Vishay Precision Group (NYSE:VPG) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Vishay Precision Group (NYSE:VPG) from a hold rating to a buy rating in a research report released on Friday.

Separately, B. Riley raised Vishay Precision Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $24.50 to $28.50 in a research report on Thursday, February 13th.

Vishay Precision Group Stock Performance

Shares of Vishay Precision Group stock opened at $25.31 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.41 and a quick ratio of 2.80. The firm has a market cap of $335.09 million, a price-to-earnings ratio of 34.20 and a beta of 1.15. Vishay Precision Group has a one year low of $20.83 and a one year high of $35.54. The stock’s 50-day moving average is $23.56 and its 200-day moving average is $24.21.

Vishay Precision Group (NYSE:VPG) last released its quarterly earnings results on Wednesday, February 12th. The scientific and technical instruments company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.10). Vishay Precision Group had a return on equity of 3.87% and a net margin of 3.23%. Equities analysts predict that Vishay Precision Group will post 0.9 earnings per share for the current fiscal year.

Institutional Trading of Vishay Precision Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in VPG. Two Sigma Investments LP grew its position in shares of Vishay Precision Group by 28.4% in the 4th quarter. Two Sigma Investments LP now owns 57,366 shares of the scientific and technical instruments company’s stock valued at $1,346,000 after acquiring an additional 12,675 shares during the period. Nuveen Asset Management LLC lifted its stake in Vishay Precision Group by 38.1% in the 4th quarter. Nuveen Asset Management LLC now owns 110,775 shares of the scientific and technical instruments company’s stock valued at $2,600,000 after purchasing an additional 30,542 shares during the last quarter. Occudo Quantitative Strategies LP bought a new position in Vishay Precision Group during the fourth quarter worth about $274,000. Needham Investment Management LLC increased its position in Vishay Precision Group by 1.1% during the fourth quarter. Needham Investment Management LLC now owns 685,200 shares of the scientific and technical instruments company’s stock worth $16,082,000 after buying an additional 7,700 shares during the last quarter. Finally, Millennium Management LLC raised its stake in Vishay Precision Group by 112.3% in the fourth quarter. Millennium Management LLC now owns 22,930 shares of the scientific and technical instruments company’s stock valued at $538,000 after buying an additional 12,128 shares during the period. 87.61% of the stock is owned by institutional investors.

Vishay Precision Group Company Profile

Vishay Precision Group, Inc designs, manufactures, and markets specialized sensors, weighing solutions, and measurement systems in the United States, Israel, the United Kingdom, rest of Europe, Asia, and Canada. It operates through three segments: Sensors, Weighing Solutions, and Measurement Systems.