Vishay Precision Group (NYSE:VPG) Downgraded to Hold Rating by Zacks Research

Zacks Research cut shares of Vishay Precision Group (NYSE:VPG) from a strong-buy rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Lake Street Capital lifted their target price on shares of Vishay Precision Group from $54.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Weiss Ratings upgraded Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. B. Riley Financial raised their price target on Vishay Precision Group from $63.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen upgraded Vishay Precision Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Vishay Precision Group has an average rating of “Moderate Buy” and an average price target of $83.67.

Vishay Precision Group Trading Up 4.9%

Shares of Vishay Precision Group stock opened at $110.81 on Monday. Vishay Precision Group has a 12-month low of $25.58 and a 12-month high of $151.78. The stock has a market capitalization of $1.47 billion, a P/E ratio of 246.25, a price-to-earnings-growth ratio of 5.42 and a beta of 1.43. The company has a 50-day simple moving average of $117.89 and a 200 day simple moving average of $71.72. The company has a quick ratio of 2.97, a current ratio of 4.47 and a debt-to-equity ratio of 0.06.

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

Institutional Investors Weigh In On Vishay Precision Group

A number of institutional investors and hedge funds have recently made changes to their positions in VPG. Quantinno Capital Management LP grew its holdings in Vishay Precision Group by 0.9% during the first quarter. Quantinno Capital Management LP now owns 36,869 shares of the scientific and technical instruments company’s stock valued at $1,601,000 after purchasing an additional 314 shares during the period. LPL Financial LLC raised its holdings in Vishay Precision Group by 6.3% in the fourth quarter. LPL Financial LLC now owns 7,522 shares of the scientific and technical instruments company’s stock worth $290,000 after purchasing an additional 448 shares during the period. UBS Group AG raised its holdings in Vishay Precision Group by 0.8% in the third quarter. UBS Group AG now owns 67,724 shares of the scientific and technical instruments company’s stock worth $2,171,000 after purchasing an additional 523 shares during the period. K2 Principal Fund L.P. boosted its position in shares of Vishay Precision Group by 9.0% during the fourth quarter. K2 Principal Fund L.P. now owns 10,900 shares of the scientific and technical instruments company’s stock worth $420,000 after purchasing an additional 900 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of Vishay Precision Group during the first quarter worth $39,000. Institutional investors own 87.61% of the company’s stock.

About Vishay Precision Group

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.