision Group from a “buy” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Weiss Ratings downgraded Vishay Precision Group from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, August 18th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $82.33.

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Vishay Precision Group Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Vishay Precision Group (NYSE:VPG)

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