Sidoti lowered shares of Vishay Precision Group (NYSE:VPG) from a buy rating to a neutral rating in a research report sent to investors on Friday, March 9th, Marketbeat.com reports.
Other analysts also recently issued research reports about the company. ValuEngine upgraded Vishay Precision Group from a hold rating to a buy rating in a research note on Thursday, March 1st. B. Riley upped their price target on Vishay Precision Group from $31.00 to $34.00 and gave the stock a buy rating in a research note on Thursday, February 22nd.
VPG traded down $2.40 during midday trading on Friday, reaching $28.75. 166,745 shares of the company’s stock traded hands, compared to its average volume of 78,670. Vishay Precision Group has a 52 week low of $15.35 and a 52 week high of $33.45. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.69 and a quick ratio of 2.53. The firm has a market capitalization of $414.02, a price-to-earnings ratio of 25.22, a PEG ratio of 1.14 and a beta of 0.82.
Vishay Precision Group (NYSE:VPG) last posted its earnings results on Wednesday, February 21st. The scientific and technical instruments company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. The firm had revenue of $69.40 million for the quarter, compared to the consensus estimate of $63.92 million. Vishay Precision Group had a return on equity of 8.31% and a net margin of 5.64%. The business’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 EPS. sell-side analysts expect that Vishay Precision Group will post 1.37 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. MetLife Investment Advisors LLC bought a new position in shares of Vishay Precision Group during the 4th quarter valued at $132,000. Millennium Management LLC raised its holdings in Vishay Precision Group by 91.6% in the 4th quarter. Millennium Management LLC now owns 322,942 shares of the scientific and technical instruments company’s stock worth $8,122,000 after purchasing an additional 154,400 shares during the period. Sensato Investors LLC raised its holdings in Vishay Precision Group by 143.7% in the 4th quarter. Sensato Investors LLC now owns 45,892 shares of the scientific and technical instruments company’s stock worth $1,154,000 after purchasing an additional 27,061 shares during the period. TIAA CREF Investment Management LLC raised its holdings in Vishay Precision Group by 80.8% in the 4th quarter. TIAA CREF Investment Management LLC now owns 82,536 shares of the scientific and technical instruments company’s stock worth $2,076,000 after purchasing an additional 36,880 shares during the period. Finally, Two Sigma Investments LP raised its holdings in Vishay Precision Group by 24.7% in the 4th quarter. Two Sigma Investments LP now owns 47,825 shares of the scientific and technical instruments company’s stock worth $1,203,000 after purchasing an additional 9,461 shares during the period. Institutional investors and hedge funds own 81.41% of the company’s stock.
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About Vishay Precision Group
Vishay Precision Group, Inc (VPG) is a designer, manufacturer and marketer of sensors and sensor-based measurement systems, as well as specialty resistors and strain gages. The Company operates through three business segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.
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