Vishay Precision Group (NYSE:VPG) Shares Up 10.2% – Here’s What Happened

Vishay Precision Group, Inc. (NYSE:VPG) shares traded up 10.2% during trading on Thursday . The stock traded as high as $137.51 and last traded at $134.6690. 75,974 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 377,923 shares. The stock had previously closed at $122.25.

Analysts Set New Price Targets

VPG has been the subject of several analyst reports. Wall Street Zen upgraded Vishay Precision Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. B. Riley Financial boosted their price objective on Vishay Precision Group from $63.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Zacks Research raised Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Lake Street Capital raised their target price on shares of Vishay Precision Group from $54.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings lowered shares of Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.67.

Vishay Precision Group Trading Up 8.7%

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 stock’s fifty day moving average price is $80.71 and its two-hundred day moving average price is $55.98. The company has a market capitalization of $1.77 billion, a PE ratio of 292.78, a price-to-earnings-growth ratio of 6.29 and a beta of 1.46.

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. The company had revenue of $84.35 million during 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%. Sell-side analysts anticipate that Vishay Precision Group, Inc. will post 0.97 earnings per share for the current year.

Institutional Trading of Vishay Precision Group

A number of institutional investors have recently modified their holdings of VPG. Russell Investments Group Ltd. boosted its holdings in shares of Vishay Precision Group by 826.7% during the third quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 992 shares during the period. Farther Finance Advisors LLC boosted its holdings 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 purchasing an additional 944 shares during the period. Strs Ohio purchased a new position in shares of Vishay Precision Group during the 1st quarter worth approximately $39,000. Kestra Advisory Services LLC purchased a new stake in Vishay Precision Group in the fourth quarter worth $51,000. Finally, Optiver Holding B.V. grew its position in shares of Vishay Precision Group by 1,195.3% in the 1st quarter. Optiver Holding B.V. now owns 1,373 shares of the scientific and technical instruments company’s stock worth $60,000 after buying an additional 1,267 shares during the period. 87.61% of the stock is currently owned by hedge funds and other institutional investors.

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.