Y Intercept Hong Kong Ltd Makes New Investment in Vishay Precision Group, Inc. $VPG

Y Intercept Hong Kong Ltd acquired a new position in shares of Vishay Precision Group, Inc. (NYSE:VPG) in the first quarter, HoldingsChannel.com reports. The firm acquired 24,683 shares of the scientific and technical instruments company’s stock, valued at approximately $1,072,000.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Vishay Precision Group by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 937,553 shares of the scientific and technical instruments company’s stock valued at $30,049,000 after acquiring an additional 24,235 shares in the last quarter. Harvey Partners LLC boosted its position in Vishay Precision Group by 21.3% during the third quarter. Harvey Partners LLC now owns 372,000 shares of the scientific and technical instruments company’s stock valued at $11,923,000 after purchasing an additional 65,315 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Vishay Precision Group by 2.7% during the second quarter. Ameriprise Financial Inc. now owns 342,135 shares of the scientific and technical instruments company’s stock valued at $9,614,000 after purchasing an additional 8,923 shares during the last quarter. Handelsbanken Fonder AB grew its stake in Vishay Precision Group by 120.7% in the fourth quarter. Handelsbanken Fonder AB now owns 311,377 shares of the scientific and technical instruments company’s stock valued at $11,988,000 after purchasing an additional 170,307 shares in the last quarter. Finally, Tieton Capital Management LLC grew its stake in Vishay Precision Group by 0.5% in the fourth 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 purchasing an additional 1,495 shares in the last quarter. Institutional investors own 87.61% of the company’s stock.

Vishay Precision Group Stock Performance

Vishay Precision Group stock traded down $0.36 during midday trading on Friday, reaching $113.13. 324,359 shares of the company’s stock were exchanged, compared to its average volume of 568,225. Vishay Precision Group, Inc. has a 52 week low of $25.58 and a 52 week high of $151.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.97 and a current ratio of 4.47. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 251.40, a P/E/G ratio of 5.78 and a beta of 1.43. The stock’s 50-day simple moving average is $116.05 and its 200 day simple moving average is $70.52.

Vishay Precision Group (NYSE:VPG) last announced its quarterly earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter. Vishay Precision Group had a return on equity of 2.28% and a net margin of 1.85%.The firm had revenue of $84.35 million for the quarter, compared to the consensus estimate of $77.08 million. On average, analysts expect that Vishay Precision Group, Inc. will post 0.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on VPG. Weiss Ratings raised Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. Lake Street Capital increased their price objective on Vishay Precision Group from $54.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Wall Street Zen raised shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Zacks Research upgraded shares of Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Finally, B. Riley Financial upped their price target on shares of Vishay Precision Group from $63.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $83.67.

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.