Lord Abbett & CO. LLC Increases Stake in Vishay Precision Group, Inc. $VPG

Key Points

• Lord Abbett & CO. LLC increased its stake in Vishay Precision Group, Inc. by 18.8%, owning approximately 364,626 shares worth $8,784,000 at the end of the first quarter.
• A number of hedge funds, including AIGH Capital Management, have also invested in Vishay Precision Group, indicating strong institutional interest as they collectively hold 87.61% of the company's stock.
• Vishay Precision Group reported a $0.17 EPS for the last quarter, significantly exceeding analysts' expectations of $0.04, and had revenues of $75.16 million against an expectation of $72.93 million.

Lord Abbett & CO. LLC boosted its position in shares of Vishay Precision Group, Inc. (NYSE:VPG - Free Report) by 18.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 364,626 shares of the scientific and technical instruments company's stock after buying an additional 57,634 shares during the quarter. Lord Abbett & CO. LLC owned approximately 2.75% of Vishay Precision Group worth $8,784,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC increased its stake in shares of Vishay Precision Group by 648.2% in the 1st quarter. CWM LLC now owns 1,025 shares of the scientific and technical instruments company's stock worth $25,000 after acquiring an additional 888 shares in the last quarter. Versant Capital Management Inc grew its position in Vishay Precision Group by 154.2% during the 1st quarter. Versant Capital Management Inc now owns 1,131 shares of the scientific and technical instruments company's stock valued at $27,000 after purchasing an additional 686 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Vishay Precision Group during the 4th quarter valued at about $184,000. Wells Fargo & Company MN grew its position in Vishay Precision Group by 32.3% during 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 purchasing an additional 1,970 shares during the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new stake in shares of Vishay Precision Group during the 4th quarter valued at about $274,000. 87.61% of the stock is currently owned by institutional investors.

Vishay Precision Group Stock Performance

VPG stock traded down $0.06 during trading on Thursday, reaching $26.98. The company had a trading volume of 14,593 shares, compared to its average volume of 143,341. The firm has a 50-day simple moving average of $27.44 and a 200-day simple moving average of $25.05. The company has a market cap of $358.29 million, a price-to-earnings ratio of -299.16 and a beta of 0.87. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.87 and a current ratio of 4.35. Vishay Precision Group, Inc. has a twelve month low of $18.57 and a twelve month high of $30.11.

Vishay Precision Group (NYSE:VPG - Get Free Report) last released its earnings results on Tuesday, August 5th. The scientific and technical instruments company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.13. Vishay Precision Group had a negative net margin of 0.43% and a positive return on equity of 1.72%. The company had revenue of $75.16 million during the quarter, compared to analysts' expectations of $72.93 million. Vishay Precision Group has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Vishay Precision Group, Inc. will post 0.9 earnings per share for the current year.

Analyst Ratings Changes

VPG has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Vishay Precision Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. B. Riley reissued a "buy" rating on shares of Vishay Precision Group in a report on Wednesday, May 7th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $28.50.

Vishay Precision Group 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.