Herald Investment Management Ltd Purchases 50,000 Shares of Vishay Precision Group, Inc. (NYSE:VPG)

Key Points

• Herald Investment Management Ltd increased its stake in Vishay Precision Group by 50%, acquiring an additional 50,000 shares, bringing its total ownership to 150,000 shares valued at approximately $3.61 million.
• Other hedge funds also significantly boosted their holdings in Vishay Precision Group during the first quarter, with increases ranging from 154.2% to 648.2%.
• Vishay Precision Group reported a quarterly earnings per share of $0.17, surpassing the consensus estimate of $0.04, alongside a revenue of $75.16 million.

Herald Investment Management Ltd lifted its stake in Vishay Precision Group, Inc. (NYSE:VPG - Free Report) by 50.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 150,000 shares of the scientific and technical instruments company's stock after acquiring an additional 50,000 shares during the quarter. Herald Investment Management Ltd owned approximately 1.13% of Vishay Precision Group worth $3,610,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of VPG. Geode Capital Management LLC raised its holdings in shares of Vishay Precision Group by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 329,940 shares of the scientific and technical instruments company's stock valued at $7,746,000 after purchasing an additional 10,454 shares during the period. Wells Fargo & Company MN lifted its position in Vishay Precision Group by 32.3% in the 4th quarter. Wells Fargo & Company MN now owns 8,067 shares of the scientific and technical instruments company's stock valued at $189,000 after acquiring an additional 1,970 shares in the last quarter. Portolan Capital Management LLC purchased a new position in shares of Vishay Precision Group during the 4th quarter valued at $11,552,000. Price T Rowe Associates Inc. MD grew its stake in Vishay Precision Group by 10.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,901 shares of the scientific and technical instruments company's stock valued at $632,000 after acquiring an additional 2,581 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its stake in Vishay Precision Group by 683.8% in the fourth quarter. Lord Abbett & CO. LLC now owns 306,992 shares of the scientific and technical instruments company's stock valued at $7,205,000 after purchasing an additional 267,826 shares in the last quarter. 87.61% of the stock is currently owned by institutional investors.

Vishay Precision Group Stock Up 3.1%

Shares of NYSE:VPG traded up $0.81 during trading hours on Tuesday, hitting $27.03. The company's stock had a trading volume of 128,742 shares, compared to its average volume of 145,391. The firm's fifty day moving average price is $27.38 and its 200 day moving average price is $24.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.35 and a quick ratio of 2.87. Vishay Precision Group, Inc. has a 52 week low of $18.57 and a 52 week high of $30.11. The company has a market capitalization of $358.47 million, a price-to-earnings ratio of -300.36 and a beta of 0.87.

Vishay Precision Group (NYSE:VPG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The scientific and technical instruments company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.13. Vishay Precision Group had a positive return on equity of 1.72% and a negative net margin of 0.43%. The company had revenue of $75.16 million for the quarter, compared to analyst estimates of $72.93 million. As a group, research analysts expect that Vishay Precision Group, Inc. will post 0.9 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on VPG shares. Wall Street Zen upgraded Vishay Precision Group from a "hold" rating to a "buy" rating in a research report on Saturday. B. Riley reissued a "buy" rating on shares of Vishay Precision Group in a report on Wednesday, May 7th.

Vishay Precision Group Company Profile

Vishay Precision Group, Inc designs, manufactures, and markets specialized sensors, weighing solutions, and measurement systems in the United States, Israel, the United Kingdom, rest of Europe, Asia, and Canada. It operates through three segments: Sensors, Weighing Solutions, and Measurement Systems.