Andar Capital Management HK Ltd Makes New Investment in Vishay Precision Group, Inc. $VPG

Key Points

• Andar Capital Management HK Ltd acquired 6.75 million shares of Vishay Precision Group in the second quarter, worth approximately $45 million and representing about 50.72% of the company.
• VPG reported quarterly earnings of $0.04 per share, missing the $0.19 consensus estimate, while revenue of $83.94 million also fell short of the $87.44 million forecast.
• Analyst sentiment remains a “Moderate Buy,” with a consensus price target of $82.33, although recent ratings were mixed and included downgrades to “Hold” and “Sell.”

Andar Capital Management HK Ltd acquired a new stake in Vishay Precision Group, Inc. (NYSE:VPG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,745,950 shares of the scientific and technical instruments company's stock, valued at approximately $45,000,000. Vishay Precision Group accounts for about 0.1% of Andar Capital Management HK Ltd's investment portfolio, making the stock its 11th biggest position. Andar Capital Management HK Ltd owned approximately 50.72% of Vishay Precision Group as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of VPG. Strs Ohio bought a new stake in shares of Vishay Precision Group during the first quarter worth approximately $39,000. Farther Finance Advisors LLC increased its stake in shares of Vishay Precision Group by 1,180.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company's stock worth $39,000 after purchasing an additional 944 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Vishay Precision Group by 826.7% during the third quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company's stock worth $36,000 after purchasing an additional 992 shares during the period. Kestra Advisory Services LLC acquired a new stake in Vishay Precision Group during the 4th quarter worth approximately $51,000. Finally, Optiver Holding B.V. boosted its stake in Vishay Precision Group by 1,195.3% in the 1st quarter. Optiver Holding B.V. now owns 1,373 shares of the scientific and technical instruments company's stock valued at $60,000 after purchasing an additional 1,267 shares during the period. Institutional investors and hedge funds own 87.61% of the company's stock.

Vishay Precision Group Trading Up 6.7%

Shares of Vishay Precision Group stock opened at $72.72 on Friday. The company has a market capitalization of $967.20 million, a price-to-earnings ratio of 242.41, a PEG ratio of 6.16 and a beta of 1.46. The company has a quick ratio of 2.72, a current ratio of 4.15 and a debt-to-equity ratio of 0.05. Vishay Precision Group, Inc. has a 12-month low of $26.74 and a 12-month high of $151.78. The firm's 50-day moving average price is $110.65 and its two-hundred day moving average price is $79.16.

Vishay Precision Group (NYSE:VPG - Get Free Report) last released its 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). The business had revenue of $83.94 million for the quarter, compared to the consensus estimate of $87.44 million. Vishay Precision Group had a return on equity of 1.77% and a net margin of 1.20%. On average, analysts forecast that Vishay Precision Group, Inc. will post 0.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VPG has been the topic of a number of research reports. Wall Street Zen lowered Vishay Precision Group from a "buy" rating to a "sell" rating in a report on Saturday, August 8th. Lake Street Capital lifted their target price on Vishay Precision Group from $54.00 to $98.00 and gave the stock a "buy" rating in a report on Wednesday, May 13th. Weiss Ratings raised shares of Vishay Precision Group from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 4th. Zacks Research downgraded shares of Vishay Precision Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 13th. Finally, B. Riley Financial lowered their price target on shares of Vishay Precision Group from $109.00 to $105.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Vishay Precision Group presently has an average rating of "Moderate Buy" and a consensus price target of $82.33.

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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