16,300 Shares in Vishay Precision Group, Inc. $VPG Bought by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new position in Vishay Precision Group, Inc. (NYSE:VPG) in the first quarter, Holdings Channel.com reports. The firm purchased 16,300 shares of the scientific and technical instruments company’s stock, valued at approximately $691,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. lifted its position in shares of Vishay Precision Group by 11.7% in the second quarter. Invesco Ltd. now owns 26,353 shares of the scientific and technical instruments company’s stock valued at $741,000 after acquiring an additional 2,763 shares in the last quarter. First Trust Advisors LP grew its position in shares of Vishay Precision Group by 4.3% during the second quarter. First Trust Advisors LP now owns 39,578 shares of the scientific and technical instruments company’s stock worth $1,112,000 after purchasing an additional 1,615 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Vishay Precision Group during the second quarter worth about $338,000. Sei Investments Co. bought a new stake in Vishay Precision Group during the 2nd quarter valued at approximately $218,000. Finally, Quantinno Capital Management LP raised its stake in Vishay Precision Group by 56.4% during the 2nd quarter. Quantinno Capital Management LP now owns 31,389 shares of the scientific and technical instruments company’s stock valued at $882,000 after purchasing an additional 11,324 shares during the period. 87.61% of the stock is owned by institutional investors.

Vishay Precision Group Stock Up 7.9%

Shares of VPG opened at $87.66 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 2.97. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 194.79, a price-to-earnings-growth ratio of 4.17 and a beta of 1.43. Vishay Precision Group, Inc. has a 1 year low of $25.58 and a 1 year high of $151.78. The business’s 50 day simple moving average is $121.12 and its 200-day simple moving average is $76.91.

Vishay Precision Group (NYSE:VPG) last posted its 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 net margin of 1.85% and a return on equity of 2.28%. The firm had revenue of $84.35 million during the quarter, compared to analyst estimates of $77.08 million. As a group, equities analysts expect that Vishay Precision Group, Inc. will post 0.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Weiss Ratings upgraded Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 23rd. Zacks Research cut shares of Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Wall Street Zen raised shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Lake Street Capital upped their target price on shares of Vishay Precision Group from $54.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, B. Riley Financial raised their target price on shares of Vishay Precision Group from $63.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Vishay Precision Group has a consensus rating of “Moderate 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.