Connective Capital Management LLC Purchases New Holdings in Vishay Precision Group, Inc. $VPG

Connective Capital Management LLC acquired a new position in Vishay Precision Group, Inc. (NYSE:VPG) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 11,885 shares of the scientific and technical instruments company’s stock, valued at approximately $458,000. Vishay Precision Group accounts for about 0.3% of Connective Capital Management LLC’s portfolio, making the stock its 29th largest holding.

Several other large investors have also recently bought and sold shares of VPG. LPL Financial LLC boosted its position in Vishay Precision Group by 6.3% in the 4th quarter. LPL Financial LLC now owns 7,522 shares of the scientific and technical instruments company’s stock valued at $290,000 after buying an additional 448 shares during the last quarter. UBS Group AG increased its stake in shares of Vishay Precision Group by 0.8% in the 3rd quarter. UBS Group AG now owns 67,724 shares of the scientific and technical instruments company’s stock valued at $2,171,000 after buying an additional 523 shares during the period. K2 Principal Fund L.P. raised 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 acquiring an additional 900 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Vishay Precision Group by 1,180.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company’s stock worth $39,000 after acquiring an additional 944 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Vishay Precision Group by 8.7% during the fourth quarter. AQR Capital Management LLC now owns 11,849 shares of the scientific and technical instruments company’s stock valued at $456,000 after acquiring an additional 952 shares during the period. Institutional investors and hedge funds own 87.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on VPG shares. Zacks Research upgraded Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. B. Riley Financial boosted their price objective on Vishay Precision Group from $63.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Lake Street Capital upped 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 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. Finally, Weiss Ratings cut shares of Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Vishay Precision Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.67.

Vishay Precision Group Stock Performance

VPG stock opened at $141.68 on Friday. The business’s fifty day moving average is $92.14 and its 200-day moving average is $60.50. The company has a quick ratio of 2.97, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.88 billion, a P/E ratio of 314.85, a price-to-earnings-growth ratio of 6.84 and a beta of 1.46. Vishay Precision Group, Inc. has a twelve month low of $25.49 and a twelve month high of $148.39.

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

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.