Tema ETFs LLC Buys 264,231 Shares of Vishay Precision Group, Inc. $VPG

Key Points

• Tema ETFs LLC dramatically increased its Vishay Precision Group stake, purchasing 264,231 additional shares in the second quarter. The fund now owns 264,475 shares, valued at approximately $39.6 million and representing 1.99% of VPG.
• VPG reported weaker-than-expected quarterly results, with earnings of $0.04 per share versus the $0.19 consensus estimate and revenue of $83.94 million against expectations of $87.44 million.
• Analyst sentiment remains mixed but leans positive: VPG has a “Moderate Buy” consensus rating and an average price target of $82.33, while institutional investors collectively own 87.61% of the company.

Tema ETFs LLC increased its stake in shares of Vishay Precision Group, Inc. (NYSE:VPG - Free Report) by 108,291.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 264,475 shares of the scientific and technical instruments company's stock after purchasing an additional 264,231 shares during the period. Vishay Precision Group makes up 1.3% of Tema ETFs LLC's investment portfolio, making the stock its 18th largest holding. Tema ETFs LLC owned 1.99% of Vishay Precision Group worth $39,647,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Vishay Precision Group by 2.7% in the third quarter. Vanguard Group Inc. now owns 937,553 shares of the scientific and technical instruments company's stock worth $30,049,000 after purchasing an additional 24,235 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Vishay Precision Group by 2.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 342,135 shares of the scientific and technical instruments company's stock valued at $9,614,000 after buying an additional 8,923 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Vishay Precision Group by 120.7% during the 4th quarter. Handelsbanken Fonder AB now owns 311,377 shares of the scientific and technical instruments company's stock valued at $11,988,000 after buying an additional 170,307 shares during the period. Tieton Capital Management LLC lifted its holdings in shares of Vishay Precision Group by 0.5% during the 4th quarter. Tieton Capital Management LLC now owns 311,226 shares of the scientific and technical instruments company's stock valued at $11,982,000 after buying an additional 1,495 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Vishay Precision Group during the 4th quarter valued at $9,822,000. Institutional investors own 87.61% of the company's stock.

Vishay Precision Group Trading Up 3.7%

Shares of Vishay Precision Group stock opened at $67.27 on Wednesday. Vishay Precision Group, Inc. has a 1-year low of $26.19 and a 1-year high of $151.78. The company's fifty day simple moving average is $113.94 and its 200-day simple moving average is $78.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.15 and a quick ratio of 2.72. The stock has a market capitalization of $894.70 million, a PE ratio of 224.24, a P/E/G ratio of 5.50 and a beta of 1.46.

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 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.15). Vishay Precision Group had a return on equity of 1.77% and a net margin of 1.20%.The company had revenue of $83.94 million during the quarter, compared to analysts' expectations of $87.44 million. As a group, equities analysts anticipate that Vishay Precision Group, Inc. will post 0.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

VPG has been the subject of several research analyst reports. B. Riley Financial cut their price objective on Vishay Precision Group from $109.00 to $105.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Weiss Ratings raised Vishay Precision Group from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 4th. Wall Street Zen cut Vishay Precision Group from a "buy" rating to a "sell" rating in a research report on Saturday. Lake Street Capital boosted their price target on Vishay Precision Group from $54.00 to $98.00 and gave the company a "buy" rating in a research note on Wednesday, May 13th. 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 analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Vishay Precision Group presently has a consensus rating of "Moderate Buy" and an average 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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