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

Andar Capital Management HK Ltd acquired a new position in shares of Vishay Precision Group, Inc. (NYSE:VPG - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 45,000 shares of the scientific and technical instruments company's stock, valued at approximately $6,746,000. Vishay Precision Group comprises approximately 3.0% of Andar Capital Management HK Ltd's portfolio, making the stock its 10th biggest holding. Andar Capital Management HK Ltd owned approximately 0.34% of Vishay Precision Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the company. Tema ETFs LLC grew its position in shares of Vishay Precision Group by 108,291.4% during the 2nd quarter. Tema ETFs LLC now owns 264,475 shares of the scientific and technical instruments company's stock worth $39,647,000 after buying an additional 264,231 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Vishay Precision Group in the 4th quarter valued at $9,822,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of Vishay Precision Group during the 4th quarter valued at $9,732,000. Handelsbanken Fonder AB boosted its stake in Vishay Precision Group by 120.7% during the fourth quarter. Handelsbanken Fonder AB now owns 311,377 shares of the scientific and technical instruments company's stock worth $11,988,000 after acquiring an additional 170,307 shares in the last quarter. Finally, Roubaix Capital LLC bought a new position in Vishay Precision Group during the first quarter worth $6,989,000. Institutional investors own 87.61% of the company's stock.

Vishay Precision Group Price Performance

Shares of NYSE VPG opened at $72.72 on Monday. Vishay Precision Group, Inc. has a twelve month low of $26.74 and a twelve month high of $151.78. The stock's 50 day moving average price is $110.65 and its 200-day moving average price is $79.42. The company has a market capitalization of $968.66 million, a PE ratio of 242.41, a PEG ratio of 6.16 and a beta of 1.47. 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 (NYSE:VPG - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $87.44 million. Vishay Precision Group had a return on equity of 1.77% and a net margin of 1.20%. On average, equities analysts anticipate that Vishay Precision Group, Inc. will post 0.59 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on VPG shares. Weiss Ratings upgraded shares of Vishay Precision Group from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 4th. Lake Street Capital lifted 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 downgraded shares of Vishay Precision Group from a "buy" rating to a "sell" rating in a research report on Saturday, August 8th. B. Riley Financial lowered their target price on shares of Vishay Precision Group from $109.00 to $105.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Finally, Zacks Research downgraded Vishay Precision Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 13th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $82.33.

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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