Tidal Investments LLC Grows Holdings in Vishay Precision Group, Inc. $VPG

Key Points

• Tidal Investments increased its Vishay Precision Group position by 2,452.5% in the second quarter, owning 283,709 shares valued at approximately $42.5 million. Institutional investors collectively hold 87.61% of VPG’s outstanding stock.
• Analyst sentiment is mixed: two analysts rate VPG a buy, while others rate it hold or sell. The consensus rating is “Hold,” with an average price target of $82.33.
• VPG shares opened at $63.02 after declining 2.6%, well below their 52-week high of $151.78. The company’s latest quarterly results missed expectations, reporting $0.04 in EPS versus a $0.19 consensus and revenue of $83.94 million versus $87.44 million expected.

Tidal Investments LLC raised its position in shares of Vishay Precision Group, Inc. (NYSE:VPG - Free Report) by 2,452.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 283,709 shares of the scientific and technical instruments company's stock after purchasing an additional 272,594 shares during the quarter. Tidal Investments LLC owned 2.13% of Vishay Precision Group worth $42,531,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. First Bancorp Inc ME purchased a new stake in shares of Vishay Precision Group in the second quarter worth $30,000. Russell Investments Group Ltd. boosted its holdings in Vishay Precision Group by 826.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company's stock worth $36,000 after buying an additional 992 shares during the period. Strs Ohio bought a new position in Vishay Precision Group in the 1st quarter worth $39,000. Kestra Advisory Services LLC purchased a new stake in Vishay Precision Group in the 4th quarter worth $51,000. Finally, Optiver Holding B.V. increased its stake in Vishay Precision Group by 1,195.3% in the 1st quarter. Optiver Holding B.V. now owns 1,373 shares of the scientific and technical instruments company's stock worth $60,000 after buying an additional 1,267 shares in the last quarter. 87.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on VPG shares. B. Riley Financial lowered their price objective on Vishay Precision Group from $109.00 to $105.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Lake Street Capital lifted their target price 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. Zacks Research cut Vishay Precision Group from a "strong-buy" rating to a "hold" rating in a report on Monday, July 13th. Wall Street Zen downgraded Vishay Precision Group from a "buy" rating to a "sell" rating in a research note on Saturday, August 8th. Finally, Weiss Ratings lowered shares of Vishay Precision Group from a "hold (c)" rating to a "sell (d+)" rating in a report on Tuesday, August 18th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $82.33.

Vishay Precision Group Trading Down 2.6%

VPG stock opened at $63.02 on Thursday. The firm has a fifty day moving average price of $84.73 and a 200 day moving average price of $81.35. Vishay Precision Group, Inc. has a fifty-two week low of $28.71 and a fifty-two week high of $151.78. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.72 and a current ratio of 4.15. The firm has a market cap of $839.48 million, a PE ratio of 210.09, a price-to-earnings-growth ratio of 5.48 and a beta of 1.42.

Vishay Precision Group (NYSE:VPG - Get Free Report) last released 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). Vishay Precision Group had a net margin of 1.20% and a return on equity of 1.77%. The business had revenue of $83.94 million for the quarter, compared to analysts' expectations of $87.44 million. Sell-side analysts anticipate that Vishay Precision Group, Inc. will post 0.59 earnings per share for the current fiscal year.

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.

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