Assenagon Asset Management S.A. Makes New Investment in Vishay Precision Group, Inc. $VPG

Key Points

• Assenagon Asset Management purchased 18,144 Vishay Precision Group shares worth approximately $2.72 million, joining other institutional investors that increased their holdings. Institutions and hedge funds collectively own 87.61% of VPG.
• Analyst sentiment remains mixed but leans positive, with a consensus rating of “Moderate Buy” and an average price target of $82.33. Recent changes included both upgraded price targets and downgrades to hold or sell ratings.
• VPG’s latest quarterly results fell short of expectations: earnings were $0.04 per share versus a $0.19 estimate, while revenue reached $83.94 million against an $87.44 million forecast.

Assenagon Asset Management S.A. bought a new position in shares of Vishay Precision Group, Inc. (NYSE:VPG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,144 shares of the scientific and technical instruments company's stock, valued at approximately $2,720,000. Assenagon Asset Management S.A. owned 0.14% of Vishay Precision Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Vishay Precision Group by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 937,553 shares of the scientific and technical instruments company's stock worth $30,049,000 after acquiring an additional 24,235 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Vishay Precision Group by 2.7% during the second quarter. Ameriprise Financial Inc. now owns 342,135 shares of the scientific and technical instruments company's stock worth $9,614,000 after acquiring an additional 8,923 shares during the period. Handelsbanken Fonder AB raised its holdings 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 purchasing an additional 170,307 shares in the last quarter. Tieton Capital Management LLC raised its holdings in Vishay Precision Group by 0.5% during the fourth quarter. Tieton Capital Management LLC now owns 311,226 shares of the scientific and technical instruments company's stock worth $11,982,000 after purchasing an additional 1,495 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Vishay Precision Group in the fourth quarter valued at about $9,822,000. Institutional investors and hedge funds own 87.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VPG. Wall Street Zen lowered shares of Vishay Precision Group from a "buy" rating to a "sell" rating in a research report on Saturday, August 8th. Lake Street Capital increased their price target 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. B. Riley Financial reduced 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. Weiss Ratings raised shares of Vishay Precision Group from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 4th. Finally, Zacks Research lowered shares of Vishay Precision Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 13th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $82.33.

Vishay Precision Group Stock Performance

NYSE:VPG opened at $68.35 on Friday. The firm has a market cap of $909.03 million, a PE ratio of 227.83, a P/E/G ratio of 5.94 and a beta of 1.46. 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 1-year low of $26.74 and a 1-year high of $151.78. The firm has a 50 day simple moving average of $111.53 and a 200-day simple moving average of $79.21.

Vishay Precision Group (NYSE:VPG - Get Free Report) last announced 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 company had revenue of $83.94 million for 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 expect that Vishay Precision Group, Inc. will post 0.59 EPS for the current year.

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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