Rice Hall James & Associates LLC Acquires New Position in Vishay Precision Group, Inc. $VPG

Key Points

• Rice Hall James & Associates acquired 23,908 Vishay Precision Group shares worth approximately $3.58 million, representing about 0.18% of the company. Institutional investors collectively own 87.61% of VPG.
• Vishay Precision Group reported quarterly EPS of $0.04, missing the $0.19 consensus estimate, while revenue of $83.94 million also fell short of the $87.44 million forecast.
• Analyst sentiment remains mixed, with ratings ranging from “sell” to “buy”; MarketBeat reports a consensus “Moderate Buy” rating and an average price target of $82.33.

Rice Hall James & Associates LLC acquired a new stake in Vishay Precision Group, Inc. (NYSE:VPG - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 23,908 shares of the scientific and technical instruments company's stock, valued at approximately $3,584,000. Rice Hall James & Associates LLC owned approximately 0.18% of Vishay Precision Group as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Vishay Precision Group during the 2nd quarter worth $1,125,000. Andar Capital Management HK Ltd acquired a new position in Vishay Precision Group in the 2nd quarter worth about $6,746,000. Bank of New York Mellon Corp bought a new position in Vishay Precision Group in the second quarter valued at about $7,042,000. State of Wyoming acquired a new stake in shares of Vishay Precision Group during the second quarter valued at about $977,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Vishay Precision Group during the second quarter worth about $657,000. 87.61% of the stock is currently owned by institutional investors.

Vishay Precision Group Trading Up 4.2%

Shares of VPG stock opened at $75.80 on Tuesday. The company has a market cap of $1.01 billion, a P/E ratio of 252.68, a PEG ratio of 6.16 and a beta of 1.47. The stock has a 50 day simple moving average of $109.77 and a two-hundred day simple moving average of $79.64. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.72 and a current ratio of 4.15. Vishay Precision Group, Inc. has a fifty-two week low of $26.74 and a fifty-two week high of $151.78.

Vishay Precision Group (NYSE:VPG - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. Research analysts forecast that Vishay Precision Group, Inc. will post 0.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Vishay Precision Group 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.

Want to see what other hedge funds are holding VPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vishay Precision Group, Inc. (NYSE:VPG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source