Vishay Precision Group (NYSE:VPG) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Vishay Precision Group from a "hold" rating to a "buy" rating, indicating increased investor confidence in the company's potential.
• Vishay Precision Group reported $0.17 EPS for the last quarter, surpassing analysts' expectations and contributing to a positive outlook for the company's earnings in the current year.
• A significant portion of Vishay Precision Group's stock, 87.61%, is owned by institutional investors and hedge funds, reflecting strong institutional interest in the company.

Vishay Precision Group (NYSE:VPG - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

Separately, B. Riley reaffirmed a "buy" rating on shares of Vishay Precision Group in a research note on Wednesday, May 7th.

Vishay Precision Group Trading Down 3.5%

NYSE VPG traded down $0.94 on Friday, reaching $26.26. The stock had a trading volume of 75,498 shares, compared to its average volume of 145,562. The firm has a market capitalization of $348.08 million, a price-to-earnings ratio of -291.70 and a beta of 0.87. The company has a quick ratio of 2.87, a current ratio of 4.35 and a debt-to-equity ratio of 0.10. Vishay Precision Group has a 12-month low of $18.57 and a 12-month high of $30.11. The stock has a fifty day moving average price of $27.35 and a two-hundred day moving average price of $24.84.

Vishay Precision Group (NYSE:VPG - Get Free Report) last announced its 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. The company had revenue of $75.16 million for the quarter, compared to analyst estimates of $72.93 million. Vishay Precision Group had a positive return on equity of 1.72% and a negative net margin of 0.43%. As a group, sell-side analysts forecast that Vishay Precision Group will post 0.9 EPS for the current fiscal year.

Institutional Investors Weigh In On Vishay Precision Group

A number of large investors have recently modified their holdings of VPG. Geode Capital Management LLC increased its position 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 last quarter. Wells Fargo & Company MN increased its position in shares of 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 purchasing an additional 1,970 shares during the last quarter. Portolan Capital Management LLC purchased a new stake in shares of Vishay Precision Group in the 4th quarter valued at approximately $11,552,000. Price T Rowe Associates Inc. MD increased its position in shares of Vishay Precision Group by 10.6% in the 4th 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 purchasing an additional 2,581 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its position in shares of Vishay Precision Group by 683.8% in the 4th 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 during the last quarter. 87.61% of the stock is owned by hedge funds and other institutional investors.

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.